Latest News
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10 Dec 25
Brunei: McDermott awarded EPCIC contract for natural gas development project offshore Brunei
McDermott as secured a subsea contract from PETRONAS Carigali Brunei for engineering, procurement, construction, installation and commissioning (EPCIC) of a natural gas development project offshore Brunei Darussalam. This development represents one of the country's most significant conventional gas projects. -
10 Dec 25
ExxonMobil raises its 2030 Plan – transformation delivering higher earnings, stronger cash flow, and greater returns
ExxonMobil has updated its Corporate Plan through 2030. The Plan’s increased earnings and cash flow outlook reflects stronger contributions from advantaged assets, a more profitable business mix, and lower operating costs; all driven by the company’s unique set of durable competitive advantages and its successful multi-year transformation. -
09 Dec 25
Spain: Plenitude drives its expansion in Spain with the start of operations at the Caparacena 150 MW solar plant
Plenitude has inaugurated the Caparacena solar project in Chimeneas (Granada). The project, one of the most significant in the company’s portfolio in Spain, covers 264 hectares and comprises three photovoltaic parks of 50 MW each. -
09 Dec 25
Indonesia: Eni announces a significant gas discovery in the Kutei Basin in Indonesia
Eni has announced a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau PSC, in the Kutei Basin, about 50 km off the coast of East Kalimantan in Indonesia. Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion cubic feet (TCF). -
09 Dec 25
Namibia: TotalEnergies concludes agreement with Galp to enter as operator in the prolific PEL 83 license, including the Mopane discovery
Under this agreement, TotalEnergies will acquire a 40% operated interest in PEL83 license holding the Mopane discovery, while Galp will acquire a 10% participating interest in PEL56 license holding the Venus discovery. The transaction positions TotalEnergies as the operator of the two largest oil discoveries in Namibia -
09 Dec 25
Solstad Maritime announces multiple contract awards in Brazil and the North Sea
Solstad Maritime has announced multiple new contracts for several construction support vessels: Normand Navigator, Normand Cutter, and Normand Jarstein. -
09 Dec 25
Nordex Group receives orders for 102 MW in France and Belgium
The Nordex Group has won new contracts in France and Belgium, covering the delivery and installation of 28 wind turbines for seven wind farms. -
09 Dec 25
UK: NSTA launches UK’s second carbon storage licensing round
The North Sea Transition Authority (NSTA) has opened a carbon storage licensing round offering 14 locations in Scottish and English waters for exploration and appraisal, and with potential to provide future capacity to support industrial decarbonisation for the UK and Europe. -
09 Dec 25
Oman: Kistos acquires interests in Block 9 and Blocks 3 & 4, onshore Oman
Kistos, an independent energy company focused on generating value across the upstream and midstream markets, has entered into a binding agreement to acquire a 5% working interest in Block 9 and a 20% working interest in Blocks 3 & 4 from Mitsui E&P Middle East B.V., both located onshore in the Sultanate of Oman. -
09 Dec 25
Gabon: VAALCO Energy spuds first well in Phase Three Drilling Program offshore Gabon
VAALCO Energy has commenced its Phase Three Drilling Program offshore Gabon with the spudding of the ET-15 infill well on the Etame platform.
