Latest News
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15 May 25
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15 May 25
Poland: Vestas and LM Wind Power sign deal for blades factory in Poland, strengthening Vestas’ European manufacturing footprint
Vestas and LM Wind Power have announced a deal that will see LM Wind Power’s blade factory in Goleniów near Szczecin, Poland, become part of Vestas’ growing European manufacturing setup. The factory produces blades for Vestas’ onshore wind solutions and will continue to play a key role in meeting Poland’s and the rest of Europe’s growing energy needs. -
15 May 25
Wood extends PUSU deadline for Sidara offer
On 14 April 2025, Wood announced that it had received a holistic non-binding conditional proposal from Sidara, including a Possible Offer to acquire the entire issued and to be issued share capital of the Company. Wood continues to work with Sidara regarding the Possible Offer and has extended the PUSU deadline to 12 June 2025. -
15 May 25
Eni signs exclusivity agreement with Ares Alternative Credit Management for the potential sale of 20% of Plenitude
Eni has signed an agreement to enter into a period of exclusivity with Ares Alternative Credit Management, a globally significant investment fund, aimed at negotiating a definitive agreement and subsequently finalizing the sale of a stake in Plenitude equal to 20%. -
15 May 25
Poland: Biogas: TotalEnergies and HitecVision partner to pursue the development of Polska Grupa Biogazowa in Poland
TotalEnergies has signed a Sale and Purchase Agreement (SPA) with HitecVision, a Norwegian investment company specializing in energy, for the sale of 50% of Polska Grupa Biogazowa ('PGB') for an enterprise value of €190 million. -
15 May 25
UK: Record increase in offshore wind capacity critical to Clean Power 2030 goal, says OEUK report
In its 2025 Offshore Wind Insight, Offshore Energies UK (OEUK) warns that without action to address price inflation, capital cost and UK supply chain competitiveness, the UK will fail to meet the government’s Clean Power 2030 (CP30) target of between 43 and 51 GW of installed offshore wind capacity. -
15 May 25
RWE has a solid start to the year and reaffirms earnings forecast for fiscal 2025
In the first quarter of 2025, RWE posted adjusted EBITDA of €1.3 billion and adjusted net income of €0.5 billion. As expected, earnings were below the level of the same quarter last year. This is primarily attributable to a normalisation of income in the Flexible Generation segment and a weaker start to the year in the trading business. -
15 May 25
US: Helium One Global announces Jackson-2 flow test results and gas analysis update
Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project. -
15 May 25
Pharos Energy provides trading and operations update
Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has provided a Trading and Operations Update ahead of the Company's annual general meeting. Pharos reports a strong start to 2025, with production on track and solid free cash flow generation. -
15 May 25
Jamaica submits permitting application for the piston core survey at its exploration asset in Jamaica
AIM-listed United Oil & Gas has formally submitted the permitting application for the piston core survey at its Walton-Morant exploration licence to the National Environmental and Planning Agency ('NEPA') in Jamaica. The piston core survey is expected to form part of the farm-out, offering potential farm-in partners a defined pathway to early-stage participation in the Walton-Morant Licence. -
15 May 25
China: Sinopec sets new vertical well depth record of 5,300 meters
China Petroleum & Chemical Corporation ('Sinopec') has announced a major shale gas exploration breakthrough of its Project Deep Earth - Sichuan and Chongqing Natural Gas Base, that its Tiebei 1HF well has been tested at a high daily output of 314,500 cubic meters of industrial gas flow. -
15 May 25
Turkmenistan: PETRONAS, XRG, Hazarnebit and Turkmennebit partner on strategic gas asset in Turkmenistan
PETRONAS, XRG, State Enterprise Hazarnebit, and State Concern Turkmennebit have signed a new Production Sharing Contract (PSC) for the Block I gas and condensate fields in Turkmenistan. As part of the transaction, a long-term Gas Sales Agreement (GSA) was also signed with State Concern Turkmengas. -
15 May 25
Australia: One hull of a milestone Scarborough's FPU
The Scarborough Energy Project has achieved a major engineering milestone with the joining together of the topsides and hull for the Floating Production Unit (FPU). The Scarborough Energy Project is set to produce up to 8 million tonnes of LNG per year and contribute up to 225 terajoules a day of domestic gas supply into the Western Australian market. -
15 May 25
Thailand: Valeura Energy takes final investment decision on Wassana field redevelopment, offshore Thailand
Valeura Energy has taken final investment decision ('FID') on redevelopment of the Wassana field, in Licence G10/48 (100% Valeura interest), offshore Gulf of Thailand. -
15 May 25
DNO reports solid first quarter results; prepares deeper dive into Norwegian waters
DNO, the Norwegian oil and gas operator, has reported first quarter 2025 operating profit of USD 28 million on the back of USD 188 million in revenues, both showing a quarter-on-quarter increase. -
14 May 25
UK: The North Sea is increasingly crowded – but there is room for everyone
Speaking at the All-Energy Conference in Glasgow, NSTA Director of New Ventures Andy Brooks, told attendees that although offshore space is increasingly busy, co-location of different energy technologies is entirely possible and the NSTA is working with others to drive a co-ordinated approach to managing the seabed. -
14 May 25
UK: NSTA asks for location nominations to push forward on carbon storage
Nominations have opened for potential carbon storage locations as the North Sea Transition Authority (NSTA) builds momentum following the permits granted at the HyNet industrial cluster. Today’s call for nominations keeps up the pace as the North Sea continues to play a crucial part in the drive for the UK to meet net zero greenhouse gas emissions by 2050. -
14 May 25
Saudi Arabia/US: Aramco announces 34 MoUs and agreements with US companies
Aramco, one of the world’s leading integrated energy and chemicals companies, has announced the signing of 34 Memoranda of Understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major US companies, through its Aramco Group Companies. -
14 May 25
Eni publishes 'Eni for 2024': a report highlighting the company’s concrete commitment to the energy transition
Eni has published ‘Eni for 2024 - A Just Transition’, its voluntary sustainability report that illustrates the main results achieved during the year on the path towards a Just Transition. The report, now in its nineteenth edition, provides an overview of Eni's performance and concrete actions for a Just Transition, capable of combining industrial growth, environmental sustainability and social inclusion, illustrating future strategies and goals. -
14 May 25
UK: CorPower Ocean to develop UK’s largest wave energy array at EMEC
The wave energy developer, CorPower Ocean, has signed a berth agreement to build a 5 MW wave energy project at the European Marine Energy Centre (EMEC) in Orkney, Scotland. Scheduled for deployment in 2029, the 5 MW array is expected to become the UK’s largest wave energy project.
