Latest News
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24 Oct 25
Egypt: Capricorn announces trading and payment update
Capricorn has announced that it has received $50m from the Egyptian General Petroleum Corporation (EGPC). Capricorn continues to invest in its Egyptian asset base and has fulfilled all exploration commitments on its legacy acreage. -
24 Oct 25
Norway: Vår Energi granted drilling permit for well 25/8-C-23 D in PL 027
The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for well 25/8-C-23 D in production licence 027. -
24 Oct 25
Eni announces results for the third quarter and nine months of 2025
Eni has announced results for the third quarter and nine months of 2025. In the third quarter all the main operational and economic and financial metrics exceeded expectations. Strong production growth to 1.76 mln barrels/day (+6% compared to last year) allows the Company to raise its annual guidance towards 1.72 mln barrels/day. -
24 Oct 25
Eni Confirms UN Gold Standard for methane emissions reporting
Eni has been recognised for its commitment to reporting emissions, which have been rated 'Gold Standard' for the highest levels of data quality by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0). -
24 Oct 25
UK: New poll backs homegrown energy as cost-of-living crisis persists
New polling shows that half of people across the UK – rising to nearly two-thirds in ‘red wall’ constituencies – support continued domestic oil and gas production alongside renewables to reduce energy import dependencies, amid the Net Zero energy transition and ongoing cost-of-living crisis. -
24 Oct 25
Valaris issues Fleet Status Report
Valaris has issued a Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the 'Investors' section of the Company’s website. -
24 Oct 25
Petrofac announces restructuring update
Petrofac confirms it has received notification from TenneT terminating its scope of work on the 2GW programme with immediate effect. Having carefully assessed the impact of TenneT’s decision, the Board has determined that the Restructuring, which had last week reached an advanced stage, is no longer deliverable in its current form -
24 Oct 25
Baker Hughes Company announces third-quarter 2025 results
Baker Hughes has announced third-quarter 2025 results. Orders of $8.2 billion, including $4.1 billion of IET orders. RPO of $35.3 billion, including record IET RPO of $32.1 billion. Revenue of $7.0 billion, up 1% year-over-year. Attributable net income of $609 million. -
23 Oct 25
US: JERA to acquire interest in Haynesville shale gas asset in Louisiana
JERA, a global energy leader and Japan’s largest power generation company, announced that it has - through its subsidiary JERA Americas Inc.- reached agreement with Williams and GEP Haynesville II, LLC to acquire 100% of their respective interests in the South Mansfield upstream asset located in western Louisiana’s Haynesville Shale basin. -
23 Oct 25
US: Interior takes bold steps to expand energy, local control and land access in Alaska
Alaska holds some of the most promising untapped energy resources in the US. The Department of the Interior has issued a new record of decision reopening 1.56 million acres of the Coastal Plain to oil and gas leasing. Additionally, the Bureau of Land Management published a call for nominations to solicit feedback on what tracts should be made available in an oil and gas lease sale within the National Petroleum Reserve in Alaska this coming winter. -
23 Oct 25
UK: First offshore export cable installed at Inch Cape Offshore Wind Farm
The first of Inch Cape Offshore Wind Farm’s two 85-kilometre offshore export cables has been successfully installed off the east coast of Scotland. Inch Cape is owned in a 50/50 equal joint venture by ESB and Red Rock Renewables, and once complete will generate almost 5 terawatt hours (TWh) of energy each year or enough to power half of the homes in Scotland. -
23 Oct 25
UK: EnergyPathways joins the Critical Minerals Association (UK)
AIM-listed EnergyPathways, the UK energy transition company, has joined the Critical Minerals Association (UK) ('CMA'). The membership will support EnergyPathways' engagement with policymakers and industry peers as the Company advances its MESH project and planned production of high-grade synthetic graphite, a material of strategic importance to the UK. -
23 Oct 25
Malaysia: Velesto and ICON Engineering sign agreement to deliver Rig-Installed Wellhead Platforms in Malaysia
Velesto Energy and ICON Engineering have signed an agreement to deliver Rig-Installed Wellhead Platforms (RIWHPs) for offshore oil and gas developments in Malaysia.
