energy-pedia news

Search energy-pedia news by selecting date, type, and region from the drop-down boxes

The full News Archive is available to Corporate Subscribers only. Non-Subscribers can access up to four years of archived news. For details of how to subscribe click here.

Reset

06 May 26	Chevron reports first quarter 2026 results Chevron reported earnings of $2.2 billion ($1.11 per share - diluted) for first quarter 2026, compared with $3.5 billion ($2.00 per share - diluted) in first quarter 2025. Included in the quarter was a net loss of $360 million related to a legal reserve. Foreign currency effects decreased earnings by $223 million. Adjusted earnings of $2.8 billion ($1.41 per share - diluted) in first quarter 2026 compared to adjusted earnings of $3.8 billion ($2.18 per share - diluted) in first quarter 2025.
06 May 26	TotalEnergies develops Pangea 5, a Next-Generation Supercomputer that will increase its computing power sixfold TotalEnergies, in collaboration with Dell Technologies and NVIDIA, has announced the signing of a contract for the design and installation of Pangea 5, its next high-performance supercomputer.
06 May 26	Expro to acquire Enhanced Drilling Energy services provider Expro has entered into a definitive agreement to acquire Enhanced Drilling, a technology leader in managed pressure drilling (MPD), creating a growth platform that expands Expro’s drilling and completion capabilities throughout the well lifecycle.
06 May 26	Malaysia: PETRONAS and ENEOS Xplora strengthen strategic partnership to support long-term energy security PETRONAS and ENEOS Xplora ('ENEOS') have reaffirmed their long-standing partnership, first established in 1995, through the signing of definitive agreements formalising ENEOS’ re-entry into Malaysia LNG Tiga Sdn. Bhd. (MLNG Tiga).
06 May 26	'European leadership depends on integration, scale, and protection of strategic industries' Industrial Champion – Event in Hamburg marked 10 years since the integration of Nordex and ACCIONA Windpower. 'Europe is the world leader in decarbonisation and electrification. Whether the continent continues to lead or not depends on the market integration, scale, and protection of strategic industries,' said José Manuel Entrecanales, Chairman and CEO of ACCIONA.
06 May 26	Ørsted delivers progress and strong operational performance Ørsted delivered strong operational performance in the first quarter of 2026 with an EBITDA (excluding new partnerships and cancellation fees) of DKK 9.5 billion. During Q1 2026, Ørsted also made significant progress on its construction projects across three continents.
06 May 26	US: INEOS and Shell agree to progress new oil and gas opportunities in the Gulf of America INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America.
06 May 26	US: Union Jack Oil announces spudding of Crossroads well, Oklahoma USA AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has been informed by Reach Oil and Gas Company (the 'Operator'), that the Crossroads Well was spudded on 5 May 2026. Union Jack currently holds a 43% interest in the project.
06 May 26	UK: NSTA decision to offer Gas Storage Licence to EnergyPathways AIM-listed EnergyPathways, the UK energy transition company, has announced that its wholly owned subsidiary, EnergyPathways Irish Sea Limited, is to be awarded a Gas Storage Licence ('GSL') by the North Sea Transition Authority ('NSTA') in connection with its MESH project.
06 May 26	Scatec first quarter 2026: Driving growth across our global portfolio In the first quarter, Scatec continued to progress its near-term growth portfolio, which is at an all-time-high. Proportionate revenues were NOK 1,640 million (2,387 million), and EBITDA was NOK 774 million (1,379 million).
06 May 26	Egypt: Scatec signs equity partnership agreement for Obelisk in Egypt Scatec, a leading renewable energy solutions provider, has signed a shareholder agreement with National Bank of Egypt (NBE), the largest commercial bank in Egypt, for an equity partnership in Scatec’s 1.1GW solar and 100MW/200MWh battery storage hybrid project, Obelisk in Egypt.
06 May 26	Equinor announces first quarter 2026 results Equinor delivered an adjusted operating income of USD 9.77 billion and USD 2.86 billion after tax in the first quarter of 2026. Equinor reported a net operating income of USD 8.78 billion and a net income of USD 3.10 billion. Adjusted net income was USD 3.70 billion, leading to adjusted earnings per share of USD 1.48.
06 May 26	Brazil: DOF Group awarded 12-year charter/services contracts for each of 4 x RSV newbuilds in Brazil DOF Group has announced the award, following a competitive tender process, of 12-year long-term charter/services contracts for ROV Support Vessels ('RSV') in Brazil.
06 May 26	Occidental announces Q1 2026 results Occidental has announced results for the first quarter of 2026, including net income attributable to common stockholders of $3.2 billion, or earnings per diluted share (EPS) of $3.13, and adjusted income from continuing operations attributable to common stockholders of $1.1 billion, or adjusted EPS from continuing operations of $1.06.
05 May 26	Germany: Vestas announces 117 MW of orders in Germany Vestas has announced three orders in Germany as part of its Q2 order intake. The orders comprise: Nienwohlde 31 MW, Vogelsberg 50 MW and Münk Arbach 36 MW.
05 May 26	Norway announces awards in predefined areas (APA) 2026 The Ministry of Energy announced APA 2026 on 5 May 2026, encompassing the predefined areas with blocks in the North Sea, Norwegian Sea and Barents Sea.
05 May 26	Mexico: EnerMech wins major subsea pre-commissioning contract for Subsea7 on Trion development EnerMech has been awarded a significant contract by Subsea7. This latest award reinforces EnerMech’s strong capability in the Americas and its commitment to supporting clients with technical expertise, operational reliability and integrated solutions that improve certainty across complex offshore developments
05 May 26	OEUK: Scottish Government support for Scottish industry matters With the Scottish election now just days away, Offshore Energies UK (OEUK) has underlined the importance of strong and consistent cross-party support for the industries that underpin jobs, investment and energy security across the country.
05 May 26	RWE announces changes to the Management Board of RWE Offshore Wind GmbH Sven Utermöhlen, CEO of RWE Offshore Wind, will leave the company at his own request on 30 September 2026; he will continue to advise RWE’s offshore wind business for six to twelve months. Tobias Keitel will become the new CEO of RWE Offshore Wind on 1 October 2026; Julian Garnsey will succeed Tobias Keitel as CTO.
05 May 26	Germany: Statkraft and SUNCATCHER agree on the marketing of three solar and battery storage facilities in Germany Statkraft, one of Europe’s leading providers of renewable energy solutions, and SUNCATCHER, an international renewable energy project developer and operator, have signed an agreement covering the marketing of three combined solar and battery storage systems in Germany.
05 May 26	Australia: DOF Group announces contract award in the APAC Region DOF has announced a Substantial contract award for Subsea Commissioning Support services in the APAC Region. Skandi Inventor will be deployed for the execution of the offshore operations scheduled to commence in Q2 2027 in North Australian waters.
05 May 26	Colombia: Frontera Energy obtains final order approving plan of arrangement Frontera Energy has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement pursuant to which Parex Resources will acquire all of Frontera's Colombian upstream business consisting of Frontera's oil and gas exploration and production assets in Colombia, its reverse osmosis water treatment facility and its palm oil plantation.
05 May 26	Peru: Condor Energy raises A$2.25 million to advance offshore Peru portfolio Condor Energy has received firm commitments to raise A$2.25 million (before costs) via a placement of new fully paid ordinary shares. The Company's focus is on advancing high-impact oil exploration targets which has already identified over 3 billion barrels of potential toward drilling readiness, while in parallel progressing licence conversion and gas commercialisation activities.
05 May 26	India: GE Vernova to deliver pumped-storage technology for India’s 1.35 GW Upper Sileru hydropower plant GE Vernova has secured an order from Megha Engineering & Infrastructures Limited (MEIL) to deliver nine 150 MW pumped-storage units for the 1.35 GW Upper Sileru hydropower plant, located in the state of Andhra Pradesh in India.
05 May 26	Kosmos Energy announces Q1 2026 results - delivers record quarterly production Kosmos Energy has announced its financial and operating results for the first quarter of 2026. For the quarter, the Company generated a net loss of $226 million, or $0.45 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $36 million, or $0.07 per diluted share for the first quarter of 2026.