Latest News
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01 May 25
UK: Leading technology accelerator programme prepares to launch nine trailblazers into offshore wind success
Nine ambitious UK companies – potential trailblazers in their field – have won places on the award-winning national Launch Academy technology acceleration programme designed to help innovative companies achieve success in the offshore wind industry. -
01 May 25
Oman: TotalEnergies and OQEP break ground at Marsa LNG
TotalEnergies and OQEP have celebrated the ground-breaking of the Marsa LNG plant, in the port of Sohar, northern Oman, one year after the Final Investment Decision. The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). -
01 May 25
UK: NSTA's Energy Technology Platform goes from strength to strength following hugely successful pilot scheme
User numbers of UK Energy Technology Platform more than treble and technology listings skyrocket in just a few years. The platform supports energy production, emissions reduction and net zero projects. -
01 May 25
Dolphin Drilling pursuing a refinancing plan
Dolphin Drilling has announced that the company is pursuing a refinancing plan. The company has explored several refinancing options and this process is ongoing. -
01 May 25
UK: Ørsted divests 24.5% stake in West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat
Ørsted has completed a farm-down for a 24.5% stake in West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat. The value of the transaction is GBP 456.1 million (approx. DKK 4 billion) on a debt-free basis. Located approximately 14 km off the UK west coast, West of Duddon Sands has been operating since 2014 and has a capacity of 389 MW. -
01 May 25
UK: Essar Energy Transition’s hydrogen-ready furnace now powering EET Fuels’ Stanlow site
EET Fuels (the trading name of Essar Oil (UK) Ltd), which plans to create the world’s leading low carbon process refinery, has successfully completed the installation and connection of its new hydrogen-ready furnace to the refinery system at its Stanlow site in Ellesmere Port, Cheshire. -
01 May 25
Rising business energy demand creates new challenges - and a major opportunity - for providers, says EY research
A surge in business energy demand is reshaping the global energy landscape - and pushing energy providers to rethink how they support growth and deliver value. According to new EY research, two-thirds of businesses are concerned about accessing the reliable energy needed to grow, while 64% say that rising and unstable energy costs are already impacting their profitability and competitiveness. -
01 May 25
GoM: EnerMech wins major LLOG Gulf of Mexico pre-commissioning contract
EnerMech has secured a significant contract from LLOG Exploration Co. for pre-commissioning services at the Salamanca Platform in the Gulf of Mexico. -
01 May 25
UK: ElectroRoute and Low Carbon announce balancing PPAs for 140 MW of UK solar projects
ElectroRoute, a leading energy trading and services company, and Low Carbon, a renewable energy company and the UK’s leading developer of large-scale solar, have announced the signing of four balancing Power Purchase Agreements (PPAs). -
01 May 25
UK: Parkmead completes sale of Parkmead (E&P) to Serica Energy
Further to the announcement on 12 December 2024, Parkmead reports that all conditions relating to the sale of its wholly owned subsidiary, Parkmead (E&P) to Serica Energy (UK) have now been met and that the sale has therefore completed. -
01 May 25
Qatar: QatarEnergy enters into a long-term condensate supply agreement with Shell
QatarEnergy has entered into a long-term condensate supply agreement with the Singapore-based Shell International Eastern Trading Company (SIETCO), a wholly-owned subsidiary of Shell -
30 Apr 25
Valaris reports Q1 2025 results
Valaris has reported first quarter 2025 results. The Company reports total operating revenues of $621 million, with revenue efficiency of 96%; Net loss of $39 million, inclusive of $167 million of discrete tax expense; Adjusted EBITDA of $181 million. -
30 Apr 25
Norway: SLB announces progress with Norwegian Competition Authority on ChampionX acquisition
SLB has announced that it expects to finalize proceedings with the Norwegian Competition Authority (NCA) in connection with the ChampionX acquisition, concluding the NCA’s Phase 2 review. -
30 Apr 25
Wood announces suspension of listing and trading of shares
On 31 March 2025, Wood announced that, given the timing of the conclusion of the independent review commissioned by Wood and the extensive work needed to conclude the audit for the year ended 31 December 2024 ('FY24'), it was expected that the Company would not publish its FY24 accounts by 30 April 2025. Wood thas confirmed that there will be a delay in publishing its FY24 accounts beyond the required deadline of 30 April 2025. -
30 Apr 25
US: SBM Offshore signs installation contract for bp’s Kaskida project in US Gulf
SBM Offshore has signed a contract with BP Exploration and Production Inc (bp) for the wet tow and installation of the Kaskida semi-submersible Floating Production Unit (FPU). The Kaskida field is a greenfield Paleogene development located approx. 250 miles southwest of New Orleans, in the Keathley Canyon area in the deepwater US Gulf.
