Latest News
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04 Feb 26
Latin American oil giants shrug off potential Venezuelan comeback; smaller players seize near-term upside - Rystad Energy
Argentina, Guyana and Brazil are poised to lead Latin American oil production growth in 2026, even though the possible return of Venezuelan barrels poses questions for the region’s long-term capital expenditure strategy. -
04 Feb 26
UK: Wood and Kellas Midstream extend operating partnership at the CATS facility
Wood has renewed its longstanding contract with Kellas Midstream to continue serving as operating partner (‘Duty Holder’), for the Central Area Transmission System (CATS) at Teesside in the United Kingdom. -
04 Feb 26
Electric mobility: TotalEnergies and Tikehau Capital join forces to develop public charging networks in Belgium and the Netherlands
TotalEnergies and Tikehau Capital have announced the creation of a joint investment platform to promote the development of charging infrastructure for electric vehicles in urban public spaces in Belgium and the Netherlands. -
04 Feb 26
Brazil: KUFPEC acquires 20% interest in Orca and Sul De Orca in Brazil
Kuwait Foreign Petroleum Exploration Company ('KUFPEC') has reached an agreement to acquire a 20% interest in the Orca and Sul de Orca asset from Shell Brasil Petróleo Ltda, a wholly-owned subsidiary of Shell. Current estimated recoverable resource volumes of the Orca development are approx. 370 million barrels with production expected to start in 2029. -
04 Feb 26
Kuwait: TotalEnergies and Kuwait Oil Company sign technical cooperation agreement
At the opening of the 5th Kuwait Oil & Gas Show and Conference (KOGS), TotalEnergies and Kuwait Oil Company (KOC) signed a Memorandum of Understanding (MoU) to strengthen their cooperation, exchange expertise and conduct technical studies. The MoU notably includes studies related to new exploration opportunities in the country, for which TotalEnergies will mobilize its technical expertise. -
04 Feb 26
Qatar: PETRONAS signs 20-year LNG supply agreement with QatarEnergy
PETRONAS LNG, a subsidiary of PETRONAS, has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with QatarEnergy, the first long-term LNG supply agreement between the two companies. -
04 Feb 26
TGS awarded OBN contract in the North Sea
TGS, a leading provider of energy data and intelligence, has announced the award of an ocean bottom node (OBN) contract in Europe, extending the acquisition campaign further. The company’s node-on-a-rope crew is scheduled to commence acquisition in early April and the contract has a duration of approx. 45 days. -
04 Feb 26
Equinor fourth quarter and full year 2025 results
Equinor delivered an adjusted operating income of USD 6.20 billion and USD 1.55 billion after tax in the fourth quarter of 2025. Equinor reported a net operating income of USD 5.49 billion and a net income of USD 1.31 billion. Adjusted net income was USD 2.04 billion, leading to adjusted earnings per share of USD 0.81. -
03 Feb 26
UK: PS Renewables receives planning permission for the Northorpe Fen Solar Farm near Bourne, Lincolnshire
PS Renewables has announced that the Northorpe Fen Solar Farm near Bourne, Lincolnshire has received planning permission from South Kesteven District Council. Once operational it will generate renewable energy of the equivalent electricity required to power 7,000 homes. -
03 Feb 26
Finder Energy provides an update in relation to the Petrojarl I FPSO
Finder Energy has provided an update in relation to the Petrojarl I FPSO. To reduce holding costs, the PJI has been successfully relocated from Las Palmas, Gran Canaria to a lower-cost lay-up facility in Granadilla, Tenerife. The relocation, Finder’s first large-scale infrastructure operation for the Kuda Tasi and Jahal Development Project, was completed safely, with the Skandi Minder contracted to tow the vessel approx. 110km to the Port of Granadilla. -
03 Feb 26
Brazil: Petrobras expands oil sales to India
During India Energy Week, Petrobras renewed and expanded oil sales contracts with major Indian state-owned refiners. The agreements were signed at the meeting of global energy sector leaders, which took place last week in the city of Goa, India. -
03 Feb 26
Kuwait: SLB awarded integrated development contract for Mutriba field in Kuwait
Global technology company SLB has announced that Kuwait Oil Company has awarded SLB a $1.5 billion, five-year integrated contract for the Mutriba field in Kuwait, including design, development and production management. -
03 Feb 26
Germany: TenneT Holding reaches agreement with German government on sale of stake in TenneT Germany
TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, on the sale of a 25.1% stake in TenneT Germany for approx. EUR 3.3 billion. This investment strengthens the financial position of TenneT Germany as the owner of strategic infrastructure in Germany. -
03 Feb 26
MOL Group and Libya's National Oil Corporation to establish strategic partnership in the oil industry
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC). The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading. -
03 Feb 26
Germany: Enlight reaches final development milestones for CO Bar, its largest project to date
Enlight Renewable Energy, a leading global renewable energy developer and an independent power producer, has reached major development milestones for the CO Bar Complex in Arizona. The CO Bar Complex, one of the largest projects in the United States, totals approx. 1.2 GW of solar generation and 4.0 GWh of energy storage. -
03 Feb 26
Italy: Eni and Q8 partner for the construction of the Priolo biorefinery
Eni and Q8 Italy have announced a major strategic investment in the ongoing project for the construction of a new biorefinery in Priolo, Sicily. The biorefinery will have a capacity of 500,000 tonnes per year and will offer extensive operational flexibility for the production of Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF-Biojet). -
03 Feb 26
Germany: Fugro awarded geotechnical survey contract for TotalEnergies’ NSE 1 offshore wind farm development
Fugro has been awarded a contract to perform comprehensive geotechnical surveys for the NordSee Energies 1 offshore wind farm, a major renewable energy project being developed by TotalEnergies on the North Sea N-12.1 site. -
03 Feb 26
Germany: Scatec JV reaches financial close for 80 MW BESS in the Philippines and prepares for construction start
SN Aboitiz Power (SNAP), Scatec ASA’s joint venture with Aboitiz Renewables, the renewable energy arm of Aboitiz Power Corporation in the Philippines, has reached financial close and prepares for construction start of the 40 MW Binga (phase 2) and 40 MW Ambuklao battery energy storage systems (BESS).
