Latest News
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17 Nov 25
Spain: Prospex Energy completes Statutory EIA Consultation Process to drill five further wells on El Romeral production concessions
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has announced that the full suite of Environmental Impact Assessment ('EIA') documentation for the application by Tarba Energía to drill five new natural gas wells on the El Romeral concessions has been submitted to The Ministry for the Ecological Transition and the Demographic Challenge in Madrid ('MITECO'). -
17 Nov 25
TotalEnergies accelerates its gas-to-power integration strategy in Europe by acquiring 50% of a portfolio of flexible power generation assets from EPH
TotalEnergies has announced the signing of an agreement with Energetický a prumyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6 billion (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA. -
17 Nov 25
Iraq: Gulf Keystone confirms a first lifting of IOC pipeline exports
Gulf Keystone Petroleum has confirmed that a first lifting of Kurdistan crude allocated to the Company and other International Oil Companies ('IOCs') for pipeline exports during September and October 2025 has been completed by the nominated trader at the Ceyhan oil terminal in Türkiye. -
17 Nov 25
Brazil: TGS announces Pelotas Norte Phase I multi-client survey offshore Brazil
TGS has announced the Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil. Phase I will encompass approx. 14,800 sq kms across 21 exploration blocks, the majority of which lie in un-held acreage expected to be included in upcoming bid rounds. -
17 Nov 25
Odfjell Drilling acquires Deepsea Bollsta from Northern Ocean
Odfjell Drilling has signed an agreement for the acquisition of the harsh environment semi-submersible drilling rig Deepsea Bollsta from Northern Ocean for a total consideration of USD 480 million. -
17 Nov 25
LUKOIL provides statement on negotiations regarding the sale of its international assets
LUKOIL informs about ongoing negotiations on the sale of its international assets with several potential buyers. The specific deal will be announced after the final agreements have been reached and the necessary regulatory approvals have been obtained. -
17 Nov 25
Shell invests in Nigeria offshore gas development
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell, together with Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the HI gas project offshore Nigeria. -
17 Nov 25
US: RWE’s first project in Louisiana completes construction
RWE has completed construction of its first project in Louisiana, the 100 MW Lafitte Solar project located in the Ouachita Parish, outside of Monroe. The project was enabled by the long-term power purchase agreement with Meta. -
17 Nov 25
Norway: Hydro invests NOK 1.2 billion to build Illvatn pumped storage power plant
Hydro has made the final investment decision for its largest hydropower development in over 20 years. Construction of the Illvatn pumped storage power plant in the Luster Municipality of Norway will begin this November, with operations expected to start in 2030. -
17 Nov 25
UK: Archer expands service offerings under five-year P&A contract in UK
Archer has announced an additional contract linked to the five-year agreement with NEO NEXT Energy, originally with Repsol Resources UK and announced May 2nd, 2025. The additional contract adds a lighter Archer P&A unit for a five-year term, replacing one of Archer’s modular drilling rigs for the Fulmar platform, originally announced August 15, 2023. -
17 Nov 25
UK: Archer secures a 5-year contract extension worth USD 110 million
Archer has been awarded a five-year contract extension for platform drilling and maintenance services in the UK with an estimated contract value of USD 110 million. -
16 Nov 25
Suriname: PETRONAS and Staatsolie declare commerciality for Sloanea field, marking Suriname’s first gas development milestone
PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), together with Statsolie, has achieved a significant milestone with the Declaration of Commerciality of the Sloanea field in Block 52, marking Suriname’s first gas development milestone in its expanding deepwater energy landscape.
