Latest News
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29 Oct 25
Taiwan: Acteon and Wynnergy sign strategic MOU to accelerate offshore renewable projects
Acteon, the expert in offshore infrastructure and Wynnergy Marine, a Taiwan-based marine solutions provider, have signed a strategic Memorandum of Understanding (MOU) to jointly deliver renewable energy projects across the region. -
29 Oct 25
UK: MPs call on Ofgem to tap network companies’ £4bn windfall for an ambitious new energy debt relief scheme
The call for action on consumer energy debt forms part of a series of recommendations in the first part of the Energy Security and Net Zero select committee’s report into the Cost of Energy. In the second part of the inquiry, the committee will be looking at how costs like upgrading the grid and building new sources of energy generation are making up an increasing amount of the household bill. -
29 Oct 25
Sweden: Vattenfall orders the world's first fossil-free steel dam gate from SSAB
Vattenfall and SSAB have signed a new agreement for the delivery of 120 tonnes of fossil-free steel for what will be the world's first fossil-free dam gate. The dam gate will be the largest steel component ever produced with near-zero fossil carbon dioxide emissions in the iron production. It will be installed in Vattenfall's hydropower station in Stornorrfors, Sweden, in 2028. -
29 Oct 25
UK: Offshore Energies UK survey shows reform of Energy Profits Levy needed now
More than half (55%) of the UK’s offshore energy firms have reduced their staff headcount in the past year, according to the latest Offshore Energies UK (OEUK) Pulse Survey. OEUK’s proposal to reform the Energy Profits Levy in 2026 is supported by its membership of over 420 companies spread across the UK. -
29 Oct 25
Norway: Equinor a drilling permit for well 7018/5-2 in production licence 1236
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 7018/5-2 in production licence 1236. -
29 Oct 25
Qatar: QatarEnergy signs 17-year LNG supply agreement with India’s GSPC
QatarEnergy has signed a 17-year Sales and Purchase Agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of LNG to the Republic of India. -
29 Oct 25
Solstad Maritime announces contract extension for Normand Vision
Solstad Maritime has announced the first optional 1-year contract extension for Normand Vision with Ocean Installer AS, in direct continuation of the current agreement. This extension secures operations through the end of 2027. -
29 Oct 25
India: Synergia Energy announces update on operations at its Cambay PSC onshore India
Synergia Energy has announced an update regarding its Cambay PSC (WI: 50%), onshore India. -
29 Oct 25
Uzbekistan: EBRD co-finances major renewable energy project in Central Asia
The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan’s and Central Asia’s largest combined solar photovoltaic and battery energy storage project to date. -
29 Oct 25
Equinor announces third quarter 2025 results
Equinor delivered an adjusted operating income of USD 6.21 billion and USD 1.51 billion after tax in the third quarter of 2025. Equinor reported a net operating income of USD 5.27 billion and a net loss of USD 0.20 billion. Adjusted net income was USD 0.93 billion, leading to adjusted earnings per share of USD 0.37. -
29 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. -
29 Oct 25
Brazil: Maersk Supply Service deploys largest MDL spread to date
MDL has supported Maersk Supply Service in a dynamic riser assembly installation offshore Brazil. The operation at Mero field, in the pre-salt Santos basin, has enabled connection to a PRM (Permanent Reservoir Monitoring) sensor grid on a deepwater field. -
29 Oct 25
Denmark: BlueNord announces Q3 2025 results
BlueNord has published its third quarter 2025 results, delivering another quarter of robust operational and financial performance. As a result, BlueNord is proposing a cash dividend of USD 89 million for Q3 2025, bringing the total returns to shareholders year-to-date to USD 391 million. -
29 Oct 25
France: PNE sells two wind farm projects in France with a total capacity of 25.7 MW
The PNE Group continues to succeed in the French market and has completed the sale of two premium wind farm projects. 'Clermont-en-Argonne' wind farm is being taken over by JP Energie Environnement. 'Genouillé' wind farm has been purchased by Sorégies. -
28 Oct 25
UK: Keep wells in good shape to sustain production and support suppliers, operators told
New report shows well interventions contributed more than a month’s supply in 2024, despite drop in activity. Operators urged to collaborate with supply chain and unlock cost-efficient production. NSTA also keen for industry to target development drilling campaigns on existing fields. -
28 Oct 25
UK: NSTA publishes its latest Wells Insights Report
The NSTA published its latest Wells Insights Report on 28 October 2025, offering a comprehensive overview of UKCS well stock and activity and providing valuable insights into trends and performance across the basin. -
28 Oct 25
UK organisations accelerate decarbonisation planning as reality of 2030 targets triggers action
New research from Siemens has shown that UK businesses are increasingly concerned about their ability to meet decarbonisation targets, despite an eagerness to accelerate delivery of Net Zero. -
28 Oct 25
Brazil: Petrobras reports on record production of FPSO Almirante Tamandaré – Búzios 7
Petrobras reports that the FPSO Almirante Tamandaré, which operates in the Búzios field, in the pre-salt Santos Basin, reached an instantaneous record flow equivalent to 270,000 barrels of oil per day (bpd) last Saturday (10/25). On average, the platform's production exceeds 250,000 bpd throughout the month of October, representing a volume above its nominal capacity of 225,000 bpd. -
28 Oct 25
Borr Drilling announces contracting and collections update
Borr Drilling has announced contract extensions for three of its premium jack-up rigs and provided an update on collections in Mexico.
