Latest News
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19 Oct 26Australia: Buru Energy submits application for a Production Licence for its Rafael Conventional Gas Project.
Buru Energy has submitted the application for a Production Licence (PL) over the Rafael gas and condensate field in Exploration Permit EP 428 in Western Australia’s onshore Canning Basin. Buru’s 100% owned Rafael Conventional Gas Project is the only proven conventional gas and liquids resource in the greater Kimberley region. -
19 Oct 26
Brazil: Petrobras platform P-82 (Búzios 10) begins its journey to Brazil
The P-82 platform left the Tuas Boulevard Yard shipyard in Singapore this Sunday (October 18th), heading towards the Búzios field in the pre-salt layer of the Santos Basin , the largest field in Brazil in terms of reserves and production. The P-82 is part of a set of six giant Petrobras platforms, with a nominal capacity to produce 225,000 bdp and compress 12 million cubic meters of gas, among the largest in the world industry. -
19 Oct 26
US Gulf: Transocean announces contract awards totaling $550 million
Transocean has announced contract awards for two of its ultra-deepwater drillships in the U.S. Gulf. In aggregate, the fixtures represent approx. $550 million in firm contract backlog. -
19 Oct 26
Merlin supporting the next generation
As part of our commitment to supporting future talent, last week we were delighted to host a local Year 11 student for a work experience placement. During their time with us, they had the opportunity to gain first-hand insight into our day-to-day operations, work alongside our team, develop practical skills, and learn about geology and its vital role in the geological industries. -
19 Oct 26
Ireland: EirGrid completes 2026 marine and coastal survey campaign for Powering Up Offshore – South Coast
EirGrid, the electricity Transmission System Operator (TSO) for Ireland, has successfully completed its 2026 marine and coastal survey campaign for the Powering Up Offshore – South Coast programme, marking another important milestone in the development of the electricity grid infrastructure needed to connect offshore renewable energy from Ireland's south coast to homes, businesses and communities. -
19 Oct 26
UK: Foresight Energy Infrastructure Partners II partners with Gilkes Energy via strategic investment into Earba Pumped Storage Hydro
Foresight has announced that Foresight Energy Infrastructure Partners II SCSp ('FEIP II'), has made a significant investment in Gilkes Energy’s Earba Pumped Storage Hydro (PSH) project. Earba is a 1.8 GW / 40 GWh long-duration energy storage project in the Scottish Highlands and one of the largest PSH projects currently under development in the UK. -
19 Oct 26
UK: SNP ends 'presumption against' new oil and gas developments
The SNP has ended its 'presumption against' policy on new oil and gas developments. At the party's conference at the P&J Live, members overwhelmingly backed a motion by energy minister Stephen Gethins to shift the party's attitude on the issue, endorsing domestic production over importing from overseas. -
19 Oct 26
Norway: Vår Energi and Equinor announce gas and condensate discovery in the Norwegian Sea (6407/5-3 S)
Vår Energi and Equinor have made a gas and condensate discovery in the 'Lakris' prospect in the Gimsan Basin on the Halten Terrace in the Norwegian Sea. The well has been permanently plugged and abandoned. -
19 Oct 26
Kistos announces Q3 2026 Trading Statement and Operational Update
Kistos, an independent energy company focused on unlocking value within its existing portfolio and through value-accretive M&A, has provided an operational and unaudited financial update for the nine-month period ended 30 September 2026. -
19 Oct 26
UK: Serica Energy announces trading and operations update
AIM-listed Serica Energy has announced a trading and operations update in respect of the third quarter and first nine months of 2026. The benefit of an increasingly diversified portfolio means that current Serica production is around 40,000 boepd, even prior to the delayed resumption from the Triton FPSO following its annual maintenance. -
19 Oct 26
Italy: Zenith Energy acquires 10 MWp PV Development Project in Lombardy and provides Italian Production Update
Zenith Energy, the international energy production and development company, has announced the acquisition of a further ground-mounted photovoltaic development project with an indicative installed capacity of approx. 10 MWp, located in the Province of Pavia, in the Lombardy region of Italy. -
19 Oct 26
Mongolia: Petro Matad provides an update on its renewable energy activities in Mongolia
Petro Matad, the AIM quoted Mongolian oil company, has provided an update on its renewable energy activities in Mongolia. The Company has signed an MOU covering cooperation on a renewable energy export initiative from Mongolia into China targeting a capacity of 4.5GW as a first phase, supported by 500MWh of battery storage. -
19 Oct 26
UK: EnergyPathways announces data access agreements
AIM-listed EnergyPathways, the UK energy transition company, announces that it has entered into a number of technical agreements giving it access to a suite of geotechnical data and analytical services to support the development concept for the salt caverns at its MESH project in the East Irish Sea and at Barrow-in-Furness, Cumbria. -
19 Oct 26
Timor Leste: Sunda Energy announces Timor-Leste PSC extension and update
Sunda Energy has announced that its wholly owned subsidiary SundaGas has received from Timor-Leste upstream regulator Autoridade Nacional do Petróleo ('ANP') an extension of 12 months to the current phase of Production Sharing Contract TL-SO-19-16. -
19 Oct 26
Canada: Pennpetro Energy signs Heads of Agreement for the proposed acquisition of ICENERGY
Pennpetro Energy has entered into Heads of Agreement with Indigenous Canadian Energy Holdings Inc. ('ICENERGY') in relation to the proposed acquisition by Pennpetro of the entire issued share capital of ICENERGY. -
19 Oct 26
Timor Leste: Finder Energy secures drilling rig for KTJ development
Finder has executed a contract with ENEOS Drilling for the Hakuryu-5 semi-submersible drilling unit to undertake the KTJ development drilling campaign offshore Timor-Leste. -
18 Oct 26
IEA Governing Board statement on energy markets and security
In it's Oct 15 meeting, the IEA Governing Board reiterated its commitment to international energy security. The IEA Governing Board noted the IEA Secretariat's most recent assessments, which point to continued tightness in oil markets, notably for diesel. They stated their willingness to take further actions to address challenges in global energy markets, building on the G7 statement of 2 October. -
18 Oct 26
Equinor exercises options for two additional wells for Deepsea Atlantic
Odfjell Drilling has announced that Equinor Energy has exercised priced options for two additional wells for Deepsea Atlantic, in direct continuation of the rig’s current contract.
