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05 Dec 25	Thailand: Eni signs a long-term LNG sale agreement with Thai Gulf Development Company, further enhancing its global marketing footprint Eni has entered into a long-term LNG sales agreement with Thailand’s Gulf Development Company that reinforces the company’s strategy to grow a diversified global portfolio and secure stable, multi-year relationships in key international markets.
05 Dec 25	Norway: Equinor and its partner Aker BP have discovered hydrocarbons in the 'Lofn' and 'Langemann' prospects. Equinor and its partner Aker BP have discovered hydrocarbons in the 'Lofn' and 'Langemann' prospects. Wildcat wells 15/5-8 S and 15/5-8 A were drilled 7 kms north of the Eirin field (15/5-2) in production licence 1140.
05 Dec 25	Norway: Equinor makes new discoveries in the North Sea Equinor has made two new discoveries of gas and condensate in the Sleipner area of the North Sea. These are Equinor’s largest discoveries so far this year and can be developed for the European market through existing infrastructure.
05 Dec 25	Norway: Rapid development extends the lifetime of Norne On 2 December production started from the Verdande subsea field in the Norwegian Sea. The field is tied back to the Norne FPSO. With reserves of 36 million barrels of oil, Verdande helps extend Norne’s production beyond 2030.
05 Dec 25	Norway: Wood to help boost gas integration at Equinor’s Snorre field Wood, a global leader in consulting and engineering, has secured a new $27 million engineering, procurement, construction and installation (EPCI) contract with Equinor to deliver critical infrastructure upgrades supporting the continued development of the Snorre field in the Norwegian North Sea.
05 Dec 25	Pennpetro Energy announces unaudited consolidated interim results for the six months ended 30 September 2024 Pennpetro Energy, the company focused on developing strategic traditional and transition energy projects, has announced its financial results for the six months ended 30 September 2024.
05 Dec 25	UK: Bilfinger offshore workers to strike over pensions Unite has announced that over 400 offshore members employed by Bilfinger UK Limited have supported taking strike action in an escalating dispute over pensions.
05 Dec 25	UK: PDi supports delivery of the Victory Gas Field development PDi has supported Shell in delivering the Victory Gas Field development West of Shetland, helping bring new domestic gas into Britain’s grid. The Victory project is a single well subsea tie back located around 47 kilometres north west of Shetland, connected into the Greater Laggan Area network and routed to the Shetland Gas Plant before entering the National Grid at St Fergus.
05 Dec 25	UK: Finalists revealed for 2026 Subsea Expo Awards Companies at the forefront of the UK’s underwater industry have been recognised for their vital and innovative work as the 2026 Subsea Expo Award finalists are revealed. Organised by Global Underwater Hub (GUH), the leading trade and industry development body for the UK’s underwater sectors, the prestigious awards dinner is a highlight of the annual Subsea Expo conference and exhibition.
04 Dec 25	Brazil: Shell grows interest in Atapu and Mero units offshore Brazil Shell, has secured additional equity in Brazil’s pre-salt oil projects following an auction led by Pré-Sal Petróleo. Together with Petrobras, Shell Brasil deepened its stake in Atapu and Mero units located in the offshore Santos Basin. The increased working interest is expected to take effect from 2027.
04 Dec 25	Italy: RWE successful with four wind and solar projects in Italian renewables auction Contract for difference awarded to four projects with a combined capacity of 68 megawatts across Italy: Serra Giannina wind farm in Basilicata, Ponte Valentino 1 & 2 solar plants in Campania, Carcitella Agri-PV plant in Sicily.
04 Dec 25	Netherlands: RWE and TotalEnergies to collaborate with ARC marine on nature-inclusive Reef cubes at OranjeWind wind farm RWE and TotalEnergies have signed an agreement with ARC marine for the supply of 66 innovative Reef cubes® at a section of the future offshore wind farm OranjeWind, in the Dutch North Sea. Installation of the foundations of OranjeWind will start in 2026.
04 Dec 25	UK: Ofgem unlocks £28 billion investment to maintain a safe, secure and resilient energy grid and upgrade and expand capacity to meet growing demands Energy network companies have been given the green light for multi-billion-pound funding to strengthen the stability, security and resilience of our energy networks. This investment will upgrade power and gas grids, creating a future-ready system that better shields customers from volatile energy bills.
04 Dec 25	US: TGS completes 13-basin reservoir characterization across 48,000+ wells and delivers 3,700+ maps powering exploration and carbon storage insights TGS has completed a multi-year reservoir characterization project across 13 U.S. basins, providing formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.
04 Dec 25	UK: Vattenfall reports successful demonstration of cutting-edge air defence technology at Aberdeen Offshore Wind Farm LiveLink Aerospace, in collaboration with Vattenfall and the Offshore Renewable Energy (ORE) Catapult, has successfully completed a demonstration of its air defence radar technology at Aberdeen Offshore Wind Farm. The event marks a significant milestone in the UK’s efforts to balance clean energy expansion with national defence priorities.
04 Dec 25	Westwood Insight – Those calling for more exploration may be disappointed The number of companies drilling high impact (HI) exploration wells has fallen by 50% between 2010–2014 and 2020–2024. Westwood’s latest Wildcat report examines where these HI explorers have gone, the consequences of fewer active players, and which companies are still committed to drilling HI wells. Key findings from the report are shared in this insight.
04 Dec 25	UK: Great British Energy publishes its first Strategic Plan Great British Energy (GBE) today sets out a clear, practical plan to accelerate the UK’s shift to renewable power and strengthen the nation’s industrial backbone. Today’s publication outlines GBE’s priorities for the next five years and shows how a publicly owned energy company can drive investment, support workers, and ensure communities feel the benefits of the energy transition.
04 Dec 25	Germany: Borkum Riffgrund 3, Ørsted’s largest offshore wind farm in Germany, produces first power A new milestone for Ørsted in Germany: Borkum Riffgrund 3 is feeding power into the grid. Ørsted and Nuveen have leveraged leading European suppliers to deliver the 913 MW offshore wind farm, which will enable German industry to decarbonise at a large scale once fully operational.
04 Dec 25	Var Energi drills oil and gas discovery in the Barents Sea Vår Energi and its partners have discovered oil and gas in the 'Goliat Nord' prospect. Wildcat well 7122/7-8 has been drilled in production licence 229, 3 kilometres from the Goliat facility.
04 Dec 25	Norway: Vår Energi confirms another oil discovery near the Goliat field in the Barents Sea Vår Energi has confirmed an oil discovery in the Goliat North exploration well, located close to the Vår Energi operated Goliat field in the Barents Sea.
04 Dec 25	Chevron announces 2026 capex budget of $18 to $19 billion Chevron has announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026.
04 Dec 25	Norway: Magnora adds 100 MW data center project to its Norwegian portfolio On 4 December 2025, Magnora launched Magnora Scale Averøya, a high-density AI-ready data center project close to Kristiansund with capacity up to 100 MW.
04 Dec 25	Eco Atlantic enters Framework and Option Agreements with Navitas Petroleum Eco Atlantic enters Framework and Option Agreements with Navitas Petroleum for the Orinduik Block offshore Guyana and Block 1 CBK offshore South Africa as well as future oil and gas cooperation.
04 Dec 25	Egypt: ABL and PMS in Egyptian rig moving partnership ABL is partnering with Egypt’s Petroleum Marine Services Co. (PMS) to introduce a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC).
04 Dec 25	US: Crescent Energy provides update on successful non-core divestiture program with over $900 million signed year to date Crescent Energy Company has announced the sale of its non-operated DJ Basin assets to a private buyer for $90 million in cash, subject to customary post-closing purchase price adjustments. The assets, primarily located in Weld County, Colorado, have current production of approximately 7 Mboe/d (~20% oil).