Latest News
-
16 Oct 25
Brazil: Production started from Bacalhau, Equinor’s largest international field
On 15 October, Equinor and its partners ExxonMobil Brasil, Petrogal Brasil (JV Galp|Sinopec) and Pré-sal Petróleo SA (PPSA) achieved start-up of production from the large Bacalhau field in Brazil. With recoverable reserves exceeding 1 billion barrels of oil equivalent (boe), Bacalhau is the largest international offshore field ever developed by Equinor. -
16 Oct 25
UK: National Grid invites local feedback on plans to power millions of homes and businesses with cleaner energy from more affordable sources
National Grid has launched a public consultation on early plans for the Cross Border Connection, part of The Great Grid Upgrade, the biggest investment in the UK’s electricity network for generations. The project will help carry cleaner, home-grown energy from more affordable sources between Scotland and the north of England, and will support rising electricity demand. -
16 Oct 25
India: ABL secures rig moving contract with ONGC
ABL has been appointed through United India Insurance (UIIC) to oversee India’s Oil and Natural Gas Corporation Limited’s (ONGC) rig moves between September 2025 and May 2026. Under the contract, ABL will act as marine warranty surveyor for an anticipated 25 ONGC rig moves. -
16 Oct 25
Santos announces 2025 third quarter report
Santos Managing Director and Chief Executive Officer Kevin Gallagher said the strong performance of the base business highlights the resilience and strength of our diversified portfolio as Santos transitions from a period of high capital intensity to one that will deliver stronger returns for our shareholders. -
16 Oct 25
Norway reports high production and large revenues from the petroleum industry
The state's net cash flow from petroleum activities is estimated to be 664 billion NOK in 2025. The estimate for 2026 is approximately 521 billion NOK. -
16 Oct 25
UK: More than 100 UK energy supply chain companies call for Energy Profits Levy reform
Offshore Energies UK (OEUK) has issued a warning to the Government: Without a permanent replacement for the temporary Energy Profits Levy (EPL), the nation risks losing thousands more jobs, billions in investment, and critical supply chain capability essential for the UK’s energy security and transition. -
16 Oct 25
UK: Inch Cape’s first XXL monopiles land in Port of Leith
The first shipment of XXL monopile foundations for Inch Cape Offshore Wind Farm has arrived in the Port of Leith marking the start of a new phase of offshore construction for the project and a new era for the recently completed Forth Ports’ renewables hub. -
16 Oct 25
Australia: Tamboran successfully completes largest Beetaloo Basin drilling program
Tamboran Resources has successfully completed the 2025 Shenandoah South drilling program, the largest program ever conducted in the Beetaloo Basin. -
16 Oct 25
Prosafe SE announces operational update - September 2025
Prosafe, a leading owner and operator of semi-submersible accommodation vessels, has announced an operational update for September 2025. Fleet utilisation for September 2025 was 100% and utilisation for the third quarter of 2025 was 86%. -
15 Oct 25
UK: David Whitehouse, CEO OEUK comments on joining the Great British Energy’s expert taskforce
Great British Energy has launched an expert Energy Taskforce, bringing together business, industry, and academic leaders to help accelerate the UK’s energy transition and ensure it is delivered fairly and effectively. The first regional group, the Aberdeen Energy Taskforce, was announced recently to focus on harnessing the North east of Scotland’s world-class energy expertise. -
15 Oct 25
UK: New milestone in the development of UK carbon storage capacity
The UK is making significant strides on the path to becoming a global leader in carbon capture and storage with the successful drilling of the UK’s first carbon storage appraisal well. OEUK says this new well in the decommissioned Hewett gas field off Bacton on the coast of North Norfolk, will help to demonstrate the viability of UK carbon stores as a way of accelerating the path to net zero greenhouse gas emissions. -
15 Oct 25
Azerbaijan: Shah Deniz awards three new contracts for compression project
The Shah Deniz consortium has announced the award of three major offshore contracts to advance the Shah Deniz Compression (SDC) project. The contracts, with a combined value of approx. $700 million, have been awarded to the Saipem/BOS Shelf joint venture. -
15 Oct 25
UK: Miliband doubles down on green goals despite energy bills rise
Ed Miliband has doubled down on his position that clean power is 'the best way' to bring down energy bills in the face of opposition from rival parties. -
15 Oct 25
UK: Huge blow for Putin’s war machine as UK sanctions Russian oil
Russia’s largest oil companies and global businesses propping up Putin’s illegal war have been hit by fresh sanctions as the UK moves to increase pressure on Kremlin revenues. -
15 Oct 25
Germany: RWE successfully pioneers cargo drone operations at offshore wind farms
RWE has achieved a significant milestone in advancing offshore wind logistics. For the first time in German offshore airspace, long-range autonomous and short-distance cargo drones have been successfully pioneered in the daily operations of offshore wind farms. -
15 Oct 25
Brazil: Petrobras awards Halliburton deepwater contracts for completion and stimulation services in Brazil
Halliburton has announced that Petrobras awarded multiple contracts to provide vessel stimulation, intelligent completions, and safety valves in Brazil's deepwater fields after a competitive process. -
15 Oct 25
Iraq: Dana Gas and Crescent Petroleum boost Khor Mor gas capacity by 50% with early completion of KM250 Project
Dana Gas, the Middle East’s leading private sector and publicly-listed natural gas company, and Crescent Petroleum, the region’s oldest private upstream oil and gas company, have announced the start of commercial gas sales from the KM250 gas expansion project ('KM250') at the Khor Mor facility in the Kurdistan Region of Iraq.
