Latest News
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09 Jan 26
Lebanon: TotalEnergies enters Block 8 offshore exploration permit
TotalEnergies (35%, operator) and its partners Eni (35%) and QatarEnergy (30%) have signed an agreement with the Lebanese government to enter Block 8 exploration permit offshore Lebanon. -
09 Jan 26
UK: Hibiscus Petroleum sees 32% uplift of 2P oil reserves of Teal West field, U.K.
Hibiscus Petroleum has announced that, following the drilling of the well and a review of subsurface data, its Teal West field is estimated to contain 2P oil reserves of 4.5 million barrels of oil ('MMbbl'), a 32% increase over the previously reported 3.4 MMbbl. -
09 Jan 26
UK: Heysham 2 takes top UK nuclear generation title
Heysham 2 power station, in Lancashire, has achieved a record-breaking generation milestone over the Christmas period. The EDF-owned station, which was first connected to the grid in 1988, is now the UK’s most productive nuclear power station. -
09 Jan 26
UK: Sodexo workers at Sullom Voe terminal strike
Unite has confirmed that Sodexo workers resumed 24-hour strike action (Wednesday 7 January) as part of an escalating pay dispute with the company. -
09 Jan 26
TGS reports reports Q4 2025 operational update
TGS has published a quarterly operational update. Sismic vessel utilization reached 79% in Q4, up from 73% in the previous quarter. Based on preliminary financial review TGS expects multi-client investment to be close to USD 120 million in Q4 2025, compared to USD 100.4 million in Q4 2024. -
09 Jan 26
Norway: Norwegian Offshore Directorate reports best exploration year in several years
Last year's exploration result was among the best in several years, according to the Norwegian Offshore Directorate's summary of activity on the Norwegian continental shelf (NCS) in 2025. -
09 Jan 26
Solstad Offshore announces contract extension and amendment for Normand Turquesa
Anchor Handling Tug Supply (AHTS) Normand Turquesa has a firm commitment with Petrobras until January 2031, with a total gross contract value of approx. USD 100 million. -
08 Jan 26
Norway: Soiltech to perform fluid treatment and other services on Deepsea Yantai
Soiltech will perform fluid treatment, onshore waste handling and associated services on the harsh environment semisubmersible rig Deepsea Yantai on the NCS, under contracts with DNO, Wellesley Petroleum, and Well Expertise. -
08 Jan 26
Norway: Aker Solutions cuts costs and adjusts workforce
To adapt to the market situation and prepare for the future, Aker Solutions will reduce capacity and headcount in certain areas. As part of these measures, Aker Solutions expects that a reduction in headcount may affect just over 500 of the company’s 12,000 permanent full-time positions. -
08 Jan 26
Norway: Aker Solutions secures long-term maintenance and modifications frame agreements with Equinor
Aker Solutions has been awarded multiple five-year frame agreements with Equinor. Under the agreements, Aker Solutions will provide maintenance and modifications services for a range of assets on the Norwegian Continental Shelf (NCS) and onshore Norway. -
08 Jan 26
Norway: Equinor awards major contracts to Norwegian supplier industry
Equinor awards framework agreements to seven supplier companies with a total value of around NOK 100 billion. These agreements lay the foundation for safe and competitive operations at Equinor’s offshore installations and onshore plants in the years to come. Equinor awards twelve new framework agreements for maintenance and modifications on the company’s offshore installations and onshore plants. -
08 Jan 26
US: BLM oil and gas lease sale in New Mexico and Oklahoma generates nearly $327 million in revenue
The Bureau of Land Management leased 31 parcels totaling 20,399 acres in New Mexico and Oklahoma for $326,811,240 in total receipts during a quarterly oil and gas lease sale. The sale brought in over $218,751 for a single acre, the highest ever earned during a BLM competitive oil and gas lease sale since at least the 1987 Leasing Reform Act. -
08 Jan 26
UAE: ADNOC announces Final Investment Decision for the SARB Deep Gas Development
ADNOC has announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project within the Ghasha Concession located offshore of Abu Dhabi. -
08 Jan 26
Holcim partners with BW Ideol to scale up the construction of offshore wind infrastructure
Holcim has taken a minority equity ownership in BW Ideol, a pioneer in floating offshore wind technology, to scale up the construction of clean energy infrastructure. The two companies will form a strategic partnership for the supply of innovative materials to two fabrication lines for floating foundations, developed by BW Ideol in Southern France and Northeast Scotland. -
08 Jan 26
Spain: Nordex Group secures new orders totalling 246 MW in Spain
At the end of 2025, the Nordex Group also received several new orders from leading independent power producers in Spain. A total of 38 wind turbines of various types with a combined capacity of 245.8 MW will be installed in the provinces of Teruel, Navarra, Burgos and León. -
08 Jan 26
Finland: Magnora secures a third data center project, adding 120 MW, in the Helsinki - Tampere area
Magnora, a renewable-energy group developing data center, wind, solar and battery projects, is joining as majority owner in an ongoing data center project in Finland, expanding its portfolio with a project for a high-density, AI-ready 120 MW facility. -
08 Jan 26
Kistos provides trading statement and operational update
Kistos, an independent energy company focused on unlocking value within its existing portfolio and through value-accretive M&A, has provided an unaudited trading and operational update ahead of its results for the year ended 31 December 2025.
