Latest News
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06 Aug 25
Italy: Zenith Energy announces acquisition of an Agrivoltaic development project in Lazio, Italy
Zenith Energy has announce the acquisition of a development-stage Agrivoltaic solar energy production project in the region of Lazio, Italy, by its wholly-owned Italian subsidiary created to manage its solar energy portfolio, WESOLAR. -
06 Aug 25
Devon Energy reports second-quarter 2025 results
In the second quarter, Devon Energy delivered exceptional results exceeding its production guidance with 841,000 Boe per day and generated $1.5 billion in operating cash flow and $589 million in free cash flow, with capital investments 7 percent below guidance. -
06 Aug 25
Libya: ExxonMobil signs MoU to explore four blocks offshore Libya
Libya's National Oil Corporation has signed an MoU with ExxonMobil in London. The broad outlines of the MoU state that ExxonMobil conducts a detailed technical study of four offshore blocks located near the northwest coast and the Sirte Basin. -
06 Aug 25
Benin: Rex’s subsidiary Akrake Petroleum spuds first well in Sèmè Field, Benin
Rex International Holding, an independent oil exploration & production company, has announced that its indirect subsidiary, Akrake Petroleum Benin, has on 4 August 2025, spudded the first well in the Sèmè Field in Block 1, Benin. The drilling is part of a 100-day three-well work-programme to redevelop the Sèmè Field. -
05 Aug 25
UK: Northern Endurance Partnership awards Halliburton a contract for carbon capture and storage monitoring
Halliburton has been awarded a contract award to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). -
05 Aug 25
UK: OEUK responds to expansion of Hynet CCUS cluster
Offshore Energies UK has responded to the UK Government shortlisting six projects to start negotiations to join the HyNet carbon capture cluster in the North West. The projects include low-carbon power, hydrogen production, bioenergy with carbon capture, and direct air capture initiatives, all aimed at cutting industrial emissions. -
05 Aug 25
UK: 2,800 skilled jobs in Wales and North West as CCUS industry grows
Having received the green light from the Prime Minister to start construction of the Liverpool Bay Transportation & Storage network in April, the HyNet carbon capture cluster today (Tuesday 5 August) gets another boost, as new projects enter negotiations with government and industry to join the world-leading site. -
05 Aug 25
Ecuador: Gran Tierra Energy acquires strategic assets in Ecuador’s Oriente Basin
Gran Tierra Energy has announced that its indirect wholly owned subsidiaries, Gran Tierra Energy Ecuador 1 and Gran Tierra Energy Ecuador 2, have entered into definitive agreements to acquire all of GeoPark Ecuador’s and Frontera Energy Colombia Corp Sucursal Ecuador’s interests in the Perico and Espejo Blocks and their associated Consortiums. -
05 Aug 25
RWE and North Star sign long-term agreements for next-generation service operation vessels to maintain RWE’s growing offshore wind fleet
RWE, in partnership with North Star, have signed long-term agreements for two state-of the art service operation vessels for RWE’s North Sea wind farms on 10- and 12-year contracts with extension options. -
05 Aug 25
BP announces second quarter 2025 results
bp has announced second quarter 2025 results. Strong operational performance: 2Q25 underlying RC profit $2.4bn; 2Q25 operating cash flow $6.3bn. So far this year bp has brought five new oil and gas major projects onstream, sanctioned four more and made ten exploration discoveries, including the significant discovery in Bumerangue block in Brazil. -
05 Aug 25
UK: Serica Energy announces results for the six months ended 30 June 2025
AIM-listed Serica Energy, a British independent upstream oil and gas company with operations in the UK North Sea, has announced its unaudited financial results for the six months ended 30 June 2025. -
05 Aug 25
Genel Energy announces unaudited results for the period ended 30 June 2025
Genel Energy has announced its unaudited results for the period ended 30 June 2025. The Tawke PSC has delivered robust production into consistent domestic market demand in the first half of 2025. Taken together with the cost reductions undertaken in 2024, the core business has generated underlying free cash flow. -
05 Aug 25
UK: Chancellor defies critics and insists North Sea windfall tax is 'fair'
Rachel Reeves has claimed the windfall tax on North Sea oil and gas firms 'remains fair' as she ignored growing calls from the sector to scrap it. The chancellor defended the levy in an exclusive interview with the Press and Journal during a trip to St Fergus on Friday, insisting it strikes the 'right balance'. -
05 Aug 25
Brazil: Petrobras announces divestment of Cherne and Bagre fields
Petrobras has concluded the transfer of its entire participation (100%) in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco.
