Latest News
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11 Mar 26
IEA Member countries to carry out largest ever oil stock release amid market disruptions from Middle East conflict
The 32 Member countries of the International Energy Agency have unanimously agreed to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East. -
11 Mar 26
US: Interior holds Second Lease Sale in the Gulf of America under One Big Beautiful Bill Act advancing American Energy dominance
The Department of the Interior has announced the Bureau of Ocean Energy Lease Sale Big Beautiful Gulf 2, or BBG2, generated $46,976,423 in high bids. The sale, the second non-discretionary offshore oil and gas lease sale required under President Trump’s 'One Big Beautiful Bill Act' in the Gulf of America, included 25 blocks covering approximately 141,000 acres in federal waters of the Gulf of America. Thirteen companies submitted 38 bids totaling $69,838,782. -
11 Mar 26
Brazil: TotalEnergies announces the start-up of the Lapa South-West project, located in the Santos Basin, offshore Brazil
TotalEnergies (48%, operator) has announced the start-up of the Lapa South-West project, located in the Santos Basin, approx. 300 kms offshore Brazil. The Lapa South-West project, including three wells connected to the existing Lapa floating production, storage, and offloading (FPSO) unit, will increase production from the Lapa field by 25,000 barrels per day. -
11 Mar 26
Nordex Group publishes Sustainability Statement 2025
With the Integrated Annual Report 2025, the Nordex Group presents its tenth Group Sustainability Statement. The report outlines the progress and measures of the company-wide sustainability activities and provides transparent insights into key impacts, risks and opportunities. -
11 Mar 26
US: BOEM releases 2026 National Assessment of Undiscovered Oil and Gas Resources on the U.S. Outer Continental Shelf
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U.S. Outer Continental Shelf. -
11 Mar 26
UK: Vestas builds offshore momentum in Europe with another 1.38 GW order in the UK
Vestas has received a firm order for RWE’s 1,380 MW Vanguard East offshore wind project in the United Kingdom. Vanguard East follows Vanguard West, which was confirmed as a firm order last month. This new order further supports the UK’s advance toward its 2030 clean power targets while building crucial momentum for the wider energy transition across Europe. -
11 Mar 26
Getech and Jordkraft to combine subsurface intelligence with next generation geothermal technology
Getech, a world-leading locator of subsurface resources, has signed a Memorandum of Understanding ('MoU') with Jordkraft Energy, a Swedish geothermal technology company focused on modular, small-scale geothermal power plants. The strategic agreement combines Getech’s global subsurface data and geoenergy expertise with Jordkraft’s geothermal and geoelectrical technology. -
11 Mar 26
Eco (Atlantic) Oil & Gas acquires 100% of JHI - including partnership with Navitas in North Falklands Licence
Eco (Atlantic) Oil & Gas has signed a binding agreement with JHI Associates in which Eco has agreed to acquire the issued and to be issued shares of JHI not already held by Eco. This landmark acquisition complements Eco's existing Atlantic Margin portfolio in Namibia and South Africa, whilst adding to its exposure offshore Guyana. The Acquisition also includes an interest in the North Falkland Basin, alongside intended operator and strategic partner Navitas Petroleum. -
11 Mar 26
Malaysia: SLB OneSubsea secures contract for Deepwater Project Offshore Malaysia
Global energy technology company SLB has announced that its OneSubsea joint venture has been awarded an engineering, procurement, and construction (EPC) contract by PTTEP Sabah Oil. The contract expands SLB OneSubsea's role in delivering integrated subsea production systems (SPS) for PTTEP's deepwater portfolio offshore Malaysia.
