Latest News
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10 Nov 26
UAE: ADNOC Gas announces its results for the third quarter of 2026, delivering net income of $1.34 billion – double the previous quarter
ADNOC Gas and its subsidiaries, one of the world’s largest integrated gas companies, has announced its results for the third quarter of 2026, delivering net income of $1.34 billion – double the previous quarter. The strong performance across the domestic gas, LNG, export-traded liquids (ETL) and sulfur businesses drove the results, demonstrating the operational resilience, enhanced efficiency and commercial agility of the Company’s integrated portfolio. -
10 Nov 26
Egypt: Cheiron Energy signs new Concession Agreement in East Alexandria Offshore
Cheiron Energy has signed a new Concession Agreement with the Egyptian Natural Gas Holding Company (EGAS) for the East Alexandria offshore area in the Mediterranean. -
10 Nov 26
Italy: RWE starts construction of its first battery in Italy
RWE has started construction of its first Battery Energy Storage System (BESS) in Italy. The 62,5-megawatts (MW) Ragusa battery will be located in Sicily. It will consist of 42 containers with lithium-ion batteries, being able to deliver its maximum output for 4 hours. This corresponds to a nominal storage capacity of 262,5 megawatt hours (MWh). -
10 Nov 26
UK: Elemental Energies signs Viking CCS contract with Harbour Energy
Leading independent wells and subsurface specialist Elemental Energies has secured a contract with Harbour Energy to provide integrated subsurface and well engineering support for the extension of the Viking CCS project's carbon storage sites. The work will mature and materially de-risk the capacity, containment and injectivity associated with the project's expansion sites. -
10 Nov 26
UK: Beacon Energy provides update on Reabold Resources transaction
Beacon Energy has announced that, further to the Company’s announcement on 7 October 2026, it has now reached an agreement with Reabold Resources to extend the long stop date for the Second Acquisition under the Share Purchase Agreement ('SPA') to 28 February 2027. In addition, the Parties have agreed to waive the condition precedent in the SPA related to the award of the Production Concession for the Colle Santo Asset. -
10 Nov 26
UK: New report highlights diesel supply as key UK vulnerability
Failure to secure a future supply of North Sea oil will leave the UK and its European neighbours exposed to 'serious' diesel shocks, a major new report has found. The research, by PF Global, highlights the strategic importance of the UK’s North Sea oil and gas fields, such as Rosebank, and suggests it should be presented as part of the UK-EU reset talks, given their potential to supply European refineries over the coming decades. -
10 Nov 26
UK: Aberdeen to host EAGE Global Energy Transition Congress in 2027, as city cements its place at the heart of the energy transition
Following the standout success of the 87th EAGE Annual Conference & Exhibition at The Event Complex Aberdeen (TECA) this summer, EAGE has confirmed it will return to the city in 2027 with a landmark event: the Global Energy Transition Congress (GET). -
10 Nov 26
UK: Global demand for UK energy expertise raises stakes for homegrown energy ambitions
The UK risks losing the skills and industrial capability needed to deliver its offshore energy projects unless potential demand becomes a sustained programme of commercially viable work. OEUK’s 2026 Supply Chain report finds that just 35% of the 60 companies surveyed are confident about their UK business outlook over the next 12 months, while 8 in 10 expect a greater share of future investment and growth overseas. -
10 Nov 26
Namibia: QatarEnergy acquires interest in Namibian offshore exploration license
QatarEnergy has entered into an agreement to acquire a participating interest in an offshore exploration block in the Republic of Namibia from a subsidiary of Chevron. QatarEnergy will acquire a 25% interest in Petroleum Exploration License 0082 (PEL82), comprising blocks 2112B and 2212A. -
10 Nov 26
Namibia: Eco (Atlantic) Oil & Gas completes Namibian portfolio farm-down to BP
Eco (Atlantic) Oil & Gas has received formal Ministerial approval for the farm-down of a 60% participating interest in all three of its Petroleum Exploration Licenses ('PELs') offshore Namibia to BP Namibia Energy, a wholly owned subsidiary of BP Exploration Operating Company. -
10 Nov 26
Denmark: European Energy divests 50% of 323 MW Danish renewable energy cluster to Sampension
European Energy has agreed to sell 50 percent of the Glejbjerg and Holsted solar parks located in the municipality of Vejen in Denmark, together with a planned 87 MW / 351 MWh battery energy storage system, to Sampension. -
10 Nov 26
UK: A new window into the Jurassic world across the British Isles and surrounding offshore basins
This week marks the publication of a major new reference work on the Jurassic geology of Britain, Ireland and their contiguous offshore regions, published by the Geological Society of London. The volume represents the most comprehensive synthesis of Jurassic stratigraphy across the region for more than four decades and includes significant contributions from Merlin staff. -
10 Nov 26
UK marks 35 years of onshore wind
Nov 9 marks 35 years since the UK’s first onshore wind farm began to generate clean power. Delabole, located in Cornwall, became operational in November 1991, paving the way for a major new industry which now provides enough power to supply 10 million homes each year. -
10 Nov 26
South Africa: Panoro Energy reports material helium and natural gas potential confirmed at ER 376 onshore South Africa
Panoro Energy has announced that, following an independent assessment by Sproule ERCE, material prospective helium and natural gas resource potential has been confirmed at Exploration Right 376 ('ER 376') onshore South Africa in which Panoro holds a 100 per cent interest. ER376 is estimated to hold a gross recoverable un-risked mean of 85 Bcf of helium and over 4 Tcf of Methane. -
10 Nov 26
Odfjell Drilling signs contract with Vår Energi for the Deepsea Bergen
Odfjell Drilling has announced that further to the announcement made 10 September 2026, regarding a Letter of Award with Vår Energi for use of the Deepsea Bergen, that the Company has now formally signed a contract agreement. -
10 Nov 26
Aminex provides operational update from ARA Petroleum Tanzania, operator of the Ruvuma PSA
Aminex has provided an operational update from ARA Petroleum Tanzania Limited ('APT'), operator of the Ruvuma PSA, on the Ntorya gas development. -
09 Nov 26
Occidental announces Q3 2026 results
Occidental has announced results for the third quarter of 2026, including net income attributable to common stockholders of $1.6 billion, or earnings per diluted share (EPS) of $1.61, and adjusted income attributable to common stockholders of $2.0 billion, or adjusted EPS from continuing operations of $1.91.
