Latest News
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31 Oct 25
UK: OEUK prepares offshore workforce for new safety policy in 2026
OEUK is raising awareness of a new safety policy that has been developed by industry in response to concerns highlighted by the Maritime and Coastguard Agency (MCA) regarding the limitations of Search and Rescue winching systems. These systems, critical for the rescue of offshore personnel, are designed to safely lift individuals weighing under 124kg (over 19 stone). -
31 Oct 25
Netherlands/Germany: L&T secures a key role in TenneT’s landmark Offshore Wind Programme
Larsen & Toubro (L&T) has achieved a major milestone in its Offshore Wind Business by securing a critical role in the prestigious High Voltage Direct Current (HVDC) offshore wind programme of TenneT, the Dutch German transmission system operator. -
31 Oct 25
Norway: Pandion Energy completes divestment in the Valhall and Hod fields, and the Slagugle and Mistral discoveries
Pandion Energy has completed the previously announced agreement to sell its participating interests in three assets, comprising seven production licenses on the Norwegian Continental Shelf (NCS), to INPEX Idemitsu Norge. -
31 Oct 25
Norway: Northern Ocean announces contract extension for Deepsea Bollsta
Northern Ocean has announced an extension of the contract for Deepsea Bollsta with Equinor for drilling on Johan Sverdrup. In continuation of the initial 2 years firm term, the contract has now been extended by 5 months in order to complete an 8 well program for the Johan Sverdrup Unit. -
31 Oct 25
ExxonMobil announces third-quarter 2025 results
Exxon Mobil Corporation on Oct 31 announced third-quarter 2025 earnings of $7.5 billion, or $1.76 per share assuming dilution. Cash flow from operating activities was $14.8 billion and free cash flow was $6.3 billion. Shareholder distributions totaled $9.4 billion, including $4.2 billion of dividends and $5.1 billion of share repurchases, consistent with the company's announced plans. -
31 Oct 25
UK: Simply Blue Group welcomes strategic investment from Kansai Electric to accelerate offshore wind expansion
Simply Blue Group, a leading developer of renewable energy projects, has announced that Kansai Electric Power Co., Inc. ('KEPCO') has signed a Share Subscription Agreement with Simply Blue Group’s offshore wind development arm. This strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer. -
31 Oct 25
Australia: Georgina Energy announces Hussar EP513 drilling approval
Georgina Energy has received formal approval from the Western Australian Department of Mining, Petroleum and Exploration ('DMPE') to drill the Hussar Prospect in EP513. The drilling approval allows Georgina Energy to extract Helium, Hydrogen and Natural Gas from the Hussar Prospect. -
31 Oct 25
Italy: Prospex Energy provides Selva Malvezzi Production Concession Q3 2025 Activity Report
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy following the publication by Po Valley Energy of its Q3-2025 activity report. -
31 Oct 25
Spain: Prospex Energy confirms plateau production rates at the Viura field
Prospex Energy, the AIM quoted investing company focused on European gas and power projects, has confirmed that gas production from the Viura-1B well in the Viura gas field in northern Spain has reached the planned plateau rate of 180,000 normal cubic metres per day. -
31 Oct 25
Octopus Renewables Infrastructure Trust announces sale of stake in Simply Blue's offshore wind platform
Octopus Renewables Infrastructure Trust has announced that investee company, Simply Blue Holdings, has signed a Share Subscription Agreement with Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply Blue Energy OSW Ltd ('SBE OSW'), Simply Blue Group's offshore wind development arm. -
31 Oct 25
Namibia: BW Energy provides update on Kudu appraisal well
BW Energy has provided an update on the Kharas-1 appraisal well, which has reached total depth and drilled multiple formations present across the Kudu license. Preliminary results are encouraging. Several intervals show indications of hydrocarbon presence and reservoir potential, suggesting a working petroleum system at Kharas. -
31 Oct 25
US: Helium One Global announces Galactica development update
AIM-listed 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 following the Blue Star Helium announcement issued today regarding the Galactica Project. Construction has commenced on the production facility pad and gathering system and first helium production is on schedule for December 2025. -
31 Oct 25
Colombia/Ecuador: Gran Tierra Energy reports Q3 2025 results and announces further exploration success in Ecuador
Gran Tierra Energy has announced the Company’s financial and operating results for the quarter ended September 30, 2025 and provided an operational update. Three major Ecuador discoveries add to the existing success in Country. Colombia’s Southern Putumayo Cohembi Field achieves highest production in a decade. -
31 Oct 25
Aker Solutions announces third-quarter results 2025
Aker Solutions has delivered strong growth and solid margins in the third quarter of 2025. Several milestones have been met on the project portfolio in the period. The company now expects revenues in 2025 to exceed NOK 60 billion. -
31 Oct 25
Malaysia: SLB OneSubsea secures EPC contracts from PTTEP for two deepwater projects offshore Malaysia
SLB has announced the award of two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) to its OneSubsea™ joint venture. The contracts build on a 20-year collaboration between the two companies and cover the expansion of two fields offshore Malaysia. -
30 Oct 25
Valaris reports third quarter 2025 results
Valaris has reported third quarter 2025 results. Net income of $187 million compared to $114 million in the second quarter 2025. Net income included a gain on sale of assets of $90 million compared to $1 million in the second quarter. Adjusted EBITDA of $163 million compared to $201 million in the second quarter. -
30 Oct 25
Greenland: Independent Petroleum Reserves and Resources Evaluation identifies 13 billion barrel potential at Jameson Land Basin, Greenland
80 Mile PLC, the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, notes the recent announcement as of October 28th, by its US joint venture partner, March GL Company and Pelican, regarding the results of an independent assessment and prospective resources report prepared by Sproule ERCE confirming the world-class potential of the Jameson Land Basin, located in Eastern Greenland. -
30 Oct 25
Chariot and ACWA Power to explore creation of Southern African sustainable energy platform
AIM-listed Chariot, the Africa focused energy company, has signed a Memorandum of Understanding (MoU) with ACWA Power, one of the world’s largest renewable energy companies, to explore the creation of a southern African sustainable energy business. -
30 Oct 25
GeoPark Board confirms rejection of unsolicited acquisition proposal from Parex Resources
GeoPark has confirmed its Board of Directors has reviewed and unanimously rejected an unsolicited, non-binding proposal from Parex Resources to acquire GeoPark in an all-cash transaction for $9.00 per share, received on September 4, 2025, prior to the announcement of GeoPark’s transformative acquisition in Vaca Muerta. -
30 Oct 25
Brazil: bp progresses plans for the significant Bumerangue discovery, offshore Brazil
bp has provided an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil. The discovery marks bp’s largest in 25 years, reinforcing the company’s commitment to growing its upstream portfolio and establishing a material, advantaged production hub in Brazil. -
30 Oct 25
Equatorial Guinea: Unlocking Equatorial Guinea's Offshore Potential
Searcher, a leading provider of global geoscience data solutions, has announced the launch of a major seismic reprocessing initiative covering 8,500 km of offshore data in Equatorial Guinea. The project aims to deliver the highest-resolution imaging of the country’s offshore basins ahead of the EG Ronda 2026 licensing round, with fast-track results available immediately and final deliverables scheduled for release before the round opens in April 2026. -
30 Oct 25
Trinidad: EnerMech secures pre-commissioning campaign for Manatee gas development in Trinidad & Tobago
EnerMech has been awarded a pipeline pre-commissioning contract by McDermott in support of Shell Trinidad and Tobago’s Manatee gas development. The Company will deliver critical services across a 115km, 32-inch offshore pipeline. -
30 Oct 25
UK: Kanadevia Inova acquires Wardley and Lower Drayton biogas plants to expand renewable gas portfolio
Kanadevia Inova, a global leader in solutions for the energy transition and circular economy, has announced the successful acquisition of the Wardley Biogas and Lower Drayton biogas plants in the UK. -
30 Oct 25
Vattenfall reports positive earnings development on the path towards fossil freedom - interim report January-September 2025
During the first nine months of the year, Vattenfall has taken decisive steps in both wind and nuclear power to enable new fossil-free electricity production. The underlying operating profit increased, mainly due to improved development of price hedging on the continent and improved results from the trading and nuclear power operations. -
30 Oct 25
Statkraft divests assets for NOK 13.5 billion in the third quarter
Statkraft’s results in the third quarter of 2025 decreased despite higher production. The results were impacted by low prices in Northern Norway, reduced contribution from Markets, and negative hedging effects. Statkraft signed agreements to sell assets for around NOK 13.5 billion in the third quarter, executing on the refocused strategy and freeing up capital for continued growth. -
30 Oct 25
Shell announces Q3 2025 results
Shell has announced its Q3 2025 results. Shell delivered another strong set of results, with clear progress across its portfolio and excellent performance in its Marketing business and deepwater assets in the Gulf of America and Brazil. Despite continued volatility, the strong delivery this quarter enables the Company to commence another $3.5 billion of buybacks for the next three months. -
30 Oct 25
Getech Group announces multiple contract wins
Getech, a world-leading locator of subsurface resources, has announced a recent period of strong trading, signing twelve contracts over the last month for its products and services. -
30 Oct 25
Scatec third quarter 2025: Accelerating growth and continuing to deleverage
In the third quarter, Scatec continued to progress on its strategy, reinforcing its position as a leading provider of renewable energy in high-growth markets. Proportionate revenues increased by 22% to NOK 2,953 million (2,416 million), and EBITDA came in at NOK 1,063 million (1,520 million), with the third quarter last year affected by divestments gains and a catch-up payment in the Philippines. -
30 Oct 25
Portugal: OWC and Hidromod engaged for Portuguese wind farm areas
The Portuguese Institute for Sea and Atmosphere (IPMA) has appointed ABL Group company OWC and Hidromod to support the geophysical and geotechnical surveys at two wind farm areas offshore Portugal.
