Latest News
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21 Aug 25
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21 Aug 25
Panoro Energy announces 2025 half year results
Panoro Energy has reported financial and operational performance for the first half of 2025. Group working interest production of 11,526 bopd in the first half represents a 26 per cent increase on the same period last year. Revenue for the first half was USD 86 million and EBITDA USD 50.7 million. -
21 Aug 25
Norway: AkerBP announces significant oil discovery in the Yggdrasil area
Aker BP has successfully completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe). -
21 Aug 25
Malaysia: Strohm to supply production TCP Jumpers to a major Southeast Asian operator
Strohm, the world’s first and leading thermoplastic composite pipe (TCP) company, has been awarded a contract to supply four TCP Jumpers for installation in a deepwater field offshore Malaysia. The end customer is a major Southeast Asian operator with international exploration projects. -
21 Aug 25
Nabors announces sale of Quail Tools to Superior Energy Services for $600 million
Nabors Industries has entered into a definitive agreement to sell Nabors' Quail Tools subsidiary to Superior Energy Services. Net consideration for the sale totals $600 million plus adjustments for net working capital. -
20 Aug 25
Brazil: Drilling rig chartered by Petrobras arrives in Amapá to take part in drill exercise
The NS-42 drilling rig, chartered by Petrobras, arrived at the location, in block FZA-M-59, in deep waters of Amapá, on August 18th. The vessel will be used during the Pre-Operational Assessment (APO), which is scheduled to begin on August 24th. -
20 Aug 25
Montenegro: EBRD backs expansion of Montenegro wind farm with additional €26 million loan
The European Bank for Reconstruction and Development (EBRD) is deepening its support for Montenegro’s green energy transition with an additional €26 million loan to expand the Gvozd wind farm, the country’s flagship renewable energy project. -
20 Aug 25
UAE: Masdar’s Annual Sustainability Report highlights Company’s increasing global impact with record 62% capacity growth in single year
Masdar’s twelfth Annual Sustainability Report shows continued progress in key areas, with the company delivering record 62% portfolio capacity growth, increasing its global footprint. -
20 Aug 25
Seychelles: Qair secures financing from the FEI to power landmark Floating Solar Project in Seychelles
Independent renewable energy company Qair has secured a USD 5.7 million senior debt facility from the Facility for Energy Inclusion ('FEI'), managed by Cygnum Capital, to finance the development, building, operations, and maintenance of a 5.8 MWp Floating Solar plant located in the Providence Lagoon on Mahé Island in Seychelles. -
20 Aug 25
Brazil: OceanPact signs BRL 3.2 billion contracts with Petrobras for chartering four RSVs
OceanPact has signed four new contracts with Petrobras, totaling approx. BRL 3.2 billion, for the chartering of ROV Support Vessels (RSVs) over a four-year period. -
20 Aug 25
Germany: RWE commissions wind farm on former opencast mining site
RWE has commissioned the Aldenhoven wind farm in the Düren district, North Rhine-Westphalia, Germany, which has a total installed capacity of 34.2 megawatts (MW). Since spring 2024, the company has installed six 5.7 MW wind turbines on recultivated land at the Inden opencast mine. -
20 Aug 25
Norway's oil production in July 2025 is 8.2 percent more than the NOD’s forecast
Preliminary production figures for July 2025 show an average daily production of 2,159,000 barrels of oil, NGL and condensate. Oil production in July is 8.2 percent more than the NOD’s forecast and 3.1 percent more than the forecast so far this year. -
20 Aug 25
Australia: Australian Renewable Energy Agency opens $500 million Battery Breakthrough Initiative to support battery manufacturing in Australia
The Australian Renewable Energy Agency (ARENA) has opened the $500 million Battery Breakthrough Initiative (BBI) to support and grow battery manufacturing in Australia. -
20 Aug 25
US: Talos Energy announces successful exploration results at Daenerys
Talos Energy has announced successful drilling results at the Daenerys exploration prospect located in the U.S. Gulf of America Walker Ridge blocks 106, 107, 150, and 151. -
20 Aug 25
Australia: Jadestone Energy reports successful flow testing of the Skua-11ST well
AIM-listed Jadestone Energy has announced an update on the testing of the Skua-11ST development well at the Montara field offshore Australia. Strong initial flows from the Skua-11ST well will meaningfully contribute to higher production from Montara, underpinning Jadestones revised 2025 production guidance which was upgraded in July. -
20 Aug 25
UK: Ithaca Energy announces first half results for the six months to 30 June 2025
Ithaca Energy today announced its unaudited financial results for the six months ended 30 June 2025. Key H1 2025 highlights - Strong production and adjusted EBITDAX supporting investment in value-accretive growth and shareholder distributions.
