Latest News
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29 Jan 26
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29 Jan 26
Georgia: Block Energy announces extension of its existing secured loan facility and related party transactions
Block Energy, the production and development company focused on Georgia, has announced an extension to the Term of its existing $2.0 million senior secured loan facility and related transactions. -
29 Jan 26Gran Tierra Energy reports seventh consecutive year of South American reserves growth
Gran Tierra Energy, an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador, has announced the Company’s 2025 year-end reserves and specified resources. -
29 Jan 26India: Cairn Oil & Gas announces gas discovery in Ambe - first DSF block to be monetised on the West Coast
Cairn Oil & Gas, part of Vedanta, and India’s largest private oil and gas exploration and production company, has notified the DGH and Ministry of Petroleum and Natural Gas of a gas discovery in its appraisal well Ambe-2A on the West Coast. -
29 Jan 26Noble Corporation completes the sale of five jackup rigs to Borr Drilling
Noble Corporation has completed the sale of five jackup rigs to Borr Drilling for $360 million. The Company generated approx, $210 million in cash plus $150 million in seller notes from the sale of the Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient and Noble Resolute. -
28 Jan 26
Colombia: GeoPark renews offtake agreement with Vitol in Colombia
GeoPark, a leading independent energy company with over 20 years of successful operations across Latin America, has announced the renewal of its offtake and prepayment agreement with Vitol, extending the term and expanding the scope of collaboration across the Llanos basin in Colombia. -
28 Jan 26
High-impact wells: Africa will continue to drive global drilling activity in 2026
According to the latest research from Rystad Energy, Africa is set to continue leading global drilling activity, accounting for around 40% of planned high-impact exploration wells, driven largely along the Atlantic margin, with exploration expected to focus on the Orange Basin in Southern Africa and the Gulf of Guinea in West Africa, reinforcing the region’s role in global high-impact drilling. -
28 Jan 26
Borr Drilling completes acquisition of five premium jack-up rigs
Borr Drilling has completed its previously announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million. -
28 Jan 26
US: Buccaneer Energy completes a reserve valuation update in connection with its credit facility with WAFD Bank
AIM-listed Buccaneer Energy, the international oil & gas exploration and production company with a portfolio of production and development assets in Texas, USA, has completed a reserve valuation update in connection with its credit facility with WAFD Bank, formerly Washington Federal Savings and Loan. -
28 Jan 26
Oman: SLB awarded multi-year contracts to support Oman’s energy development
SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV). -
28 Jan 26
UK: Government saves 300 jobs on the Isle of Wight
Government intervention alongside investment from Vestas has saved over 300 jobs at their Isle of Wight factory, securing its future as the UK’s only dedicated onshore wind blade plant. -
28 Jan 26
Norway: OKEA and partners discover petroleum in the 'Knockando Fensfjord' prospect in the North Sea
OKEA and its partners have discovered petroleum in the 'Knockando Fensfjord' prospect in the North Sea. Wellbore 31/4-A-15 D started producing from the 31/4-A-1 B ('Talisker') discovery on 11 January 2026. The licensees are now considering opportunities for developing 'Knockando Fensfjord'. -
28 Jan 26
UK: The Jobs Foundation publishes new report on the ‘Cliff Edge’ of the energy transition
This latest report looks at both the effect of government policy on the energy sector, as well as the ramifications that has had on jobs and on communities – with the community in this case being the city of Aberdeen. -
28 Jan 26
UK’s clean energy pact with European neighbours will boost energy security and reduce bills
RenewableUK’s Deputy Chief Executive Jane Cooper comments on the clean energy security pact made by the UK Government and other European countries at the North Sea Summit in Hamburg, which will deliver major new offshore wind projects in shared waters. -
28 Jan 26
Italy: Prospex Energy provides update on the Selva Malvezzi production concession
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy following the publication by Po Valley Energy of its Q4-2025 activity report for the period ending 31 December 2025.
