Latest News
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18 Mar 26
Malaysia/Indonesia: Eni unveils the name of its new joint venture: SEARAH, a name declaring an aligned aspiration
Eni has unveiled SEARAH as the name of its new jointly business combination, established to bring together selected upstream assets and capabilities in Malaysia and Indonesia, strengthening regional energy security and long-term value creation. -
18 Mar 26
Colombia: Petrobras confirms new gas discovery in Colombia
Petrobras has announced a new gas accumulation discovery in the Copoazu-1 exploratory well, in Block GUA-OFF-0, located in deep waters off Colombia. -
18 Mar 26
UK: Katoni Engineering awarded three-year integrated EPC contract by Bumi Armada for North Sea asset
Katoni Engineering has been awarded a three-year contract by BUMI Armada to deliver integrated Engineering, Procurement and Construction services for the Armada Kraken FPSO in the UK North Sea. -
18 Mar 26
OEUK CEO David Whitehouse on energy security in an increasingly volatile world
OEUK's CEO David Whitehouse features in The Times on the current situation in the Middle East and at home. Conflict in the Middle East has highlighted again the growing challenge of where and how we get our energy. There are inescapable real-world consequences for our security of supply. Conflict in the Middle East has highlighted again the growing challenge of where and how we get our energy. There are inescapable real-world consequences for our security of supply. -
18 Mar 26
Norway: New oil discovery strengthens the development of Johan Castberg
Equinor has made an oil discovery that will be tied into the Johan Castberg field in the Barents Sea. The discovery was made in the 'Polynya Tubåen' prospect (7220/7-5). The well was drilled by the COSL Prospector rig. The preliminary volume estimate is between 14 and 24 million barrels of recoverable oil equivalents. -
18 Mar 26
Namibia: Sintana Energy granted PEL87 externsion, offshore Namibia
Sintana Energy has provided an update regarding Petroleum Exploration License 87 ('PEL 87') which governs blocks 2713A and 2713B located in the Orange Basin offshore in the Republic of Namibia. Pancontinental Energy, the JV partner and operator of PEL 87, has received notification from the Namibian Ministry of Industry, Mines and Energy (MIME) that Pancontinental's application to extend the current First Renewal Exploration Period of PEL 87 by 12 months, to January 22 2027, has been approved. -
18 Mar 26
Valeura Energy reports financial and operating results for the three month period and Y/E 31 December 2025
Valeura Energy has reported its financial and operating results for the three month period and year ended 31 December 2025. -
18 Mar 26
Indonesia: Eni moves forward with major deep water gas hubs in Indonesia with dual FIDs
Eni has taken the Final Investment Decisions (FIDs) for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub), only 18 months after the approval of the Projects of Development (PODs) in 2024. The milestone confirms the fast pace of development of Eni’s deep-water gas projects offshore East Kalimantan. -
18 Mar 26
Liz Westcott appointed Woodside CEO
The Board of Woodside Energy has appointed Elizabeth (Liz) Westcott as Chief Executive Officer and Managing Director. Ms Westcott, who has served as Woodside Acting CEO since the departure of Meg O’Neill in December 2025, has a proven track record of outstanding leadership and achievement across more than 30 years in the global energy industry. -
18 Mar 26
Ithaca Energy announces full year 2025 results - A year of strong strategic and operational execution
Ithaca Energy, a leading UK independent production and growth company, has announced its audited full year results for the year ended 31 December 2025. The Company delivered another year of excellent operational and financial performance in 2025. Acquisitions in Seagull and Cygnus contributed accretive growth, which along with organic investment in the period, achieved an exit rate of 148 kboe/d and allowed Ithaca to enter 2026 with significantly increased production capacity. -
18 Mar 26
Genel Energy announces audited results for the year ended 31 December 2025
Genel Energy has announced its audited results for the year ended 31 December 2025. -
18 Mar 26
Denmark: BlueNord publishes 2025 Annual Statement of Reserves and Resources
BlueNord has published its 2025 Annual Statement of Reserves and Resources. As of 31 December 2025, the Company's net Proven and Probable ('2P') Reserves were 172.4 MMboe. In addition, the Company has net Contingent Resources ('2C') associated with near-term projects of 22.6 MMboe. -
18 Mar 26
China: SLB OneSubsea awarded EPC contract by CNOOC
SLB OneSubsea has been awarded an EPC contract by China National Offshore Oil Corporation (CNOOC) for the deepwater Kaiping 18-1 field development in the South China Sea. -
18 Mar 26
Brazil: Petrobras to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin
Petrobras, as a partner and operator of the Tartaruga Verde and Espadarte – Module III fields, located in the Campos Basin, has expressed its right of first refusal to acquire from Petronas its 50% stake in the assets. After the completion of the transaction, Petrobras will once again hold 100% ownership of the assets, remaining as operator. -
17 Mar 26
Guyana: ExxonMobil and Halliburton achieve world’s first fully closed-loop automated geological well placement in Guyana
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana. -
17 Mar 26
Italy: Zelestra secures 1.5 TWh under Italy’s Energy Release 2.0, supporting new solar capacity
Zelestra, a global, multi-technology, customer-focused renewable energy company, has signed bilateral contracts under Italy’s Energy Release 2.0 mechanism for a total volume of 1.5 TWh, reinforcing its position as a key renewable energy partner to Italian industry.
