Latest News
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08 Jun 26
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08 Jun 26
Union Jack Oil signs facility agreement with Egdon Resources UK
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced the signing of a facility agreement with Egdon Resources U.K. through which Egdon has agreed to provide Union Jack with a secured term loan facility of £1,000,000. The Loan will provide the Company with additional working capital for general corporate purposes. -
08 Jun 26
Lime Petroleum provides update on strategic review and restructuring process
Lime Petroleum Holding has provided an update on the ongoing strategic review and restructuring process. Since its appointment on 10 April 2026, the Board has focused on identifying recoverable values within the group and establishing how maximum value can best be realised in the interest of the Company’s bondholders. -
08 Jun 26
Indonesia: Conrad Asia Energy executes Mako offshore drilling rig contract
Conrad Asia Energy has announced that its subsidiary, West Natuna Exploration Limited ('WNEL'), the operator of the Duyung PSC in the Natuna Sea, offshore Indonesia, has formally executed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI – ADES Consortium for the provision of a jack-up drilling rig to support the development of the Mako Gas Field. -
08 Jun 26
TGS acquires Apparition Geoservices to deliver a step-change in seismic efficiency and subsurface imaging
TGS, a leading global provider of energy data and intelligence, has announced the acquisition of Apparition Geoservices GmbH, securing exclusive access to its proprietary simultaneous source acquisition and separation technology. -
08 Jun 26
PETRONAS and regional partners to advance offshore oil recovery
PETRONAS, through Malaysia Petroleum Management (MPM), has signed a Memorandum of Understanding (MoU) with regional Exploration and Production (E&P) operators and University Technology PETRONAS (UTP) to jointly evaluate opportunities for improved and enhanced oil recovery (IOR/EOR) in offshore acreages. -
08 Jun 26
Italy: Zenith Energy announces acquisition of PV development project in Rome
Zenith Energy, the international energy production and development company, has announced the acquisition of an additional 5 MWp ground-mounted photovoltaic development project located within the Metropolitan City of Rome in the Lazio region of Italy. -
07 Jun 26
Sonardyne, AMOG sign subsea asset monitoring MoU
Underwater technology specialist Sonardyne has signed a Memorandum of Understanding (MoU) with international advanced engineering company AMOG to provide a complete subsea asset monitoring service to offshore energy infrastructure operators. -
07 Jun 26
Gambia: Eni awarded exploration Block A1 in The Gambia
Eni and the Government of The Gambia have signed a Petroleum Exploration Development and Production License Agreement for the Block A1 offshore the Republic of The Gambia. The Block A1 covers an area of 1,300 km2 in water depths ranging from 1,250 to 3,300 m. The Block is located in a region of the Atlantic margin with proven hydrocarbon discoveries. -
07 Jun 26
US: BLM holds first successful Coastal Plain Oil and Gas Lease Sale under Working Families Tax Cuts Act
The Bureau of Land Management held an oil and gas lease sale June 5 for the Coastal Plain of the Arctic National Wildlife Refuge in Alaska, resulting in five leases and $3,741,528 in total receipts. -
07 Jun 26
Study shows offshore wind could potentially cover 11% of North Sea by 2050
New research has mapped a plausible scenario for how offshore wind could reshape the North Sea by 2050, showing that if all current political commitments were built, around 11% of the basin would fall within wind farm boundaries. -
07 Jun 26
Protecting the UK’s offshore energy installations must be a national priority: A perspective from the frontline
Protecting the UK’s offshore energy installations must be a national priority: A perspective from the frontline: said Graham Skinner, Health, Safety & Security Policy Manager, OEUK. The UK oil, gas and offshore wind industry operates in some of the most challenging conditions anywhere in the world. Some of it is hundreds of miles offshore in the North Sea and closer to Norway than to the UK mainland.
