Latest News
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22 Sep 25
Fugro withdraws financial guidance for 2025
Fugro has announced an update to its financial guidance for 2025, following significant changes in market conditions in recent weeks. While the Company still expects the second half of 2025 to show a notable improvement compared to the first half, the previously anticipated 20% revenue growth is no longer realistic. -
22 Sep 25
OEG delivers strong first-half 2025 performance, on track to achieve $1bn revenue by 2030
OEG, a leading global offshore energy solutions business, has delivered a strong first half in 2025, underpinned by a series of landmark contract wins and strategic growth initiatives. The company reported total H1 2025 revenue of $267 million, reflecting robust performance across its complementary divisions, expansion into key markets, and an enhanced service offering. -
22 Sep 25
Peru: PetroTal provides Bretana operations update
PetroTal has provided an operational update on its Bretaña Norte oil field in Peru’s Block 95, where output has been temporarily impacted by technical issues, with four wells currently shut-in due to leaks in production tubing. -
22 Sep 25
UK: Petrofac continues its relationship with Ithaca Energy in the UK North Sea
Petrofac, a leading provider of services to the global energy industry, has extended its work in the UK’s North Sea with a two-year, US$50 million contract renewal from Ithaca Energy. The scope extends across Ithaca Energy’s North Sea operated asset base, which includes Alba, Captain, Erskine and FPF-1. -
22 Sep 25
Peru: Westlawn acquires interest in the Z-61, Z-62, and Z-63 blocks offshore Peru in farmout deal with Chevron
Westlawn Americas Offshore (WAO), a portfolio company of the Westlawn Group, has announced the completion of a transaction in which it has acquired a 30% non-operated working interest in the Z-61, Z-62, and Z-63 blocks offshore Peru. The working interest was acquired pursuant to the Farmout Agreement signed previously between WAO’s affiliate Westlawn Peru and Anadarko Peru, a subsidiary of Occidental Petroleum Corporation. -
22 Sep 25
UK: Back Britain’s energy terminals or risk industrial contagion
Britain’s homegrown oil and gas comes ashore via eleven terminals that are the backbone of its energy system. A new Westwood Energy report commissioned by OEUK shows the real-world impact on these hubs of stalling investment in domestic oil and gas. It shows the volumes UK terminals are handling have declined by almost 40% since 2020, and without urgent reform of government policies will halve again by 2030. -
22 Sep 25
US: Mosman Oil and Gas receives bonding approval for Sagebrush and Coyote Wash projects
AIM-listed Mosman Oil and Gas, advancing helium, hydrogen and hydrocarbon projects in the USA, has received approval from the Ute Mountain Ute Tribal Council for the Company's $150,000 bond, a prerequisite step to becoming an operator on Tribal land in Colorado. -
22 Sep 25
Australia: Barossa LNG FPSO receives first gas following RFSU
Santos has announced that the BW Opal FPSO has successfully received first gas into the facility to commence production operations. This follows the BW Opal achieving ready for start-up status on 16 September 2025, and the commencement of flow from the subsea wells. -
22 Sep 25
India: Shearwater awarded large streamer contract in India
Shearwater Geoservices has been awarded a seven vessel-months streamer contract by Oil India Limited commencing in the fourth quarter of 2025. The project covers the Mahanadi and Krishna-Godavari fields. -
22 Sep 25
Prosafe SE announces operational update - August 2025
Prosafe, a leading owner and operator of semi-submersible accommodation vessels, has announced an operational update. -
22 Sep 25
SED Energy Holdings: SeaBird Exploration signs new contract for Eagle Explorer
SED Energy Holdings has announced that its wholly owned subsidiary, SeaBird Exploration, has signed a contract for ocean bottom node (OBN) source work for its vessel, Eagle Explorer, in the Western Hemisphere. -
21 Sep 25
Australia: BW Offshore announces First Gas achieved on the BW Opal FPSO
BW Offshore has announced that the BW Opal FPSO has achieved First Gas on 20 September, after successfully reaching Ready for Start-Up (RFSU) for the Santos operated Barossa LNG project on 16 September, initiating 60% of the contractual dayrate under the charter. -
21 Sep 25
Aukera raises €105 million in oversubscribed second equity round to accelerate 15 GW European renewables pipeline
Aukera, a pan-European renewable energy developer and Independent Power Producer (IPP), has announced the successful closing of an oversubscribed €105 million equity round. This second equity round reflects strong investor confidence in Aukera’s vision, execution and high-quality pipeline of renewable energy projects across Europe.
