Latest News
-
29 Aug 25
UK: OEUK responds to misconceptions about the North Sea’s future
In response to recent commentary in The Herald article formerly titled 'windfall tax bluster no help for North Sea oil firms ahead of crunch Budget', OEUK has issued a letter to the editor to refute some of the misconceptions, omissions and errors. -
29 Aug 25
Argentina: Archer announces renewed contracts with Pan American Energy in Argentina
Archer has announced that Pan American Energy is renewing two drilling contracts in Vaca Muerta. The contracts are in direct continuation of the existing contract and have been renewed for two years. The estimate the contract value is around $60 million. -
29 Aug 25
Norway: Equinor drills oil and gas condensate discovery in the Norwegian Sea (6506/12-PB-3 H)
Equinor, operator of production licence 094, has proven petroleum in wildcat well 6506/12-PB-3 H. Preliminary calculations indicate the size of the discovery is between 1 - 3 million standard cubic metres of recoverable oil equivalent. This corresponds to between 6.3 and 18.9 million barrels of recoverable oil equivalent. -
29 Aug 25
Seatrium secures contract to upgrade FLNG vessel for Golar
Seatrium has secured a contract from Golar Hilli Corporation (Golar), a subsidiary of Golar LNG, to perform the upgrading of FLNG Hilli Episeyo. -
29 Aug 25
Shearwater announces second quarter 2025 results
Shearwater Geoservices has published its second quarter 2025 results. Revenue was USD 133.8 million compared to USD 214.2 million in the second quarter 2024. EBITDA was USD 11.9 million compared to USD 80.1 million in the second quarter 2024. -
29 Aug 25
Interim Financial Results 2025: Cadeler delivers financial performance above expectations
Cadeler has published its interim financial results for the first half of 2025, reporting results above expectations and in line with its recently increased full-year revenue and EBITDA guidance. -
29 Aug 25
Italy: Rockhopper Exploration provides update on disposal of Italian assets
AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin, has provided an update in respect of the insurance policy announced on 14 October 2024, intended to protect against an unsuccessful outcome in the Ombrina Mare ICSID arbitration, and the exit of Rockhopper's other Italian assets, as also announced on 14 October 2024. -
29 Aug 25
Dolphin Drilling announces financial results for first half 2025
Dolphin Drilling has announced its preliminary financial results for the first half (H1) of 2025. Revenue Growth: Revenues of USD 47.4 million for the second quarter, compared to USD 19.9 million in Q2 2024. H1 revenues were USD 93.0 million, up from USD 30.0 million reported for H1 2024. -
29 Aug 25
Zimbabwe: Invictus Energy announces transformational partnership to advance Cabora Bassa and establish Africa-focused upstream company
Invictus Energy has announced a strategic partnership with Al Mansour Holdings backed by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, a senior member of the Qatar royal family. -
29 Aug 25
Germany: Odfjell Technology partners with Vercana on major geothermal energy project in Germany
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has signed a two-year contract with Vercana, Vulcan Group’s drilling subsidiary. Odfjell Technology will provide tubular running services (TRS) to Vulcan Group’s Phase One Lionheart Project in Germany which aims to produce lithium sustainably by combining harnessed geothermal energy with critical mineral extraction. -
29 Aug 25
Brazil: Oceaneering announces $180 million of Subsea Robotics contracts with Petrobras
Oceaneering International has announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA ('MPS'), was awarded multiple Subsea Robotics contracts by Petrobras during the second quarter of 2025, following a competitive tender. The anticipated aggregate revenue of the contracts is approx. $180 million. -
28 Aug 25
UK: Green Volt offshore windfarm awards cable engineering role to OWC
Green Volt offshore windfarm has selected renewable energy consultancy OWC to provide cable engineering support on the project. -
28 Aug 25
UK: Thistle Wind Partners submits onshore plans for pioneering Ayre Offshore Wind Farm
Thistle Wind Partners has submitted its onshore planning application for the 1GW Ayre Offshore Wind Farm to The Highland Council, marking a key milestone for one of the flagship projects under the ScotWind leasing round. -
28 Aug 25
Indonesia: CNOOC Limited subsidiaries sign PSCs for exploration blocks in Indonesia
CNOOC Limited has announced its wholly owned subsidiaries have entered into two Production Sharing Contracts (PSCs) for exploration blocks in Indonesia with SKK Migas, the subsidiaries of other Tangguh partners, EnQuest and Agra. -
28 Aug 25
Germany: Nordex Group to install 45-MW Wind Farm for Trianel in Germany
The Nordex Group has received an order for supplying and installing eight N149/5.X wind turbines in Schleswig-Holstein, Germany. The customer is Trianel Erneuerbare Energien GmbH & Co. KG, an association of 36 municipal utilities and the Stadtwerke cooperation Trianel. -
28 Aug 25
Netherlands/West Africa: Borr Drilling awarded new contract commitments for Netherlands and Congo
Borr Drilling has announced new contract commitments for two of its premium jack-up rigs and an additional fleet update. -
28 Aug 25
UK: Government urged to back strategic oil and gas measures
The UK Government is being urged to adopt a pragmatic and regulated approach to oil and gas measures to avoid deepening the UK's reliance on imports, protect energy security, reduce carbon emissions, and support a just transition to net zero. -
28 Aug 25
Suriname to launch offshore licensing round in November 2025
Staatsolie will launch an Open-Door Offering in November 2025, for open acreage offshore Suriname. Full details on the Open-door Offering will be published with the launch on 24 November 2025. -
28 Aug 25
China: CNOOC Limited announces 2025 interim results - oil and gas output hits new record
CNOOC Limited has announced 2025 interim results. The Company continued to increase reserves and production. Net production increased by 6.1% year-on-year while natural gas was up 12.0%. -
28 Aug 25
Malaysia: PXGEO wins two-year geophysical contract to support Malaysia upstream activities
PXGEO has secured its first contract in Malaysia to deliver offshore seismic data acquisition services under a two-year agreement. This includes a minimum commitment of 365 days of acquisition activity over the contract term utilizing the PXGEO 2 seismic vessel which will mobilize this month (August). -
28 Aug 25
Colombia: Arrow Exploration announces Q2 2025 interim results
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has announced the filing of its Interim Condensed (unaudited) Consolidated Financial Statements and Management's Discussion and Analysis ('MD&A') for the three and six months ended June 30, 2025. -
28 Aug 25
Iraq: Gulf Keystone Petroleum announces 2025 Half Year Results
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has announced its results for the half year ended 30 June 2025. -
28 Aug 25
BW Offshore announces second quarter and first half results 2025
BW Offshore has announced second quarter and first half results 2025. EBITDA USD 57 million in Q2 and USD 148 million for the first half-year. Net profit USD 25 million in Q2 and USD 87 million for the first half-year. Operating cashflow USD 103 million in Q2 and USD 160 million for the first half-year. -
28 Aug 25
Kyrgyzstan: UK to support the Government of the Kyrgyz Republic to help unlock foreign direct investment in renewable energy
The UK is supporting the Government of the Kyrgyz Republic to help unlock foreign direct investment in renewable energy. -
28 Aug 25
Norway: OKEA farms into Alpehumle exploration well
OKEA has entered into an agreement with Harbour Energy Norge to farm-in to a 20% working interest (WI) in PL1153, Alpehumle, located north of Gjøa. -
28 Aug 25
Malaysia: PETRONAS Carigali achieves first hydrocarbons from Bindu field
PETRONAS Carigali, a wholly-owned subsidiary of PETRONAS, has achieved first hydrocarbon production from the Bindu field, located 210 kms off the coast of Terengganu.
