Latest News
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20 Feb 26
Westwood Insight – Key wells to watch in 2026
Westwood forecasts around 65 high impact wells to complete in 2026, in-line with 2025. Africa and South America are expected to remain the dominant regions for high impact drilling with 19 and 15 wells respectively in 2026. -
20 Feb 26
Azerbaijan: Gran Tierra Energy signs onshore exploration, development and production sharing agreement with the State Oil Company of Azerbaijan
Gran Tierra Energy has signed, through an indirect wholly owned subsidiary, an exploration, development and production sharing agreement ('EDPSA') for the onshore Guba- Khazaryani region within the Republic of Azerbaijan with the State Oil Company of the Republic of Azerbaijan ('SOCAR'). -
20 Feb 26
Tullow Oil issues statement in advance of the Group's 2025 full year results
Tullow Oil has issued a statement in advance of the Group's 2025 full year results. The Company reports a 2025 working interest production of approx. 40.4 kboepd, with revenue of around $847 million. -
20 Feb 26
Borneo/North Sumatra: Upland Resources completes successful fundraise for high-impact Borneo and North Sumatra opportunities
Upland Resources Limited has successfully completed a £2.0 million fundraise, with £0.5 million from strategic and existing shareholders and £1.5 million from directors and management, to secure participation in high-impact onshore licence opportunities in Borneo and Northern Sumatra. The company also secured a US$100 million strategic funding commitment for asset advancement. -
20 Feb 26
AKOFS Offshore signs contract for Aker Wayfarer
Akastor ASA's 66.7% owned affiliate AKOFS Offshore has signed a firm contract for its vessel 'Aker Wayfarer' following a competitive tender process. The vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petróleo Brasileiro S.A. (Petrobras) in Brazil. -
20 Feb 26
PetroNor E&P: Interim financial report for the quarter ended 31 December 2025
In the fourth quarter, PetroNor E&P completed a lifting and sale of 540,000 bbls of entitlement oil, generating USD ~33 million in cash. Production rate increased with the conclusion of the infill drilling campaign, bringing the 2025 net exit rate to 5,400 bopd. -
19 Feb 26
Australia: Fugro completes artificial reef installation for Woodside and Recfishwest
Fugro has successfully installed an artificial reef off the coast of Dampier, Western Australia, on behalf of Woodside Energy and Recfishwest, creating a new habitat to support local fish species and enhance recreational fishing opportunities for the community. -
19 Feb 26
Azerbaijan: Helmerich & Payne joint venture secures major offshore operations and maintenance contract in the Caspian Sea
Turan Drilling and Engineering Company (TURAN), a joint venture with Helmerich & Payne (H&P), has been awarded a long-term offshore operations and maintenance contract renewal by bp in the Caspian Sea, offshore Azerbaijan. -
19 Feb 26
Azerbaijan: SOCAR and Gran Tierra Energy sign Exploration, Development and Production Sharing Agreement for the prospective area in Guba-Khazaryan
An Exploration, Development and Production Sharing Agreement (EDPSA) was signed between SOCAR and Gran Tierra Energy Inc. covering an onshore prospective area in the Guba–Khazaryani region of the Republic of Azerbaijan. -
19 Feb 26
TGS announces brokerage agreement for offshore wind measurement data
TGS, a leading provider of energy data and intelligence for the offshore wind industry, has announced the signing of a brokerage agreement with a major global renewables developer. This agreement further strengthens TGS’ expanding role in the offshore wind data value chain and highlights the company’s ambition to drive innovation across the sector. -
19 Feb 26
US: BOEM proposes third Gulf of America lease sale under the One Big Beautiful Bill Act
The Bureau of Ocean Energy Management has announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Lease Sale Big Beautiful Gulf 3, or BBG3, is scheduled to take place on Aug. 12, 2026. -
19 Feb 26
UK: Sellafield awards contract to support plutonium repackaging
Sellafield awards £45 million contract to LTi Metaltech to supply products, supporting safe plutonium storage and progress toward long-term disposal. -
19 Feb 26
France: Vattenfall signs agreement to divest French sales business to Alterna énergie
Vattenfall has signed an agreement with Alterna énergie to transfer its French electricity and gas sales business. Alterna énergie is an established French electricity and gas supplier with around 20 years of experience.
