Latest News
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02 Nov 26
Valaris reports Q3 2026 results
Valaris has reported third quarter 2026 results. The Company reports: Total operating revenues of $594 million and net income of $47 million. Adjusted EBITDA of $151 million, which includes approximately $24 million of negative impacts from the Middle East conflicts, and Revenue efficiency of 97% during the quarter and 98% year to date. -
02 Nov 26
Italy: RWE commissions 47.2 megawatt wind farm in Italy
Less than one year after construction start, RWE has commissioned its Serra Palino onshore wind farm in the Apulia region of southern Italy. With a total installed capacity of 47.2 megawatts (MW), the wind farm comprises eight wind turbines of 5.9 MW each and is capable of generating enough green electricity to supply approximately 40,000 Italian households. -
02 Nov 26
Netherlands: Van Oord and Vestas complete Ecowende installation
The last of the 52 wind turbines at the Ecowende offshore wind farm was installed on October 30th 2026. The turbine stands approximately 53 kilometres off the coast of IJmuiden, in the Hollandse Kust (west) wind farm zone, Lot VI. With this milestone, Ecowende enters the final phase of construction. The wind farm is expected to be operational by the end of 2026. -
02 Nov 26
TotalEnergies Energy Outlook 2026
As a contribution to the public debate on the energy transition, TotalEnergies publishes the 8th edition of its 'TotalEnergies Energy Outlook', which presents an overview of the energy system as well as scenarios for its evolution through 2060. -
02 Nov 26
Norway: BW Offshore: 50% owned joint venture awarded NOK 1.94 billion Enova grant for floating offshore wind project
BW Offshore has announced that Fram Wind Solutions AS, a joint venture between BW Offshore, Grieg Kapital and Fram Green Technology, has received formal confirmation of a NOK 1.94 billion grant from Enova. The grant supports a project based on two 18.5 MW floating wind turbines, the largest in the world, with a combined capacity of 37 MW, using BW Ideol’s patented Damping Pool floating foundation. -
02 Nov 26
Norway: Subsea7 awarded contract offshore Norway
Subsea7 has announced the award of a substantial contract by Aker BP for the Lyra field development project, formerly known as Kjøttkake, located in the northern part of the North Sea, approx. 44 kms from the Gjøa platform offshore Norway. The Lyra field development will be tied back to the existing Gjøa platform through the NOVA field infrastructure. -
02 Nov 26
Eni publishes the 25th edition of the World Energy Review
The 25th edition of the World Energy Review (WER) is now available on eni.com. With this new comprehensive edition covering 2025 data, Eni renews its commitment to providing a clear and practical perspective on global energy dynamics. -
02 Nov 26
UK: bp has completed the sale of a 65% stake in Castrol to Stonepeak
bp has completed the sale of a 65% stake in Castrol to Stonepeak. bp is using the $6 billion in after-tax proceeds to further reduce financial obligations, in line with its first priority of strengthening the balance sheet. Castrol will now operate as a standalone company with its own management, governance and strategic priorities, and bp will retain a 35% stake. -
02 Nov 26
Norway: Aker BP and partner Equinor drill dry appraisal well in the North Sea (15/6-18 S)
Aker BP and its partner Equinor have drilled appraisal well 15/6-18 S on the 15/6-10 'Freke' discovery, which was made in 2009. The well did not prove additional volumes, and the resource estimate for 'Freke' therefore remains unchanged. The licensees will now evaluate the discovery and clarify the commercial potential. -
02 Nov 26
UK: BW ESS announces commercial operations of Hams Hall Battery Energy Storage System
Global energy storage owner-operator BW ESS has announced the start of commercial operations for the first phase of its Hams Hall battery energy storage system (BESS) in the West Midlands. The milestone, achieved last week, brings 350 MW / 1,243 MWh of storage capacity into commercial operation; the largest BESS by storage capacity (MWh) in Europe and a significant step forward in the delivery of infrastructure supporting the UK’s transition to a cleaner, more resilient energy system. -
02 Nov 26
Malaysia: TotalEnergies signs agreements to acquire operated interest in two major offshore gas fields
TotalEnergies has announced the signing of agreements with PETRONAS Carigali Sdn Bhd (PCSB), PTTEP and KUFPEC to acquire a 30% operated interest in the Lang Lebah and B14 gas fields, located off the coast of Sarawak, Malaysia. -
02 Nov 26
UK: Kistos announces acquisition of a 30% interest in the Abbey and Baker gas developments, UK Southern North Sea
Kistos, an independent energy company focused on unlocking value within its existing portfolio and through value-accretive M&A, has announced that its wholly-owned subsidiary, Kistos Energy Limited, has entered into a binding farmout agreement with Petrogas North Sea to acquire a 30% non-operated working interest in the UK Seaward Production Licences containing the Abbey and Baker gas fields, together with a 30% interest in the associated infrastructure. -
02 Nov 26
UK: Serica Energy secures rig for multi-well UKCS drilling programme
Serica Energy has signed a contract for an Odfjell Drilling operated rig the Beacon Pacific, to execute a multi-well UK Continental Shelf drilling campaign targeting high-return, near-field opportunities across Serica’s portfolio. -
02 Nov 26
US/Tanzania: Helium One Global announces operational 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, notes the Blue Star Helium announcement issued on Friday 30th October regarding the Galactica-Pegasus Project. The Company also provides an update on the Southern Rukwa Project, Tanzania. -
02 Nov 26
Kazakhstan: Samga Petroleum expands seismic node fleet following seven game-changing projects in Kazakhstan
Samga expands seismic node fleet following seven game-changing projects in Kazakhstan. The investment brings Samga’s fleet to 35,000 STRYDE nodes and adds a second Nimble System, enabling larger high-density surveys, parallel project delivery and faster turnaround for exploration clients. -
02 Nov 26
Gabon: Borr Drilling provides an update on the Prospector 5 incident offshore Gabon
Borr Drilling has provided an update on the Prospector 5 incident offshore Gabon, first announced by the Company on October 25, 2026. The Company has engaged a globally recognized classification society with extensive experience in offshore and maritime incident investigations to conduct an independent investigation into the incident. -
02 Nov 26
China: CNOOC Limited brings on-stream 9 new projects in the first three quarters of 2026 - Production continues to hit new highs
CNOOC Limited today announced its operating results for the third quarter of 2026. In the first three quarters, the Company achieved a net production of 593.7 million barrels of oil equivalent ('BOE'), an increase of 2.7% year-on-year ('YoY'), hitting a historic high for the same period.
