Latest News
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26 May 26
Australia: RWE’s Theodore Wind Farm awarded Capacity Investment Scheme contract
The Australian government has announced the results of the Capacity Investment Scheme (CIS) Tender 7 for renewables. RWE secured a CIS contract for its 1.1-gigawatt (GW) Theodore onshore wind project, located in Central Queensland. The CIS underwrites the project with a set revenue floor and ceiling. The total investment volume to realise Theodore onshore wind farm amounts to AU$3 billion. -
26 May 26
Australia: Beach unlocks value through Otway optimisation
Beach Energy has entered into an agreement to sell its 60% operated interest in VIC/L35, including the Artisan gas discovery, to Amplitude Energy (50%) and O.G. Otway (10%). The Transaction delivers cash proceeds at completion, retains economic exposure to future production through a royalty, and improves capital allocation flexibility across Beach’s growth portfolio. -
26 May 26
Uzbekistan: Condor achieves new production record exceeding 15,000 BOE/D with K-47 tie in
Condor Energies, a Canadian based, internationally focused energy transition company with active Central Asian operations has provided an operational update on its Uzbekistan project. Condor has achieved another corporate milestone by reaching 15,283 boe/d average daily production over the past 72 hours due to the recently drilled Kumli-47 horizontal well ('K-47') starting production. -
26 May 26
Cote d'Ivoire: Eni and partners approve investment for Baleine Phase 3 in Côte d’Ivoire
Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project, marking a significant milestone in the development of the largest hydrocarbon discovery ever made in the country. The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200 million cubic feet per day. -
26 May 26
US: BLM seeks input for September 2026 sale of oil and gas leases in Utah
The Bureau of Land Management has opened a 30-day public comment period to receive public input on plans to include 35 oil and gas parcels totaling 34,596 acres in Utah in a September 2026 sale. The comment period ends June 22, 2026. -
26 May 26
US: BLM seeks initial input for November 2026 sale of oil and gas leases in Kansas, New Mexico, Oklahoma, and Texas
The Bureau of Land Management has opened a 30-day public scoping period to receive public input on 53 oil and gas parcels totaling 13,453 acres that may be included in a November 2026 lease sale in Kansas, New Mexico, Oklahoma and Texas. The scoping period ends June 22, 2026. -
26 May 26
Unity strengthens market position with major decommissioning wins, supporting ongoing international expansion
Aberdeen-based Unity has accelerated its global growth trajectory following a record period, securing more than £6 million in new contracts and committing £1.8 million to enhance its specialist technology portfolio. -
26 May 26
UK: Reeves launches fresh oil and gas tax raid to fund support package
Chancellor Rachel Reeves has announced a fresh tax raid on oil and gas companies, scrapping rules that allowed firms to offset UK trading profits against losses made by overseas subsidiaries. -
26 May 26
Australia: Comet Ridge announces update on acquisition of Mahalo Gas Project
Comet Ridge has updated the market on its agreement for the acquisition of Santos QNT Pty Ltd’s 42.86% interest in the Mahalo Gas Project1 (MGP) announced 17 December 2025. -
26 May 26
Norway: Subsea 7 announces award of a substantial contract by Vår Energi for the Goliat Gas Export Project
Subsea 7 has announced the award of a substantial contract by Vår Energi for the Goliat Gas Export Project, located in the Barents Sea, offshore Norway.
