Latest News
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15 May 26
TGS | 4C analysis flags rising subsea cable demand and vessel bottlenecks driven by offshore wind growth
Offshore wind growth is accelerating demand for subsea cables, larger installation vessels and more resilient supply chains, creating new pressure points for project delivery through 2030 and beyond. -
15 May 26
Congo Brazzaville: Perenco completes successful drilling campaign on the Tchibouela East field, offshore Republic of Congo
Perenco Congo has announced the completion of its successful drilling campaign on the Tchibouela East field, offshore Republic of Congo. The results of the five infill well campaign, which concluded at the end of 2025, now show a sustained material uplift in production, providing an additional 6,000 barrels of oil per day (bopd). -
15 May 26
UK: Perenco UK restarts production from the Davy gas field in the Southern North Sea
Perenco UK has confirmed that, after more than five years since being shut-in, production from the Davy gas field in the Southern North Sea (SNS) has restarted. Earmarked for decommissioning following several failed restarts in 2021, Perenco UK has completed a comprehensive revival project with production from Davy wells A3 and A5 restarting in late April 2026. -
15 May 26
Egypt: TAG Oil provides update on drilling operations at BED-1 and SERQ Concessions
TAG Oil has secured a drilling rig for the upcoming T-200 well at the Badr Oil Field ('BED-1') located in the Western Desert of Egypt. The Company anticipates starting drilling operations by the end of June 2026, subject to receipt of all required regulatory approvals. -
15 May 26
Predator Oil & Gas announces Placing to raise £3 million
Predator Oil & Gas Holdings, the Jersey based Oil and Gas Company with producing hydrocarbon operations focussed on Trinidad and Morocco, has announced a placing to raise £3 million. The Proceeds of the Placing will be spent on the potential award of Corrib South offshore Ireland and its assets in Trinidad and Morocco. -
15 May 26
US: Union Jack Oil provides positive update on Crossroads well, Southern Oklahoma USA
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced a positive update on the Crossroads Well, located in Garvin County, Oklahoma USA. Based on a petrophysical evaluation of the downhole logs, four intervals with production potential will be tested. -
14 May 26
Brazil: ABL to support Mero 3 and Mero 4 Projects offshore Brazil
ABL Energy & Marine Consultants Brasil has been appointed as Marine Warranty Surveyor (MWS) to support Subsea7 with the transportation and installation campaign for the SURF infrastructure for the Mero 3 and 4 developments offshore Brazil. -
14 May 26
UK: Landmark decision to give three major offshore wind farms the go-ahead will boost UK’s energy security significantly
The Energy Secretary Ed Miliband has announced a landmark decision today to grant consent to three major UK offshore wind farms, totalling up to four gigawatts of new clean power capacity. Dogger Bank South East and Dogger Bank South West, off the north east coast of England, will each add 1.5GW of capacity, developed by RWE and Masdar. North Falls off the coast of Suffolk will add up to 1GW, developed by RWE and SSE Renewables. -
14 May 26
Portugal: Iberdrola begins commissioning of the Tâmega Complex wind-hydroelectric megaproject
Iberdrola is consolidating its leadership in renewable energy with the commissioning of the Tâmega Norte wind farm, located between Braga and Vila Real, in the Portuguese municipalities of Cabeceiras de Basto and Montalegre. It is the first of two wind farms that form part of the Tâmega Complex. It is the first grid-connected wind-hydro hybrid project on the Iberian Peninsula. -
14 May 26
UK: Storegga announces sale of hydrogen portfolio to Protium
Following a strategic review and decision to restructure its portfolio, Storegga, an independent developer of CCS and hydrogen projects, has announced the sale of the Cromarty Hydrogen Project and its wider green hydrogen portfolio to Protium. -
14 May 26
UK: 'Utterly shameful': Miliband moves to permanently block new North Sea drilling
Labour is set to introduce legislation that would permanently ban new oil and gas drilling licences in the UK, making it significantly harder for future governments to reopen the North Sea to new exploration. The proposed Energy Independence Bill, outlined in Wednesday’s King’s Speech, would place Ed Miliband’s current moratorium on new drilling into law. The legislation would also formally ban onshore fracking. -
14 May 26
Taihan secures additional 10,000-ton CLV to enhance submarine turnkey competitiveness
Taihan is enhancing its competitiveness in the submarine cable business by securing an additional large-scale Cable Laying Vessel (CLV). The Company has announced the acquisition of the 10,000-ton class submarine cable installation vessel Skandi Connector from DOF.
