Latest News
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26 May 26
Namibia/South Africa: Impact Oil & Gas announces strategic reorganisation to unlock value and drive targeted investment
Impact Oil & Gas, a privately owned, Africa-focused exploration company, has entered into a share purchase agreement ('SPA') with IOG Energies, a newly incorporated and wholly owned subsidiary of Deepkloof, Impact’s majority shareholder, to effect a corporate reorganisation supported by both Deepkloof and Impact’s second largest shareholder, Meren Energy. -
26 May 26
Namibia/South Africa: Meren Energy announces corporate restructuring of Impact Oil & Gas
Meren Energy notes and supports the corporate restructuring announced by its investee company, Impact Oil & Gas, to create a pure-play Namibia-focused development and exploration business. The Transaction has been approved by Impact and is intended to align the interests of its shareholder base around a streamlined and more focused portfolio. -
26 May 26
bp Chair removed
The Board of bp has announced today that it has unanimously decided that Albert Manifold should no longer serve as Chair and Director with immediate effect. This follows serious concerns raised to the Board related to important governance standards, oversight and conduct. Amanda Blanc, Senior Independent Director at bp, said: “Albert has helped bring a welcome focus and pace to bp’s transformation. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.” The Board has appointed Ian Tyler as Interim Chair with immediate effect. Ian Tyler, Interim Chair, said: “The Board and leadership team have deep conviction in the strategic direction we have laid out, and the company is moving at pace to deliver it. bp is building a track record of strong underlying operational performance and a tight focus on financial discipline – all in the pursuit of growing shareholder value and returns. “The Board has been very impressed with Meg O’Neill since she joined as CEO. She has extensive industry and operational experience and real clarity about the direction and opportunity for the business. She has already taken bold action to simplify and strengthen the organization such as announcing the move to a clearly defined upstream/downstream model. Under her leadership we are building a simpler, stronger, more valuable bp.” A succession process for a permanent Chair will be initiated. -
26 May 26
UK: Study reveals how offshore structures can help - or hinder - marine ecosystems
A new international review has shed light on how offshore energy structures - from oil and gas platforms to wind turbines - shape marine ecosystems and the benefits they provide to society. -
26 May 26
Australia: Reach Subsea signs MoA with Beacon Offshore in Australia
Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore, establishing a strategic partnership to jointly pursue subsea projects in Australian waters. -
26 May 26
UK: Nine in 10 energy firms say North Sea still has long-term future – if UK Gov backs industry
Aberdeen & Grampian Chamber of Commerce has warned that the UK is in danger of accelerating the decline of the North Sea unnecessarily, despite overwhelming industry belief that the basin still has a long-term future under the right conditions. -
26 May 26
Australia: Georgina Energy commences pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513
Georgina Energy has commenced pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513. The contracted Ensign 970 drill rig is anticipated to penetrate the main subsalt reservoir targets which have been independently assessed as having potential SPE PRMS (recoverable) Resources at 2U level of 283 BCF helium, 315 BCF Hydrogen and 2,925 BCF hydrocarbon gas. -
26 May 26
Colombia: Arrow Exploration announces exploration well IC-1 results - IC-1 on production
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has provided an update on operational activity on the Icaco field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. -
26 May 26
Kazakhstan: Helix Exploration announces Inez-1 well re-entry
Helix Exploration, the helium exploration and development company advancing the Rudyard Helium Project in northern Montana, has announced that re-entry operations at the Inez-1 well have commenced. -
26 May 26
Morocco: Sound Energy reports conditional sale of Sound Energy Meridja and relinquishment of Arran Energy's exploration interests
Sound Energy has entered into a binding Sale and Purchase Agreement for the divestment of the Company's interests in the Tendrara Exploitation Concession (20%), onshore Morocco, by way of the disposal of the entire share capital of Sound Energy Merijda Limited to Managem SA. In addition, the Company announces the relinquishment of its 27.5% interest in the Anoual Exploration Permit and the waiving of any subsisting rights in the Grand Tendrara Exploration Permit. -
26 May 26
Union Jack Oil announces Final Results for the Year Ended 31 December 2025
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced its audited results for the year ended 31 December 2025. -
26 May 26
Turkey: The Nordex Group gains new 110MW order from Eksim Enerji in Türkiye
The Nordex Group has secured a new order in Türkiye from Eksim Enerji A.S., comprising the supply and installation of 16 N175/6.X wind turbines with a total installed capacity of 110MW. The turbines for the Balikesir-3 wind farm will be installed on tubular steel towers with a hub height of 119 meters and delivered in the Cold Climate Version. -
26 May 26
Vietnam: Invitation to bid: Open Bidding Round for Block 17, Offshore Vietnam
PETROVIETNAM invites interested partners to participate in the Open Bidding Round for Block 17, Offshore Vietnam. This presents an opportunity for investors to access and evaluate investment in one of the petroleum potential blocks located in the Cuu Long Basin, Offshore Vietnam. -
26 May 26
UK: The Port of Southampton strengthens its role in UK renewable energy supply chains
The Port of Southampton is strengthening its position as a vital link in the UK’s renewable energy supply chains as it grows its partnership with Vestas, a global leader in sustainable wind energy technology. -
26 May 26
Australia: Comet Ridge announces update on acquisition of Mahalo Gas Project
Comet Ridge has updated the market on its agreement for the acquisition of Santos QNT Pty Ltd’s 42.86% interest in the Mahalo Gas Project1 (MGP) announced 17 December 2025. -
26 May 26
Australia: RWE’s Theodore Wind Farm awarded Capacity Investment Scheme contract
The Australian government has announced the results of the Capacity Investment Scheme (CIS) Tender 7 for renewables. RWE secured a CIS contract for its 1.1-gigawatt (GW) Theodore onshore wind project, located in Central Queensland. The CIS underwrites the project with a set revenue floor and ceiling. The total investment volume to realise Theodore onshore wind farm amounts to AU$3 billion. -
26 May 26
Australia: Beach unlocks value through Otway optimisation
Beach Energy has entered into an agreement to sell its 60% operated interest in VIC/L35, including the Artisan gas discovery, to Amplitude Energy (50%) and O.G. Otway (10%). The Transaction delivers cash proceeds at completion, retains economic exposure to future production through a royalty, and improves capital allocation flexibility across Beach’s growth portfolio. -
26 May 26
Uzbekistan: Condor achieves new production record exceeding 15,000 BOE/D with K-47 tie in
Condor Energies, a Canadian based, internationally focused energy transition company with active Central Asian operations has provided an operational update on its Uzbekistan project. Condor has achieved another corporate milestone by reaching 15,283 boe/d average daily production over the past 72 hours due to the recently drilled Kumli-47 horizontal well ('K-47') starting production. -
26 May 26
Cote d'Ivoire: Eni and partners approve investment for Baleine Phase 3 in Côte d’Ivoire
Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project, marking a significant milestone in the development of the largest hydrocarbon discovery ever made in the country. The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200 million cubic feet per day. -
26 May 26
US: BLM seeks input for September 2026 sale of oil and gas leases in Utah
The Bureau of Land Management has opened a 30-day public comment period to receive public input on plans to include 35 oil and gas parcels totaling 34,596 acres in Utah in a September 2026 sale. The comment period ends June 22, 2026. -
26 May 26
US: BLM seeks initial input for November 2026 sale of oil and gas leases in Kansas, New Mexico, Oklahoma, and Texas
The Bureau of Land Management has opened a 30-day public scoping period to receive public input on 53 oil and gas parcels totaling 13,453 acres that may be included in a November 2026 lease sale in Kansas, New Mexico, Oklahoma and Texas. The scoping period ends June 22, 2026. -
26 May 26
Unity strengthens market position with major decommissioning wins, supporting ongoing international expansion
Aberdeen-based Unity has accelerated its global growth trajectory following a record period, securing more than £6 million in new contracts and committing £1.8 million to enhance its specialist technology portfolio. -
26 May 26
UK: Reeves launches fresh oil and gas tax raid to fund support package
Chancellor Rachel Reeves has announced a fresh tax raid on oil and gas companies, scrapping rules that allowed firms to offset UK trading profits against losses made by overseas subsidiaries. -
26 May 26
Norway: Subsea 7 announces award of a substantial contract by Vår Energi for the Goliat Gas Export Project
Subsea 7 has announced the award of a substantial contract by Vår Energi for the Goliat Gas Export Project, located in the Barents Sea, offshore Norway.
