Latest News
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22 May 26
Oil above US$100/bbl revives windfall tax debate across four continents
Oil prices above US$100 per barrel have triggered windfall tax proposals in Brazil, the EU, the US, and Australia. A new Wood Mackenzie report warns that fiscal policy design has a long-term impact on Upstream investment and production. -
22 May 26
Archer acquires isol8 to advance subsea and rigless P&A capabilities
Archer has signed a share purchase agreement to acquire isol8, an innovative well technology company that specialises in alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). -
22 May 26
Namibia: ReconAfrica announces Q1 filings - Production testing at Kavango West 1X proceeding on schedule
Reconnaissance Energy Africa (ReconAfrica) has announced the filing of its fiscal first quarter disclosure documents for the three-month period ended March 31, 2026 and provides a production test update for the Kavango West 1X ('KW1X') discovery. -
22 May 26
Turkey: Nordex Group starts production at new blade manufacturing facility in Türkiye
The Nordex Group has successfully started production at its new blade manufacturing facility in Menemen, Izmir (Türkiye) in May 2026, further strengthening the continuous growing demand for high-efficiency onshore wind turbines in the country. -
22 May 26
UK: Reformed environmental rules for offshore wind farms are a win-win for nature conservation and the renewable energy sector
RenewableUK’s Head of Environment and Consents Kat Route-Stephens comments on reformed environmental legislation for offshore wind farms published by the Department for Environment, Food and Rural Affairs (Defra) which comes into effect today. -
22 May 26
UK: Polling shows British public places higher importance on new infrastructure to boost energy security rather than visual impact of new projects
New polling across England, Scotland and Wales shows strong public backing for the UK’s energy infrastructure programme, with clear priorities centred on jobs, climate change and economic strength, rather than visual appearance. -
22 May 26
Qatar: Wood awarded detailed design scope for Bul Hanine redevelopment
Wood has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to deliver a scope of detailed design for QatarEnergy’s Bul Hanine EPIC2 project, located offshore Qatar. -
22 May 26
Sound Energy announces final results for the year ended 31 December 2025
Sound Energy, the transition energy company, has announced its audited final results for the year ended 31 December 2025. -
22 May 26
Zenith Energy announces sale of ZEN-260 drilling rig for US$4.3 million
Zenith Energy, the listed international energy production and development company, has provided an update regarding the sale of its fully owned ZEN-260 onshore drilling rig. -
22 May 26
UK: Well-Safe Solutions launches Well Operatorship capability with new contract
Well-Safe Solutions has been awarded a new contract to provide full Well Operatorship and asset execution for an un-named client in the UK North Sea. The contract marks a pivotal moment for Well-Safe Solutions in expanding the company’s service offerings – taking advantage of Tier 1 capabilities to provide fully integrated well lifecycle services. -
22 May 26
Nigeria: Weatherford awarded deepwater integrated completions contract with ExxonMobil in Nigeria
Weatherford International has been awarded a deepwater integrated completions contract by Esso Exploration & Production Nigeria Ltd. ('EEPNL'), an ExxonMobil affiliate, for offshore Nigeria. -
21 May 26
EnerMech and Optilift enter global crane operations collaboration
EnerMech has signed a global multi-year collaboration agreement with Optilift, a Norway-based technology company, to deliver safer, more efficient and less weather dependent crane and lifting operations across the energy sector. -
21 May 26
Indonesia: Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia
Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni’s global LNG portfolio and reinforce Indonesia’s role as a strategic supplier to regional and international markets. -
21 May 26
QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure.
