Latest News
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15 May 25
UK: SSE welcomes UK offshore wind Capacity Increase Programme
SSE has welcomed the decision by The Crown Estate to proceed with its Capacity Increase Programme to maximise the potential of existing offshore wind lease areas in the UK. -
15 May 25
Canada: Strathcona Resources announces sale of Montney assets for $2.84 billion
Strathcona Resources has entered into definitive agreements to sell substantially all of its Montney assets for approx. $2.84 billion. Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company. -
15 May 25
UK: Eni selects ABB as main automation contractor for one of the UK’s first industrial CCS clusters
ABB has been selected by Eni as the main automation contractor for HyNet, one of the UK’s first industrial decarbonization clusters that forms part of the Government’s Track-1 carbon capture and storage (CCS) commitment. -
15 May 25
Ireland: HitecVision and Reinova Partners launch new Irish renewable energy platform with acquisition of wind portfolio from Greencoat Renewables
HitecVision, a leading European energy investor, and Reinova Partners, a newly established energy transition investment firm, have announced the establishment of a new Irish onshore renewables platform. Lirion Power launches with the signing of an agreement to acquire a portfolio of six operating windfarms totaling 166 MW (net 116 MW) from Greencoat Renewables. -
15 May 25
Africa Oil introduces new brand identity with change of name to Meren Energy
Africa Oil has unveiled its new brand identity with a change of name to Meren Energy. The Company’s rebranding follows the recent completion of the transformative Prime consolidation, doubling reserves and production in high quality offshore assets that benefit from low lifting costs, premium Brent pricing and a favourable fiscal regime. -
15 May 25
Nordex Group awarded with unified global certifications by DNV for quality, health and safety, and environmental performance
The Nordex Group has been awarded with unified global certifications by DNV for the following management systems: Quality (ISO 9001), Occupational health and safety (ISO 45001), and Environmental (ISO 14001). -
15 May 25
Poland: Vestas and LM Wind Power sign deal for blades factory in Poland, strengthening Vestas’ European manufacturing footprint
Vestas and LM Wind Power have announced a deal that will see LM Wind Power’s blade factory in Goleniów near Szczecin, Poland, become part of Vestas’ growing European manufacturing setup. The factory produces blades for Vestas’ onshore wind solutions and will continue to play a key role in meeting Poland’s and the rest of Europe’s growing energy needs. -
15 May 25
Wood extends PUSU deadline for Sidara offer
On 14 April 2025, Wood announced that it had received a holistic non-binding conditional proposal from Sidara, including a Possible Offer to acquire the entire issued and to be issued share capital of the Company. Wood continues to work with Sidara regarding the Possible Offer and has extended the PUSU deadline to 12 June 2025. -
15 May 25
Eni signs exclusivity agreement with Ares Alternative Credit Management for the potential sale of 20% of Plenitude
Eni has signed an agreement to enter into a period of exclusivity with Ares Alternative Credit Management, a globally significant investment fund, aimed at negotiating a definitive agreement and subsequently finalizing the sale of a stake in Plenitude equal to 20%. -
15 May 25
Poland: Biogas: TotalEnergies and HitecVision partner to pursue the development of Polska Grupa Biogazowa in Poland
TotalEnergies has signed a Sale and Purchase Agreement (SPA) with HitecVision, a Norwegian investment company specializing in energy, for the sale of 50% of Polska Grupa Biogazowa ('PGB') for an enterprise value of €190 million. -
15 May 25
UK: Record increase in offshore wind capacity critical to Clean Power 2030 goal, says OEUK report
In its 2025 Offshore Wind Insight, Offshore Energies UK (OEUK) warns that without action to address price inflation, capital cost and UK supply chain competitiveness, the UK will fail to meet the government’s Clean Power 2030 (CP30) target of between 43 and 51 GW of installed offshore wind capacity. -
15 May 25
RWE has a solid start to the year and reaffirms earnings forecast for fiscal 2025
In the first quarter of 2025, RWE posted adjusted EBITDA of €1.3 billion and adjusted net income of €0.5 billion. As expected, earnings were below the level of the same quarter last year. This is primarily attributable to a normalisation of income in the Flexible Generation segment and a weaker start to the year in the trading business. -
15 May 25
US: Helium One Global announces Jackson-2 flow test results and gas analysis update
Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project. -
15 May 25
Pharos Energy provides trading and operations update
Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has provided a Trading and Operations Update ahead of the Company's annual general meeting. Pharos reports a strong start to 2025, with production on track and solid free cash flow generation. -
15 May 25
Jamaica submits permitting application for the piston core survey at its exploration asset in Jamaica
AIM-listed United Oil & Gas has formally submitted the permitting application for the piston core survey at its Walton-Morant exploration licence to the National Environmental and Planning Agency ('NEPA') in Jamaica. The piston core survey is expected to form part of the farm-out, offering potential farm-in partners a defined pathway to early-stage participation in the Walton-Morant Licence. -
15 May 25
China: Sinopec sets new vertical well depth record of 5,300 meters
China Petroleum & Chemical Corporation ('Sinopec') has announced a major shale gas exploration breakthrough of its Project Deep Earth - Sichuan and Chongqing Natural Gas Base, that its Tiebei 1HF well has been tested at a high daily output of 314,500 cubic meters of industrial gas flow. -
15 May 25
Turkmenistan: PETRONAS, XRG, Hazarnebit and Turkmennebit partner on strategic gas asset in Turkmenistan
PETRONAS, XRG, State Enterprise Hazarnebit, and State Concern Turkmennebit have signed a new Production Sharing Contract (PSC) for the Block I gas and condensate fields in Turkmenistan. As part of the transaction, a long-term Gas Sales Agreement (GSA) was also signed with State Concern Turkmengas. -
15 May 25
Australia: One hull of a milestone Scarborough's FPU
The Scarborough Energy Project has achieved a major engineering milestone with the joining together of the topsides and hull for the Floating Production Unit (FPU). The Scarborough Energy Project is set to produce up to 8 million tonnes of LNG per year and contribute up to 225 terajoules a day of domestic gas supply into the Western Australian market. -
15 May 25
Thailand: Valeura Energy takes final investment decision on Wassana field redevelopment, offshore Thailand
Valeura Energy has taken final investment decision ('FID') on redevelopment of the Wassana field, in Licence G10/48 (100% Valeura interest), offshore Gulf of Thailand. -
15 May 25
DNO reports solid first quarter results; prepares deeper dive into Norwegian waters
DNO, the Norwegian oil and gas operator, has reported first quarter 2025 operating profit of USD 28 million on the back of USD 188 million in revenues, both showing a quarter-on-quarter increase.
