Latest News
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24 Oct 25
Egypt: Capricorn announces trading and payment update
Capricorn has announced that it has received $50m from the Egyptian General Petroleum Corporation (EGPC). Capricorn continues to invest in its Egyptian asset base and has fulfilled all exploration commitments on its legacy acreage. -
24 Oct 25
Norway: Vår Energi granted drilling permit for well 25/8-C-23 D in PL 027
The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for well 25/8-C-23 D in production licence 027. -
24 Oct 25
Eni announces results for the third quarter and nine months of 2025
Eni has announced results for the third quarter and nine months of 2025. In the third quarter all the main operational and economic and financial metrics exceeded expectations. Strong production growth to 1.76 mln barrels/day (+6% compared to last year) allows the Company to raise its annual guidance towards 1.72 mln barrels/day. -
24 Oct 25
Eni Confirms UN Gold Standard for methane emissions reporting
Eni has been recognised for its commitment to reporting emissions, which have been rated 'Gold Standard' for the highest levels of data quality by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0). -
24 Oct 25
UK: New poll backs homegrown energy as cost-of-living crisis persists
New polling shows that half of people across the UK – rising to nearly two-thirds in ‘red wall’ constituencies – support continued domestic oil and gas production alongside renewables to reduce energy import dependencies, amid the Net Zero energy transition and ongoing cost-of-living crisis. -
24 Oct 25
Valaris issues Fleet Status Report
Valaris has issued a Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the 'Investors' section of the Company’s website. -
24 Oct 25
Petrofac announces restructuring update
Petrofac confirms it has received notification from TenneT terminating its scope of work on the 2GW programme with immediate effect. Having carefully assessed the impact of TenneT’s decision, the Board has determined that the Restructuring, which had last week reached an advanced stage, is no longer deliverable in its current form -
24 Oct 25
Baker Hughes Company announces third-quarter 2025 results
Baker Hughes has announced third-quarter 2025 results. Orders of $8.2 billion, including $4.1 billion of IET orders. RPO of $35.3 billion, including record IET RPO of $32.1 billion. Revenue of $7.0 billion, up 1% year-over-year. Attributable net income of $609 million. -
23 Oct 25
US: JERA to acquire interest in Haynesville shale gas asset in Louisiana
JERA, a global energy leader and Japan’s largest power generation company, announced that it has - through its subsidiary JERA Americas Inc.- reached agreement with Williams and GEP Haynesville II, LLC to acquire 100% of their respective interests in the South Mansfield upstream asset located in western Louisiana’s Haynesville Shale basin. -
23 Oct 25
US: Interior takes bold steps to expand energy, local control and land access in Alaska
Alaska holds some of the most promising untapped energy resources in the US. The Department of the Interior has issued a new record of decision reopening 1.56 million acres of the Coastal Plain to oil and gas leasing. Additionally, the Bureau of Land Management published a call for nominations to solicit feedback on what tracts should be made available in an oil and gas lease sale within the National Petroleum Reserve in Alaska this coming winter. -
23 Oct 25
UK: First offshore export cable installed at Inch Cape Offshore Wind Farm
The first of Inch Cape Offshore Wind Farm’s two 85-kilometre offshore export cables has been successfully installed off the east coast of Scotland. Inch Cape is owned in a 50/50 equal joint venture by ESB and Red Rock Renewables, and once complete will generate almost 5 terawatt hours (TWh) of energy each year or enough to power half of the homes in Scotland. -
23 Oct 25
UK: EnergyPathways joins the Critical Minerals Association (UK)
AIM-listed EnergyPathways, the UK energy transition company, has joined the Critical Minerals Association (UK) ('CMA'). The membership will support EnergyPathways' engagement with policymakers and industry peers as the Company advances its MESH project and planned production of high-grade synthetic graphite, a material of strategic importance to the UK. -
23 Oct 25
Malaysia: Velesto and ICON Engineering sign agreement to deliver Rig-Installed Wellhead Platforms in Malaysia
Velesto Energy and ICON Engineering have signed an agreement to deliver Rig-Installed Wellhead Platforms (RIWHPs) for offshore oil and gas developments in Malaysia. -
23 Oct 25
Italy: RWE starts construction of 92 megawatts of onshore wind capacity in Italy
RWE has begun construction of two major wind farms in Italy. The 47 MW Serra Palino wind farm is located in the province of Foggia, in the Apulia region and will consist of eight 5.9 MW turbines. For the 45 MW Venusia wind farm, located in the province of Potenza in the Basilicata region, RWE will install eight 5.6 MW turbines. -
23 Oct 25
South Korea: Fugro UST21 completes geotechnical work for Ørsted on South Korea’s largest offshore wind project
Fugro UST21 has completed offshore geotechnical site investigations for Ørsted’s 1.4 GW Incheon offshore wind project in early August 2025, located approx. 70 km off the coast of Incheon, South Korea. The project is set to become the largest offshore wind farm in the country and plays a pivotal role in Korea’s transition to net-zero emissions by 2050. -
23 Oct 25
Lithuania: Ignitis Group secures a major financing deal tied to the largest Baltic wind farm
Ignitis Group, a renewables-focused integrated utility, has secured EUR 318 million in non-recourse project financing from a strong group of lenders, comprising both institutional and commercial banks, to cover the costs incurred in constructing the largest onshore wind-energy project in the Baltics. -
23 Oct 25
South Korea: METLEN and HRE seal landmark solar deal in South Korea
METLEN and Korean energy investment and development company HRE, have announced the signing of a landmark agreement under which HRE will acquire a diversified portfolio of solar projects in South Korea with a total installed capacity of 42 MW, the phase 1 of the renewable energy portfolio built by METLEN. -
23 Oct 25
DOF Group announces contract extensions for Skandi Nomad and Skandi Constructor
DOF Group has announced that the contracts of Skandi Nomad and Skandi Constructor, both operating in Guyana, have been extended by one year each. Following the extensions, Skandi Nomad is contracted until Q4-2026 and Skandi Constructor until Q2-2027. -
23 Oct 25
UK: Robert Gordon University secures £800,000 grant to drive clean hydrogen innovation
Robert Gordon University Aberdeen has landed a major funding boost to accelerate low-carbon energy solutions through the production of hydrogen by capturing the waste steam that comes from nuclear energy facilities with a view to scaling it up. -
23 Oct 25
Joint industry project to introduce next generation subsea flowlines
TotalEnergies, Equinor, Aker BP, DeepOcean, Tenaris and LS Cable & System have joined forces to commercialize an innovative subsea flowline heating technology. The solution is designed to reduce manufacturing and installation costs by up to 35% and carbon emissions by 30% through the separation of pipeline and heating installation. -
23 Oct 25
Uzbekistan: Condor provides an operational update on its first horizontal well in Uzbekistan
Condor Energies, a Canadian based, internationally focused energy transition company working in Central Asia, has finished drilling the vertical portion of its first well in Uzbekistan to a total depth of 2805 meters. -
23 Oct 25
Angola: McDermott delivers first subsea project for TotalEnergies in Angola
McDermott has announced the safe and successful completion of engineering, procurement, construction, installation, pre-commissioning and commissioning activities for TotalEnergies' Begonia field development. Located in Block 17/06, approx. 150 kms off the coast of Angola, Begonia marks McDermott's first subsea project in the country. -
23 Oct 25
Brazil: Petrobras announces results of ANP auction
Petrobras has announced that it has acquired the two blocks in the Campos Basin for which it submitted bids in the 3rd Cycle of the Permanent Production Sharing Offer of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), successfully completing 100% of the submitted proposals. -
23 Oct 25
US: Woodside announces Louisiana LNG partnership with Williams
Woodside has simultaneously signed and closed a transaction with Williams, a world-class leader in US natural gas infrastructure, for an integrated investment in Louisiana LNG. -
23 Oct 25
TGS announces Q3 2025 results
TGS has reported interim financial results for Q3 2025. In a quarter marked by macroeconomic uncertainty and volatile oil prices, TGS reports solid financial results. The multi-client segment performed well, primarily driven by strong library sales. -
23 Oct 25
US: TGS announces 3D seismic onshore survey in the Uinta Basin
TGS has announced the Roosevelt 3D seismic onshore survey in the Uinta Basin. Covering 202 square miles of full fold data, this survey marks TGS’ first multi-client project in the region and a significant step in advancing exploration within one of North America’s prominent basins.
