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18 Sep 25![]() |
Declines in output from existing oil and gas fields have gathered speed, with implications for markets and energy security - IEA The average rate at which oil and gas fields’ output declines over time has significantly accelerated globally, largely due to higher reliance on shale and deep offshore resources, meaning that companies must work much harder than before just to maintain production at today’s levels, according to a new IEA report. |
18 Sep 25![]() |
Brazil: Baker Hughes secures multi-year contract with Petrobras for offshore stimulation vessels Baker Hughes has announced a multi-year agreement with Petrobras to extend the deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting optimization of offshore oil and gas production in Brazil’s post and pre-salt fields. |
18 Sep 25![]() |
XRG-led Consortium concludes discussions with Santos The XRG-led Consortium has withdrawn its indicative offer and will not proceed with a binding offer for Santos. While the Consortium maintains a positive view of the Santos business, a combination of factors, when considered collectively, have impacted the Consortium’s assessment of its indicative offer. |
17 Sep 25![]() |
Liberia: TotalEnergies awarded four offshore exploration permits TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency. |
17 Sep 25![]() |
UK: Hibiscus Petroleum commences drilling at Teal West Development Hibiscus Petroleum has announced that the Shelf Drilling Fortress jack-up rig, prepared and mobilised from Invergordon, Scotland on 8 September 2025. It has successfully been positioned at site and spudded a new well at the Teal West field on the 14 September 2025, located 4 km from the Anasuria Floating, Production, Storage and Offloading ('FPSO') facility. |
17 Sep 25![]() |
1PointFive and NYK announce Carbon Removal Agreement 1PointFive, a carbon capture, utilization and sequestration (CCUS) company announced today that Nippon Yusen Kabushiki Kaisha (NYK), one of the world’s largest shipping companies based in Japan, purchased carbon dioxide removal (CDR) credits that will be enabled by 1PointFive’s Direct Air Capture (DAC) technology. |
17 Sep 25![]() |
Singapore: ABB to power Singapore’s first floating LNG terminal Hanwha Ocean, one of the leading shipbuilders in South Korea, has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal. |
17 Sep 25![]() |
Brazil: Weatherford announces Tubular Running Services contract award with Petrobras Weatherford International has been awarded a three-year, $147 million contract by Petrobras to deliver Tubular Running Services (TRS) in Brazil. |
17 Sep 25![]() |
US: Full steam ahead for Woodside Louisiana LNG Woodside Energy today celebrated the rapid progress in developing the $17.5 billion Louisiana LNG Project at a groundbreaking ceremony attended by leaders from the local community and state and federal governments. |
17 Sep 25![]() |
UK: Clean energy and jobs from publicly-owned Great British Energy Energy Secretary Ed Miliband has set out his vision for Great British Energy, detailing his expectations for how the UK’s publicly-owned clean power company will deliver on the government’s clean energy superpower mission – that will take back control of Britain’s energy supply to protect billpayers from global fossil fuel price spikes. |
17 Sep 25![]() |
Geoteric and PETRONAS Carigali sign landmark agreement to strengthen strategic partnership Geoteric, a world leader in AI-driven (Artificial Intelligence) seismic interpretation software and PETRONAS Carigali, a wholly-owned subsidiary of PETRONAS, have signed a landmark agreement to strengthen their strategic partnership. |
17 Sep 25![]() |
Ecuador: Nordex Group enters Ecuadorian market with first order for 112 MW wind project The Nordex Group has secured a first order from Ecuador. A project developer has placed an order for 19 N149/5.X turbines for a wind farm located in the southern part of the country. |
17 Sep 25![]() |
Capsol Technologies awarded first carbon capture study for a European metal production plant Capsol Technologies, a leading provider of carbon capture technology, has been awarded a engineering study evaluating the use of CapsolEoP® (End-of-Pipe) at a European metal production plant – broadening its addressable market with another carbon-intensive sector. |
17 Sep 25![]() |
Italy: Zenith Energy acquires solar energy project in Italy Zenith Energy has announced the signing of an agreement to acquire a solar energy development project located in the Puglia region of Italy by its wholly-owned Italian subsidiary created to manage its solar energy portfolio, WESOLAR. |
17 Sep 25![]() |
Spain: Prospex Energy announces Viura field update Prospex Energy has been advised by the operator of the Viura field, HEYCO Energia Iberia, that the resumption of production following the completion of the workover of the Viura-1B well, in the Viura gas field in northern Spain, has been delayed owing to an unforeseen event during the well testing. |
17 Sep 25![]() |
Suriname: Staatsolie plans to conduct a seismic survey in the Shallow Offshore area, offshore Suriname Staatsolie plans to conduct a seismic survey in the Shallow Offshore area, offshore Suriname. This area, covering approx. 2,000 sq km, is located off the coast of Saramacca and Coronie at a water depth of 20 to 50 meters. The purpose of this survey is to collect data for the assessment of potential oil and gas reserves. |
17 Sep 25![]() |
Indonesia: MedcoEnergi enhances core South Sumatra footprint Medco Energi has agreed to acquire a 45% operating interest in the Sakakemang PSC and an 80% operating interest in the South Sakakemang PSC located in South Sumatra, Indonesia. |
16 Sep 25![]() |
Indonesia: Aquaterra Energy awarded early-stage subsea analysis contracts with INPEX in Indonesia Aquaterra Energy, a leader in offshore engineering solutions, has secured multiple offshore analysis contracts with INPEX Masela, a subsidiary of INPEX Corporation, Japan’s largest oil and gas exploration and production company. The work will support upcoming subsea drilling campaigns offshore of Indonesia. |
16 Sep 25![]() |
RWE successfully issues its second US dollar green bond, strengthening its US debt financing RWE has successfully issued its second green US dollar bond with a total volume of US$2 billion. Funds will be used to finance projects according to RWE’s Green Financing Framework. |
16 Sep 25![]() |
France: Neoen wins 47 MWp of solar projects in France Neoen was awarded three solar projects amounting to 46.8 MWp in the latest round of French government tenders. One of the projects is a 35.4 MWp floating solar farm in the Aube. All three projects will be operational by 2029. |
16 Sep 25![]() |
UK: Hydrogen Milestone: UK’s first Hydrogen-to-Power trial at Brigg Energy Park Centrica and HiiROC, supported by the Net Zero Technology Centre (NZTC), have successfully demonstrated the injection of hydrogen into a gas-fired peak power plant at Centrica’s Brigg Energy Park, North Lincolnshire. The trial marks a UK first in using hydrogen to decarbonise peak power generation supplying power directly to the electricity grid. |
16 Sep 25![]() |
UK: Centrica and X-Energy agree to deploy UK’s first Advanced Modular Reactors Centrica and X-Energy, a wholly-owned subsidiary of X-Energy Reactor Company, have announced their entry into a Joint Development Agreement (JDA) to deploy X-energy’s Xe-100 Advanced Modular Reactors ('AMR') in the United Kingdom. |
16 Sep 25![]() |
UK: Spirit Energy boosts gas production from Morecambe fields Spirit Energy has completed the latest in a series of activities to boost gas production from its Morecambe hub, investing approximately £20 million to maximise economic recovery from the fields, located in the East Irish Sea. |
16 Sep 25![]() |
Ghana: Eni and its OCTP partners sign an agreement with the Government of Ghana to strengthen energy production and promote sustainability Eni, together with its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), has signed a Memorandum of Intent with the Government of Ghana, represented by the Minister of Energy and Green Transition and the Minister of Finance, targeting the country’s oil and gas production increase and new sustainable initiatives. |
16 Sep 25![]() |
US/Canada: Chord Energy announces strategic acquisition of Williston Basin assets Chord Energy has announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy Inc. and affiliates, subsidiaries of Exxon Mobil Corporation, for total cash consideration of $550 million. |