Latest News
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04 May 25
Norway: Statkraft submits plan to upgrade Nore power plant for 4 billion NOK
Statkraft is seeking a licence to upgrade the Nore hydropower plants in Nore and Uvdal in Buskerud, Norway with a 4 billion NOK budget. The new power plant will be able to deliver more electricity when needed and will thus be able to contribute to more stable prices. -
04 May 25
UK: Scottish Government’s Just Transition Fund reopens for applications
Communities across the North East and Moray will benefit from over £8 million of funding to create jobs in low carbon industries and enhance green and net zero skills. -
04 May 25
UK: Scottish Government funding will help develop green hydrogen production
Eleven projects designed to accelerate Scotland’s hydrogen economy are set to benefit from a share of £3.4 million funding. The Scottish Government funding will help develop green hydrogen production, improve the hydrogen supply chain, and enhance hydrogen transport and storage infrastructure. -
04 May 25
ExxonMobil announces first-quarter 2025 results
Exxon Mobil Corporation has announced first-quarter 2025 earnings of $7.7 billion, or $1.76 per share assuming dilution. Cash flow from operating activities was $13.0 billion and free cash flow was $8.8 billion. Shareholder distributions of $9.1 billion included $4.3 billion of dividends and $4.8 billion of share repurchases, consistent with the company's announced plans. -
04 May 25
Brazil: Subsea7 awarded ‘super-major’ contract offshore Brazil
Subsea 7 has announced the award of a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approx. 180 kms off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin. -
02 May 25
First European built offshore CO2 Carrier to be christened and launched on May 14
The dedicated CO2 carrier currently under construction at Royal Niestern Sander shipyard in the Netherlands is a cornerstone in Greensand’s mission to deliver EU’s first full-scale carbon capture and storage (CCS) value chain. -
02 May 25
Italy: Prospex Energy announces Q1 2025 activity report
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy following the publication by Po Valley Energy of its Q1-2025 activity report. -
02 May 25
Argentina: Harbour Energy takes FID for the Southern Energy FLNG export project in Argentina.
Harbour Energy and its partners – Pan American Energy, YPF, Pampa Energia and Golar LNG – have taken Final Investment Decision (FID) for the Southern Energy floating liquefied natural gas (FLNG) export project in Argentina. -
02 May 25
Shell announces Q1 2025 results
Shell has announced its Q1 2025 results. Shell delivered another solid set of results in the first quarter of 2025, further strengthening its leading LNG business by completing the acquisition of Pavilion Energy, and high-grading its portfolio with the completion of the Nigeria onshore and the Singapore Energy and Chemicals Park divestments. -
02 May 25
UK: Archer and Repsol sign major five-year contract for late life and P&A services
Archer, a leading provider of drilling and well services, has signed a five-year contract with Repsol Resources UK for platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies. The agreement includes a two-year optional extension. -
02 May 25
US: Repsol allies with Stonepeak on solar and storage portfolio for its first US renewables partnership
Repsol announced that it will be joining forces with Stonepeak as its first partner in a portfolio of renewable assets in the United States. Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has agreed to invest $340 million to acquire a 46.3 percent stake from Repsol in a 777 MW operating solar and storage portfolio located in New Mexico and Texas. -
02 May 25
Brazil: Equinor sells the Peregrino field for USD 3.5 billion
Equinor has entered into agreements with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil. PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion and a maximum of USD 150 million in interest to Equinor for the transaction. -
01 May 25
GoM: Shell completes acquisition of working interest in the Ursa platform in Gulf of America
Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell, have completed the previously announced agreement to increase their stake in the Ursa platform in the Gulf of America from 45.3884% to 61.3484%. The acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a strong integrated value chain. -
01 May 25
Poland: Equinor and Polenergia secure Final Environmental Decision for the Baltyk 1 Project - paving the way for Poland’s largest offshore wind farm
The decision marks a milestone in the further development of what could be the largest offshore wind farm in the Polish part of the Baltic Sea. Baltyk 1, a project developed jointly by Equinor and Polenergia is being prepared for Poland’s 2025 offshore auction. -
01 May 25
Masdar and OMV advance partnership on green hydrogen development
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and OMV, Austria’s integrated chemicals, fuels and energy company, have signed an agreement to partner in the production of green hydrogen, synthetic sustainable aviation fuel (eSAF), and other sustainable products. -
01 May 25
UK: Leading technology accelerator programme prepares to launch nine trailblazers into offshore wind success
Nine ambitious UK companies – potential trailblazers in their field – have won places on the award-winning national Launch Academy technology acceleration programme designed to help innovative companies achieve success in the offshore wind industry. -
01 May 25
Oman: TotalEnergies and OQEP break ground at Marsa LNG
TotalEnergies and OQEP have celebrated the ground-breaking of the Marsa LNG plant, in the port of Sohar, northern Oman, one year after the Final Investment Decision. The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). -
01 May 25
UK: NSTA's Energy Technology Platform goes from strength to strength following hugely successful pilot scheme
User numbers of UK Energy Technology Platform more than treble and technology listings skyrocket in just a few years. The platform supports energy production, emissions reduction and net zero projects. -
01 May 25
Dolphin Drilling pursuing a refinancing plan
Dolphin Drilling has announced that the company is pursuing a refinancing plan. The company has explored several refinancing options and this process is ongoing. -
01 May 25
UK: Ørsted divests 24.5% stake in West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat
Ørsted has completed a farm-down for a 24.5% stake in West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat. The value of the transaction is GBP 456.1 million (approx. DKK 4 billion) on a debt-free basis. Located approximately 14 km off the UK west coast, West of Duddon Sands has been operating since 2014 and has a capacity of 389 MW.
