Latest News
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08 May 25
Egypt: Capricorn reaches agreement to consolidate, extend and improve Western Desert concessions
Capricorn has been informed by the Egyptian General Petroleum Corporation ('EGPC') that it has approved the consolidation of eight of the Company’s existing Egyptian concession agreements, in which it has a 50% participating interest held jointly with Cheiron Oil and Gas (Operator) into a new, single integrated concession agreement. -
08 May 25
Statkraft stops new development of green hydrogen projects
Statkraft has decided to stop new development of green hydrogen due to increased uncertainty in the market. Parts of the portfolio will be matured before seeking investors to realise the projects. -
08 May 25
UK: National Wealth Fund backs Scottish Power to boost UK grid upgrades
Investment forms part of a wider £1.35bn financing package with National Wealth Fund committing £600m and the rest being provided by several commercial banks. The financing will support new infrastructure, connecting homes and businesses across Great Britain with renewable, homegrown energy from Scotland’s wind farms -
08 May 25
UK/Norway: UK and Norway accelerate clean energy opportunities
British workers and businesses will benefit from more investment in the UK’s clean energy future, with a new partnership signed with Norway. -
08 May 25
Ireland: CPH2 completes Site Acceptance Tests in Belfast
CPH2 has successfully completed the third and final level of the Site Acceptance Tests ('SAT') for its MFE110 electrolyser at Northern Ireland Water’s site in Belfast. This achievement signifies a major step forward in the company’s growth, with the first scaled MFE electrolyser now operational on a customer site. -
08 May 25
Nigeria: ExxonMobil to commit 1.5 billion dollars investment in Nigeria's deepwater oil fields
ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development. This significant financial commitment, which will be implemented between Q2, 2025 – 2027 focuses on revitalizing production in the Usan deepwater oil field. -
08 May 25
Israel: Zion Oil & Gas announces gas to surface onshore in Israel during initial flowback
Zion Oil & Gas has announced that initial flowback operations from its Megiddo-Jezreel #1 (MJ-01) well re-entry have resulted in gas reaching the surface onshore in Israel. -
08 May 25
Plenitude publishes 2024 financial statements, Sustainability and Impact Report
For the 2024 financial year, Plenitude reported an adjusted operating profit of €604 million and adjusted net profit of €311 million, up 17% and 41% respectively from 2023. The results are in line with the company's growth to over 4 GW of installed capacity in 2024, with more than 10 million retail customers and over 21,000 electric vehicle charging points. -
08 May 25
Mauritania: Oceaneering announces award of inspection, maintenance, and repair contract by bp Mauritania
Oceaneering International announced that its Offshore Projects Group ('OPG') has been awarded a multi-year contract by bp Mauritania Investments for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. -
08 May 25
UK: Industry job losses raise concern for wider sector as OEUK says there is another path for the UK
The representative body for the UK offshore energy sector says the decision to cut a further 250 jobs at one of the UK’s leading oil and gas operators is concerning for the wider industry and for the nation. It comes after Harbour Energy confirmed today it has launched a review of its UK operations. -
08 May 25
Harbour Energy announces trading and operations update
Harbour Energy has provided an unaudited Trading and Operations Update for Q1 2025. The Company had a strong start to the year. Production averaged 500 kboepd in the first quarter, reflecting the addition of the high quality Wintershall Dea portfolio and excellent operational delivery. This, together with improved European gas price realisations and lower unit costs, drove significant free cash flow of c.$0.7 billion. -
08 May 25
Norway and the United Kingdom to strengthen cooperation on clean industry and energy
Norway and the United Kingdom have signed a Memorandum of Understanding (MoU) on a Green Industrial Partnership. The agreement marks a new milestone in the longstanding Norwegian-British cooperation on energy and the green transition. -
08 May 25
Peterson Energy Logistics first company to be awarded carbon neutral ISO standard from NQA
Peterson Energy Logistics, a global leader in supply chain solutions for the energy sector, has become the first company to be awarded the new ISO 14068 standard for carbon neutrality from the National Quality Assurance (NQA) certification body. The ISO standard replaces the previous PAS 2060 accreditation scheme, which the company first achieved across its global operations in 2022. -
08 May 25
US:Mosman Oil and Gas announces first estimate of helium and hydrocarbon volumes at the Sagebrush Project in Colorado, US
Mosman Oil and Gas, the helium, hydrogen and hydrocarbon exploration, development and production company, has announced the first estimate of helium and hydrocarbon volumes at the Sagebrush Project in Colorado, US. -
08 May 25
Genel Energy announces trading and operations update Q1 2025
Genel Energy has announced a trading and operations update relating to Q1 2025. The Company reports gross production of 82,081 bopd in Q1 2025 (Q4 2024: 74,140 bopd) from the Tawke licence in Kurdistan,where performance continues to be robust and domestic sales demand reliable. -
08 May 25
Norway: Scatec first quarter 2025: Strong financials and increasing growth outlook
In the first quarter, Scatec, a leading renewable energy solutions provider, reported proportionate revenues of NOK 2.39 billion (1.23 billion), with an EBITDA of NOK 1.38 billion (0.85 billion). -
08 May 25
Norway: Aker Horizons announces first-quarter results 2025
Aker Horizons, a developer of green energy and industry, has announced results for the first quarter 2025. Aker Horizons’ net capital employed stood at NOK 4.3 billion, a decrease of NOK 1.7 billion from the fourth quarter, mainly reflecting the dividend paid by Aker Carbon Capture during the quarter and AKH’s share of results in the portfolio companies in Q1. -
08 May 25
Norway: Reach Subsea - 1Q 2025: Another record quarter
Reach Subsea has announced its first quarter 2025 results, demonstrating another record quarter. Revenue for the quarter stands at NOK 699 million (575 million) and the EBIT at NOK 68 million (29 million).
