Latest News
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24 Feb 26
GoM: BOEM issues Record of Decision for Gulf Lease Sales 259 and 261
The Bureau of Ocean Energy has announced a Record of Decision reaffirming its prior decisions regarding Gulf of America’s Outer Continental Shelf Oil and Gas Lease Sales 259 and 261. -
24 Feb 26
Prosafe SE announces operational update – January 2026
Fleet utilisation for January 2026 was 100%. In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in January, delivering near 100% commercial uptime. Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK. -
24 Feb 26
Ukraine: Naftogaz secures first ever delivery of LNG via Germany terminal
Naftogaz Group has secured the supply of US liquefied natural gas (LNG) via Deutsche ReGas’s LNG terminal located on the island of Rügen (Germany) in the Baltic Sea. LNG will be sourced from the US and supplied in Germany by TotalEnergies. -
24 Feb 26
Cote d'Ivoire: Murphy Oil Corp announces results of Caracal exploration well in Côte d’Ivoire
Murphy Oil Corporation has announced results from the Caracal-1X exploration well in Block CI-102 offshore Côte d’Ivoire. The well, which reached a total depth of 8,534 feet (2,601 meters), will be plugged and abandoned as a dry hole after encountering hydrocarbon shows. -
24 Feb 26
Colombia: Parex Resources announces proposal to acquire Frontera Energy’s Colombian E&P assets
Parex Resources has submitted an acquisition proposal to Frontera Energy Corporation to acquire all of Frontera’s Colombian upstream business in an all-cash offer for consideration of US$500 million, plus the assumption of debt, in addition to a contingent payment of US$25 million with terms that are substantially the same as the existing acquisition agreement previously announced. The Proposal represents a US$125 million premium compared to the existing acquisition agreement. -
24 Feb 26
AF Gruppen awarded EPRD contract in the North Sea
AF Gruppen has, through its subsidiary AF Offshore Decom and in a consortium with Heerema Marine Contractors (HMC), been awarded a contract for the engineering, preparation, removal & disposal (EPRD) of a North Sea platform on the UK Continental Shelf. -
24 Feb 26
Mozambique: Technip Energies awarded a significant contract for the Coral Norte floating LNG project in Mozambique
Technip Energies, in partnership with JGC and Samsung Heavy Industries, has been awarded a significant contract by Mozambique Rovuma Venture (MRV), an Eni participated joint venture, to progress the work on the Coral Norte Floating Liquefied Natural Gas (FLNG) project, located offshore Mozambique. -
24 Feb 26
Indonesia: Pertamina and Halliburton sign an integrated unconventional fracturing MOU in Indonesia
PT Pertamina (Persero), Indonesia’s state-owned integrated energy company, and Halliburton, a global leader in energy services and technology, signed a memorandum of understanding (MOU) to accelerate the deployment of advanced well construction and stimulation technologies in Indonesia. -
24 Feb 26
Gabon/Cote d'Ivoire: VAALCO Energy announces encouraging operational update
VAALCO Energy has announced positive operational updates in Gabon and Cote d’Ivoire. The Company provided an update on its Gabon drilling program, including solid initial well results on the Etame 15H-ST well and the spudding of the next well. Additionally, the Company was confirmed as operator with a 60% working interest, with partner PetroCI having a 40% working interest in the Kossipo field, a discovery made in 2002 and later appraised in 2019 on the CI-40 block in offshore Cote d’Ivoire. -
24 Feb 26
Woodside releases full-year 2025 results
Woodside today reported record production of 198.8 million barrels of oil equivalent (MMboe), or 545 Mboe/day, for the full year 2025. The result was underpinned by outstanding production performance at Sangomar, producing at nameplate capacity for most of the year, and world-class reliability at our operated Pluto LNG and NWS Project assets. -
24 Feb 26
Energy Holdings Q4 2025: High earnings visibility and a clear framework for continued value creation
SED Energy Holdings delivered a strong fourth quarter, concluding a transformational year for the Group. Revenue and EBITDA increased significantly year-over-year, supported by higher activity and improved day rates. During the quarter, Energy Drilling commenced long-term contracts for EDrill-2 and GHTH, completing the transition to a fully contracted fleet and providing strong earnings visibility into 2026 and beyond. -
24 Feb 26
Denmark: BlueNord announces Q4 2025 results and proposed cash dividend for the quarter
BlueNord has announced its financial results for the fourth quarter and full year of 2025, delivering another quarter of robust operational and financial performance. As a result, BlueNord is proposing a cash dividend of USD 115 million for Q4 2025, representing 70 percent of net cash flow from operating activities for the period. -
23 Feb 26
Saudi Arabia: Saipem awarded a new offshore contract in Saudi Arabia worth approx. $500 million
Saipem has been awarded an additional offshore contract in Saudi Arabia under its existing Long-Term Agreement with Aramco. Saipem’s scope of work includes the Engineering, Procurement, Construction and Installation (EPCI) of a 48inch trunkline, comprising approx. 65 km offshore and 12 km onshore, as well as associated subsea facilities in the Safaniya oil field, one of the world’s largest offshore oil fields. -
23 Feb 26
South Africa: Sasol announces operating and financial results for the six months ended 31 December 2025
Sasol has released its operating and financial results for the six months ended 31 December 2025 (H1 FY26). Despite challenging macro-economic conditions, the company is progressing delivery on its strategic objectives.
