Latest News
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12 Oct 26
UK: North Sea can help plug £35bn Budget blackhole
As Chancellor John Healey reportedly faces a £35 billion dilemma between raising taxes and cutting public spending, Aberdeen & Grampian Chamber of Commerce is highlighting the £15 billion of untapped tax revenues in the North Sea. -
12 Oct 26
Poland: Central European Petroleum reports a significant oil discovery in the 100% owned and operated Wolin East 1 (WE1) well, offshore Poland
Central European Petroleum (CEP) has made a significant oil discovery (33.4 API oil) in the 100% owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea. The Wolin East oil discovery is estimated to contain mean recoverable oil, sales gas and natural gas liquids totalling 200 million barrels of oil equivalent (mmboe). -
12 Oct 26
DOF Group awarded subsea decommissioning contract in the North Sea
DOF Group has announced the award of a Significant* contract with a North Sea operator for a subsea decommissioning campaign. The offshore campaign is scheduled for execution during the first quarter of 2027. -
12 Oct 26
UK: OEG awarded contract by Ørsted to power the construction of Hornsea 3
Leading global energy solutions company, OEG, has been awarded a contract by Ørsted to deliver temporary power to the Hornsea 3 Offshore Wind Farm during offshore converter station commissioning works and the turbine installation and commissioning phase. -
12 Oct 26
UK: Ørsted to take full ownership of Gunfleet Sands 1 & 2 Offshore Wind Farm in the UK
Ørsted has exercised a long-standing buyback right in relation to the Gunfleet Sands 1 & 2 Offshore Wind Farm, in which Ørsted currently holds a 50.1 % ownership interest. Under the agreement, Ørsted will acquire the remaining 49.9 % ownership interest from its investment partners for a total consideration of approximately GBP?15 million. -
12 Oct 26
Ithaca Energy announces amendment and restatement of reserve based lending facility
thaca Energy has announced that its wholly owned subsidiary, Ithaca Energy (UK) Limited, has successfully agreed an amendment and restatement of its US$1,800,000,000 senior reserve based lending ('RBL') facility (US$1,300,000,000 loan facility and US$500,000,000 letter of credit facility). -
12 Oct 26
Falklands: Borders & Southern Petroleum has raised £2 million to advance the continued development of its 100% held Darwin gas condensate discovery
AIM-listed Borders & Southern Petroleum, the London based independent oil and gas company with assets offshore the Falkland Islands, has raised £2 million, before expenses, to advance the continued development of its 100% held Darwin gas condensate discovery. The Fundraising comprises a direct placing of shares to a single investor. -
12 Oct 26
Indonesia: Eni signs two agreements for the sale of stakes in selected upstream assets in Indonesia
Eni has signed two binding agreements to sell interests in selected Indonesian upstream assets operated by Searah, the independent 50/50 joint venture between Eni and Petronas. -
12 Oct 26
UK: European Energy secures Jyske Bank financing for 57 MWp UK solar project
European Energy has secured construction financing from Jyske Bank for the 57.4 MWp Snakes Meadow solar project in Bedfordshire in the East of England. -
12 Oct 26
US: TotalEnergies expands its Joint Venture with KKR with the addition of a 700 MW Renewables Portfolio
TotalEnergies and KKR, a leading global investment firm, have announced the signing of an agreement to add 700 MW to the 50/50 Joint-Venture (JV) they created in the U.S. in 2025, which currently holds 1.4 GW. -
12 Oct 26
Seatrium reinforces strategic partnership with Carnival Corporation
Seatrium has renewed its multiyear agreement with the world’s largest cruise operator, Carnival Corporation, extending a longstanding strategic partnership established since 2010. The agreement underscores Seatrium's established track record and leading capabilities in delivering complex cruise ship maintenance, upgrades, revitalisations and retrofit solutions. -
12 Oct 26
Colombia/Ecuador: Gran Tierra Energy stockholders approve sale of Colombian and Ecuadorian Businesses
Gran Tierra Energy has announced that its stockholders have approved the previously announced sale of Gran Tierra’s Colombian and Ecuadorian businesses to Maurel & Prom for total consideration of approx. US$1.33 billion, including the assumption of debt and subject to adjustment. -
12 Oct 26
Nordex Group order intake rises 29.5% to 2.8 GW in the third quarter of 2026
In the third quarter of 2026, the Nordex Group recorded 2,810 MW of orders in the Projects segment, excluding Service business, 29.5 percent higher than the prior-year figure (Q3/2025: 2,170 MW). For the first nine months of the year 2026, order intake totalled 7,733 MW, an increase of 16.1 percent (9M/2025: 6,661 MW). -
12 Oct 26
Ukraine: Enwell Energy provides Q3 2026 operations update
Enwell Energy, the AIM-quoted oil and gas exploration and production group, has provided an update on its operational activities in Ukraine in respect of its Mekhediviska-Golotvshinska ('MEX-GOL'), Svyrydivske ('SV') and Vasyschevskoye ('VAS') gas and condensate fields and Svystunivsko-Chervonolutskyi ('SC') exploration licence. -
12 Oct 26
South Africa: Magnora’s South African subsidiary AGV extends its South African offering to powered land for data center development
Magnora’s South African subsidiary AGV (African Green Ventures) is expanding its development activities to include vertically integrated data center and energy projects, with powered land and behind-the-meter solutions. -
11 Oct 26
UK: RWE completes sale of shares in Five Estuaries Offshore Wind Farm
RWE has confirmed completion of the divestment of its 33.33% share in Five Estuaries Offshore Wind Farm to fellow power generator EDF. As a result of the sale, EDF will take over responsibility for leading the project on behalf of the joint venture partners.
