Latest News
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10 Feb 26
Subsea7 awarded contract in the Mediterranean Sea
Subsea7 has announced the award of a substantial contract by Chevron for subsea installation in the Eastern Mediterranean. Subsea7’s scope includes the transport and installation of approx. 17 kms of subsea flowlines and umbilicals. -
10 Feb 26
Malaysia: PETRONAS and Sabah State strengthen collaboration with PSC award and Mutiara Cluster Milestones
Malaysia Petroleum Management (MPM), PETRONAS announced the award of the Production Sharing Contract (PSC) for the Permata Cluster located off the coast of Sabah, representing the successful conclusion of the three Discovered Resource Opportunities (DRO) clusters and the progression of an additional exploration block offered under the Malaysia Bid Round 2025 (MBR 2025) launched early last year. -
10 Feb 26
Malaysia: PTTEP announces FID of its first greenfield development in Malaysia, advancing a key milestone to support long-term growth
PTTEP has reached FID for the Malaysia SK405B Project, offshore Malaysia, marking the milestone of the company’s first greenfield development project in the country to support long-term growth. -
10 Feb 26
Valeura Energy reports record high 2P reserves and an increase in its 2P reserves life index
Valeura Energy has announced record high proved plus probable ('2P') reserves, an increase in its 2P reserves life index ('RLI') and a third consecutive year of approximately 200% 2P reserves replacement ratio. -
10 Feb 26
India: Vantage Drilling International announces ONGC Notification of Award for Platinum Explorer
Vantage Drilling International has received a binding Notification of Award (NOA) from ONGC for the drillship Platinum Explorer following the conclusion of its tender for a deepwater drillship for a 3-year firm, plus 1-year optional campaign in India with an estimated total contract value of $261M USD exclusive of MPD Services. -
10 Feb 26
BP announces fourth quarter and full year 2025 results
2025 was a year of strong underlying financial results, strong operational performance, and meaningful strategic progress. BP has made progress against its four primary targets - growing cash flow and returns, reducing costs, and strengthening the balance sheet. -
10 Feb 26
Timor Leste/Philippines: Sunda Energy announces funding and operational update
Sunda Energy has provided a funding and operational update regarding its activities in Timor-Leste and the Philippines. The Company is actively pursuing opportunities to strengthen and diversify its upstream portfolio. -
10 Feb 26
Cloudberry Clean Energy - Fourth quarter 2025 report
Cloudberry Clean Energy, a renewable energy company operating in the Nordics, delivers strong results driven by growth, cost savings and a high realized power price. -
10 Feb 26
Norway: Vår Energi delivering higher production and more value for longer
Vår Energi reports financial results for the fourth quarter and full year 2025. The Company delivered transformational growth in 2025, doubling production in just two years. The Company delivered record high production, high reserve replacement, strong financial performance and significant value creation. -
10 Feb 26
TGS announces Engagement Phase 9 in the Gulf of America
TGS, in strategic collaboration with SLB, has announced the launch of Engagement 9, the latest phase of the companies’ OceanBottom Node (OBN) multi-client campaign in the Gulf of America. Engagement 9 covers 161 OCS blocks in the Walker Ridge protraction area, one of the Gulf of America’s most prolific deepwater provinces. -
09 Feb 26
Nerw Zealand: Government says yes to liquefied natural gas
Prime Minister Christopher Luxon and Energy Minister Simon Watts confirmed that the Government will establish a liquefied natural gas (LNG) import facility to strengthen New Zealand’s energy security and support economic growth. -
09 Feb 26
Chevron announces senior leadership changes
Chevron Corporation, one of the world’s leading integrated energy companies, has announced several senior leadership changes. -
09 Feb 26
Congo (Brazzaville): Perenco Congo successfully installs Kombi 2 platform on the KLL field
Perenco Congo has announced the successful installation of the new Kombi 2 platform on the Kombi-Likalala-Libondo II (KLL II) field, marking a key milestone in the redevelopment of this historic field, more than 20 years after the drilling of its last well. -
09 Feb 26
US: TotalEnergies to provide 1 GW of solar capacity to power Google’s data centers in Texas for 15 years
TotalEnergies has signed two new long-term Power Purchase Agreements (PPA) to deliver 1 GW of solar capacity – equivalent to 28 TWh of renewable electricity over 15 years – to supply Google’s data centers in Texas. -
09 Feb 26
Germany: Bilfinger contracted for assembly and installation of BP’s Green Hydrogen Plant in Lingen, Germany
Bilfinger has been awarded a contract as part of a consortium to deliver the prefabrication, assembly, and installation of plant components for bp’s new green hydrogen electrolyzer. With a planned capacity of 100 megawatts, the new production facility is expected to become the largest of its kind for green hydrogen from bp and the first to be fully owned and operated by the energy company. -
09 Feb 26
Argentina: Interoil completes strategic exit from Argentina
Interoil has completed a strategic decision to exit its conventional operations in Argentina. The Argentine assets were sold to an Argentine investor in a transaction valued at a price of up to USD 1,000,000, payable in ten contingent installments. -
09 Feb 26
Transocean to acquire Valaris
Transocean and Valaris have announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire Valaris in an all-stock transaction valued at approx. $5.8 billion (all currency in USD). The shareholding percentages of the combined company, on a fully diluted basis, will be approx. 53% for Transocean and 47% for Valaris. -
09 Feb 26
Eni and CDP Venture Capital invest over half a million euros in startup EXE Engineering
Eni, together with CDP Venture Capital, invested €550,000 and announced a collaboration with the startup EXE Engineering in the field of carbon offsetting initiatives in Africa. This new investment will enable the startup to accelerate its roadmap and support the expansion of its projects into new operating contexts, including international growth in Europe and Africa.
