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18 May 26
DNV launches coordinated standards to improve safety and reliability of floating solar
DNV has published two new standards aimed at improving the safety, reliability and long-term performance of floating solar photovoltaic (FPV) systems, supporting the rapid global growth and expansion of renewables.
18 May 26
Canada: Eni completes investment in Nouveau Monde Graphite
Eni has announced the closing of the equity investment in Nouveau Monde Graphite Inc. ('NMG'), a Canadian company listed on the Toronto Stock Exchange and the New York Stock Exchange, operating in the natural graphite and advanced battery materials industry.
18 May 26
US: 88 Energy announces South Prudhoe Prospective Resource Upgrade, North Slope Alaska
88 Energy has announced a material update to the Prospective Resource Estimate for its South Prudhoe Project (100% W.I.), located on Alaska's North Slope immediately south of the Prudhoe Bay Unit (PBU) and Kuparuk River Unit (KRU). For the South Prudhoe Project the estimated total gross unrisked 2U Prospective Resource has been revised to 768.9 million barrels of oil and NGL's (MMbbls), 640.7 MMbbls net to 88E.
18 May 26
Cue Energy provides update on Horizon takeover offer
Cue Energy Resources refers to the unsolicited, off-market takeover offer by Horizon Oil to acquire all fully paid ordinary shares in Cue that Horizon does not already hold a relevant interest in.
18 May 26
UK: Europa Oil & Gas announces Cloughton well planning application update
Europa Oil & Gas has announced that, further to its announcement of 27 April 2026, it has been notified by North Yorkshire Council that the Local Planning Authority has now issued its decision to refuse planning permission for the Cloughton gas appraisal well.
18 May 26
BW Offshore announces first quarter results 2026
BW Offshore has announced first quarter results 2026. Highlights include: Q1 EBITDA of USD 47.9 million and operating cash flow of USD 43.3 million. Robust balance sheet with USD 568 million in available liquidity. BW Opal production restarted, commissioning and practical completion expected mid-2026. Signed FEED with Equinor for Bay du Nord FPSO and established local office in St. John’s. Extended BW Catcher contract through 2030. Strategic review progressing. Full-year 2026 EBITDA guidance revised to USD 310-340 million.
18 May 26
Australia: INPEX to acquire minority share in Browse
INPEX CORPORATION has announced that through its subsidiary, INPEX Mirai Upstream Pty Ltd, it has entered a sales and purchase agreement with PetroChina International Investment (Australia) Pty Ltd (CNPC) to acquire CNPC’s 10.67 percent participating interest in the Browse joint venture, including the Browse titles covering the Brecknock, Calliance and Torosa gas fields offshore Western Australia.
18 May 26
Italy: Magnora adds 30 MW data center project to its portfolio in Italy
Magnora, a developer of data center, wind, solar, and battery projects, as well as a data center operator, has secured its second data center (DC) project in Italy, bringing Magnora’s DC project portfolio to gross 585 MW and net 460 MW.
18 May 26
US: Santos announces first oil at Pikka in Alaska
Santos has announced first oil from the Pikka phase 1 development on Alaska’s North Slope, with oil flow established through the Lease Automated Custody Transfer (LACT) meter into the Pikka sales oil line.
17 May 26
UK: OEUK convenes North Sea leaders at CCS & Hydrogen Summit in June
Industry, government and regulators will meet at OEUK’s first North Sea CCS & Hydrogen Summit (1–2 June) to discuss how to accelerate Carbon Capture and Storage (CCS) and hydrogen projects and infrastructure, strengthen supply chains, and align standards across the basin.
17 May 26
US: Technip Energies receives Full Notice To Proceed on major EPC contract with Commonwealth LNG in the United States
Technip Energies has received Full Notice To Proceed (FNTP) for a major Engineering, Procurement, and Construction (EPC) contract with Commonwealth LNG, a Caturus company, for its 9.5 Mtpa liquefied natural gas (LNG) export facility in Cameron Parish, Louisiana, United States.
17 May 26
UK: Aberdeenshire Council gives Ocean Winds consent for underground cable corridor that will connect 2GW Caledonia project to the grid
Ocean Winds, a 50/50 joint venture between EDPR and ENGIE dedicated to offshore wind energy, and the largest offshore wind operator in Scotland, has received full onshore planning consent for its Caledonia Offshore Wind Farm.
17 May 26
Malaysia: Velesto Energy secures first asset-light rig contract from Hibiscus
Velesto Energy, through its wholly-owned subsidiary, Velesto Drilling, has secured a contract from Hibiscus Oil & Gas Malaysia, marking the Group’s first contract utilizing a third-party jackup rig under a charter arrangement. The contract is for the provision of a jack-up drilling rig for Hibiscus’ 2026 offshore drilling campaign in Malaysia.
17 May 26
Philippines: Scatec JV starts commercial operation of battery system in the Philippines
Scatec’s joint venture with Aboitiz Power in the Philippines has started commercial operation of the 16 MW Magat battery energy storage system (Magat BESS 2)'
17 May 26
UK: Prosafe SE: Safe Caledonia contract signed with Ithaca Energy for Captain field in the UK
Prosafe has signed a contract for the Safe Caledonia to provide accommodation support for Ithaca Energy at the Captain field in the UK sector of the North Sea for a firm period of 6 months commencing Q2 2027.
15 May 26
TGS | 4C analysis flags rising subsea cable demand and vessel bottlenecks driven by offshore wind growth
Offshore wind growth is accelerating demand for subsea cables, larger installation vessels and more resilient supply chains, creating new pressure points for project delivery through 2030 and beyond.



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