Latest News
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21 Aug 25
UK: RWE’s Sofia is the UK’s first offshore wind farm to use recyclable rotor blades
RWE and turbine manufacturer Siemens Gamesa are driving a new era of wind turbine innovation with the first ever large-scale installation of recyclable blades at a UK offshore wind farm. Half of Sofia’s 100 offshore wind turbines are being fitted with the pioneering blade technology. -
21 Aug 25
Italy: Po Valley signs gas sales agreement with Hera Group
Po Valley Energy has announced that its wholly owned subsidiary Po Valley Operations Pty Limited (PVO), along with its Selva Malvezzi JV partners, have signed a new gas sales agreement (GSA) with Hera Group; a respected energy company with operational headquarters in the Bologna area. -
21 Aug 25
Brazil: DOF Group announces contract awards in Brazil
DOF Group has announced an addendum to its long-term inspection contract (PIDF) with Petrobras in Brazil. The addendum comprises additional scope of work, which is expected to be concluded by the end of 2025. Stril Explorer, Geoholm and Skandi Carla are currently operating on this contract. -
21 Aug 25
Odfjell Drilling reports second quarter and first half 2025 results
Odfjell Drilling has reported second quarter and first half 2025 results. New financial records set due to increased day rates and strong utilisation, including Q2 Revenue of USD 219 million; Q2 EBITDA of USD 108 million; Q2 Net Profit of USD 42 million; 92% Financial Utilisation, reflecting downtime due to SPS on Deepsea Aberdeen. -
21 Aug 25
DNO hikes dividends on back of transformative acquisition, posts strong Q2 results
DNO, the Norwegian oil and gas operator, has reported strong second quarter results with revenue up 37 percent to USD 258 million from the prior quarter and operating profit up 206 percent to USD 86 million, even with the contribution from the transformative USD 1.6 billion acquisition of Sval Energi Group in Norway recorded only as from 1 June 2025. -
21 Aug 25
Panoro Energy announces 2025 half year results
Panoro Energy has reported financial and operational performance for the first half of 2025. Group working interest production of 11,526 bopd in the first half represents a 26 per cent increase on the same period last year. Revenue for the first half was USD 86 million and EBITDA USD 50.7 million. -
21 Aug 25
Norway: AkerBP announces significant oil discovery in the Yggdrasil area
Aker BP has successfully completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe). -
21 Aug 25
Malaysia: Strohm to supply production TCP Jumpers to a major Southeast Asian operator
Strohm, the world’s first and leading thermoplastic composite pipe (TCP) company, has been awarded a contract to supply four TCP Jumpers for installation in a deepwater field offshore Malaysia. The end customer is a major Southeast Asian operator with international exploration projects. -
21 Aug 25
Nabors announces sale of Quail Tools to Superior Energy Services for $600 million
Nabors Industries has entered into a definitive agreement to sell Nabors' Quail Tools subsidiary to Superior Energy Services. Net consideration for the sale totals $600 million plus adjustments for net working capital. -
20 Aug 25
Brazil: Drilling rig chartered by Petrobras arrives in Amapá to take part in drill exercise
The NS-42 drilling rig, chartered by Petrobras, arrived at the location, in block FZA-M-59, in deep waters of Amapá, on August 18th. The vessel will be used during the Pre-Operational Assessment (APO), which is scheduled to begin on August 24th. -
20 Aug 25
Montenegro: EBRD backs expansion of Montenegro wind farm with additional €26 million loan
The European Bank for Reconstruction and Development (EBRD) is deepening its support for Montenegro’s green energy transition with an additional €26 million loan to expand the Gvozd wind farm, the country’s flagship renewable energy project. -
20 Aug 25
UAE: Masdar’s Annual Sustainability Report highlights Company’s increasing global impact with record 62% capacity growth in single year
Masdar’s twelfth Annual Sustainability Report shows continued progress in key areas, with the company delivering record 62% portfolio capacity growth, increasing its global footprint. -
20 Aug 25
Seychelles: Qair secures financing from the FEI to power landmark Floating Solar Project in Seychelles
Independent renewable energy company Qair has secured a USD 5.7 million senior debt facility from the Facility for Energy Inclusion ('FEI'), managed by Cygnum Capital, to finance the development, building, operations, and maintenance of a 5.8 MWp Floating Solar plant located in the Providence Lagoon on Mahé Island in Seychelles.
