Latest News
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17 Feb 26
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17 Feb 26
Romania: EBRD finances €34 million for major solar projects in Romania
The European Bank for Reconstruction and Development (EBRD), which has been instrumental in supporting Romania's renewable energy ambitions, is providing a senior secured loan of up to €34 million to Solar World SRL, RB Solar Energy SRL and Energie Soleil SRL for the development, construction and operation of two solar power plants in the southern part of Romania. -
16 Feb 26
US: Buccaneer Energy announces successful completion of an Organic Oil Recovery pilot project at Pine Mills
AIM-listed Buccaneer Energy, the international oil & gas exploration and production company with a portfolio of production and development assets in Texas, USA, has announced the successful completion of an Organic Oil Recovery ('OOR') pilot project in its Pine Mills field in East Texas. -
16 Feb 26
Argentina: DOF Group awarded contract in Argentina
DOF Group has announced the award of a Substantial* contract for a project in Argentina. DOF will utilise Skandi Hera and Skandi Patagonia for the project with an expected combined duration of more than 250 days. -
16 Feb 26
Timor Leste: Finder Energy's KTJ Project passes major development milestone
Finder Energy has announced the successful completion of FrontEnd Engineering Design for the Subsea Production System (SPS) and Production Wells (FEED) for the Kuda Tasi and Jahal Development Project (KTJ Project), offshore Timor Leste. FEED was completed on schedule in accordance with the fast-track development timeline for the KTJ Project. -
16 Feb 26
Greece: Chevron awarded four offshore leases for Greece exploration blocks
Chevron, via its four Dutch subsidiaries, together with HELLENiQ ENERGY has today signed Lease Agreements with the Hellenic Republic which will enable exploration of four blocks offshore Greece. -
16 Feb 26
UK: Union Jack Oil announces West Newton permit variation
Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company notes today’s announcement from Rathlin Energy U.K. regarding the West Newton gas development project, located within PEDL183, onshore UK in East Yorkshire. -
16 Feb 26
Malaysia: DUG and Searcher sign Multi-Client 3D seismic data reprocessing agreement offshore East Sarawak Malaysia
DUG and Searcher have signed an agreement for the provision of multi-Client 3D seismic data reprocessing off the coast of East Sarawak. Under the terms of the Agreement DUG and Searcher will reprocess previously acquired 3D seismic surveys within the agreed East Sarawak multi-client reprocessing area, which will be made available for licensing to petroleum exploration and development companies. -
16 Feb 26
Cote d'Ivoire: Eni announces a discovery within the major Calao channel complex with Murene South-1X well in Block CI-501, offshore Côte d'Ivoire
Eni has made a significant gas and condensate discovery in Ivory Coast, successfully drilling Murene South-1X, the first exploration well in Block CI-501. -
16 Feb 26
Norway: Equinor drills oil and gas discovery and dry well in the North Sea (33/12-N-3 HH and 33/12-N-3 GH)
Equinor and its partners have discovered oil and gas in the 'Granat' prospect near Gullfaks. Wildcat wells 33/12-N-3 HH and 33/12-N-3 GH were drilled in connection with drilling an oil development well on the Gullfaks Satellites (33/12-N-3 IH) in production licence 152. -
16 Feb 26
South Africa: Lyra Energy secures private sector offtake for a 255 MW solar power plant
Scatec’s joint venture renewable energy platform in South Africa, Lyra Energy (Lyra), has signed power purchase agreements (PPA) with three top tier commercial and industrial offtakers for a large portion of a 255 MW solar power plant (Thakadu). -
16 Feb 26
Lime Petroleum provides operational update and initiates strategic review
Lime Petroleum Holding AS ('LPH') has announced the successful achievement of first oil from the AK-2H well, located in the Sèmè Field Block 1 in Benin. Production from the well is expected to commence within the next two weeks. -
16 Feb 26
Georgia: Block Energy announces completion of CCS Pilot Study
Block Energy, the production and development company focused on Georgia, hass announced that the Carbon Capture Storage ('CCS') Pilot Study at the Patardzeuli Field has been successfully completed. A report, prepared by Oilfield Production Consultants ('OPC'), confirms the technical viability of permanent carbon storage at the site. -
16 Feb 26
Tanzania: Helium One Global announces Southern Rukwa Project update
Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update on the southern Rukwa Helium Project. -
16 Feb 26
Norway: Aker BP establishes next-generation MMO alliance with Aker Solutions
Aker BP has awarded Aker Solutions a long-term agreement for Maintenance, Modification and Operation services (MMO) covering all Aker BP-operated assets on the Norwegian continental shelf. -
16 Feb 26
Norway: Aker Solutions awarded long-term MMO frame agreement by Aker BP
Aker Solutions has been awarded a major five-year contract with Aker BP for Maintenance, Modification and Operation services (MMO). The contract covers all Aker BP's key assets on the Norwegian Continental Shelf, including the new Yggdrasil area.
