Latest News
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17 Jun 24UK’s first National Centre launched to advance geothermal energy in the UK
The Net Zero Technology Centre (NZTC), Durham University, SHIFT Geothermal, and The Reece Foundation have announced the launch of the UK National Geothermal Centre (NGC). The NGC aims to accelerate the UK geothermal sector by stimulating and supporting research and innovation, transitioning and developing expertise, and driving the creation of a policy, regulation and investment framework which enables geothermal advancement. -
17 Jun 24OMV unveils new corporate identity focusing on sustainability and circularity
At its Capital Markets Day in London, OMV announced a new brand identity capturing the company’s ambition and significant progress towards becoming net-zero by 2050. In line with OMV’s Strategy 2030, the new brand identity embodies the purpose of re-inventing essentials for sustainable living, as it evolves to become an integrated sustainable chemicals, fuels and energy company. -
17 Jun 24Norway: Longboat Energy announces sale of shares in Longboat Japex Norge and exit from Norway
Longboat Energy has reached agreement to sell its 50.1% holding in Longboat Japex Norge to its joint venture partner Japan Petroleum Exploration ('JAPEX'). -
17 Jun 24Longboat Energy announces strategic pivot to focus on Southeast Asia
Longboat Energy has announced the strategic pivot of the business to focus on Southeast Asia following the sale of its 50.1% holding in Longboat JAPEX Norge. -
17 Jun 24Denmark: BlueNord announces successful spudding of Harald East Middle Jurassic well
BlueNord has announced that drilling operations on the Harald East Middle Jurassic well ('HEMJ') has commenced. The HEMJ was spudded in the Harald East area, located close to the Norwegian border and the gas will be exported through the Tyra East facilities. -
17 Jun 24India: L&T wins 'large' offshore order from ONGC
Larsen & Toubro (L&T) has secured an order from the Oil & Natural Gas Corporation (ONGC) for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India’s west coast. -
17 Jun 24Azerbaijan: Baker Hughes awarded multi-year contract to help Azerbaijan maximize well productivity
Baker Hughes has announced an award from the State Oil Company of Azerbaijan Republic (SOCAR) to employ its electric submersible pump (ESP) technology and automated field production software solution, Leucipa, in the nation’s oilfields. -
17 Jun 24bp and Worley announce global strategic alliance across site projects
bp and Worley have formed a new strategic alliance focused on enhancing efficiency, continuous improvement and value creation across bp’s global Site Projects organization. This alliance builds upon a successful, decade-long collaboration between the two companies. -
17 Jun 24Slowing demand growth and surging supply put global oil markets on course for major surplus this decade - IEA
Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market strains and pushing spare capacity towards levels unseen outside of the Covid crisis, according to the IEA’s new oil market outlook. -
17 Jun 24UK Infrastructure Bank, Centrica and partners invest £300 million in Highview Power clean energy storage programme to boost UK’s energy security
Highview Power has secured the backing of the UK Infrastructure Bank and the energy industry leader Centrica with a £300 million investment for the first commercial-scale liquid air energy storage (LAES) plant in the UK. -
17 Jun 24Morocco: Sound Energy enters into a binding Sale and Purchase agreement for the partial divestment of the Company's Moroccan assets
AIM-listed Sound Energy, the transition energy company, has announced the entry into a binding Sale and Purchase agreement for the partial divestment of the Company's Moroccan assets by way of the disposal by the Company of the entire issued share capital of Sound Energy Morocco East ('SEME') to Managem for a total value to Sound Energy of up to US$45.2 million. -
17 Jun 24US: BOEM releases Studies Development Plan for fiscal years 2025 and 2026
As part of the Bureau of Ocean Energy Management’s (BOEM) commitment to acquire and use the highest quality scientific information in its decision making, the bureau has released its FY2025-2026 Studies Development Plan (SDP). The SDP is a key component of BOEM’s rigorous planning, review and procurement process to meet the nation's research needs to inform Outer Continental Shelf (OCS) environmental analyses. -
17 Jun 24SLB and Aker Carbon Capture announce closing of carbon capture JV
SLB and Aker Carbon Capture have announced the closing of their previously announced joint venture. The new company combines technology portfolios, expertise and operations platforms to support accelerated carbon capture adoption for industrial decarbonization at scale. -
17 Jun 24UK: Subsea7 awarded a contract for the Bittern field in the UK North Sea
Subsea7 has announced the award of a sizeable contract by Dana Petroleum, for the Bittern field development, located in the UK Central North Sea. The contract scope includes project management, engineering, procurement, construction and installation (EPCI) of a 22km 12” water injection pipeline.