Latest News
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04 Nov 25
Libya: National Oil Corporation announces a new oil discovery in the Sirte Basin.
Libya's National Oil Corporation has announced a new oil discovery by OMV in the Sirte Basin, at well B1 in Block 106/4. THe well produced over 4,200 barrels of oil per day, with gas production expected to exceed 2.6 million cubic feet daily. -
04 Nov 25
Libya: Chairman of the National Oil Corporation holds meeting with Eni CEO During ADIPEC 2025
As part of the National Oil Corporation’s (NOC) participation in the Abu Dhabi International Oil and Gas Exhibition and Conference (ADIPEC 2025), Eng. Masoud Suleman Musa, Chairman of the Board of Directors of the NOC, met with Mr. Claudio Descalzi, CEO of the Italian energy company Eni. -
04 Nov 25
Qatar: KBR awarded detailed engineering contract for the Bul Hanine oil and gas field in Qatar
KBR has been awarded a detailed engineering contract for the Bul Hanine oil and gas field in Qatar. Bul Hanine is one of Qatar’s significant offshore oilfields and a vital contributor to the country’s production portfolio. -
04 Nov 25
UK: Centrica completes investment in Sizewell C
Centrica has announced the completion of its acquisition of a 15% equity stake in Sizewell C1 following financial close and revenue commencement. As part of completion, Centrica has made an initial investment of £376 million into Sizewell C. -
04 Nov 25
UK: Finder Energy farms out North Sea Production Licence P2530 to Serica Energy - update
Finder Energy Holdings has announced the signing of a farmout agreement to assign a 40% interest in Seaward Production Licence P2530 to Serica Energy (UK). Finder will retain a 20% interest in, and operatorship of, the Licence, which contains the Wagtail Discovery (19 MMbbl Gross 2C Contingent Resources) and the low-risk Marsh and Bancroft exploration prospects. -
04 Nov 25
PETRONAS and Dragon Oil join forces to expand upstream reach
PETRONAS, through its subsidiary PETRONAS Carigali International Ventures, and Dragon Oil International have signed a Memorandum of Understanding (MoU), marking the beginning of a strategic collaboration in the upstream oil and gas sector. -
04 Nov 25
Azerbaijan: XRG to acquire stake in Southern Gas Corridor CJSC, expanding Caspian footprint
XRG, the international energy investment platform launched by ADNOC in November 2024, has signed non-binding Heads of Terms to acquire a stake in Southern Gas Corridor CJSC (SGC) from the Ministry of Economy of the Republic of Azerbaijan. -
04 Nov 25
BP announces third quarter 2025 results
bp has announced third quarter 2025 results. Strong operations contributed to good earnings and cash generation in the third quarter plus significant progress upstream and improved reliability and profitability downstream. -
04 Nov 25
Nordex Group delivers strong 3Q/2025 performance with significant margin expansion and robust free cash flow
Nordex Group delivers strong 3Q/2025 performance with significant margin expansion and robust free cash flow. Sales reached around EUR 1.7 billion in 3Q/2025, in line with the previous year quarter (3Q/2024: EUR 1.7 billion). -
04 Nov 25
UK: Serica Energy announces farm-in to UK North Sea P2530 Licence
Serica has reached agreement with Finder Energy for a 40% interest in the P2530 Licence, for an initial consideration of c.£500,000 (c.$650,000). The Licence is currently held by Finder Energy (60% operated interest) and Dana Petroleum (40% interest). -
04 Nov 25
SLB unveils groundbreaking new agentic AI technology for the energy industry
Global energy technology company SLB has announced the launch of Tela™, an agentic AI assistant purpose-built to transform the upstream energy sector. Tela leverages agentic AI to not only automate processes but transform workflows and drive better business outcomes. -
04 Nov 25
Norway: OKEA announces third quarter 2025 financial results
OKEA continued to deliver on and above plan on its operated assets and made a significant discovery with the Talisker exploration well at Brage. Production was solid, with the additional volumes produced from the new Sognefjord East well on Brage offsetting planned maintenance at other assets. -
03 Nov 25
UAE: THREE60 Energy accelerates Middle East growth with acquisition of Total Vision
THREE60 Energy, one of the fastest-growing companies in the global energy services sector, has announced a major step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi, United Arab Emirates (UAE).
