Latest News
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21 May 26
Australia: Moomba CCS project achieves historic emissions reduction milestone
Santos’ Moomba Carbon Capture and Storage (CCS) project has achieved a significant milestone in Australia’s decarbonisation efforts, recording two million tonnes of CO2e safely and permanently stored in just over 18 months of operation. -
21 May 26
Eni CCUS Holding expands the financing sources for its platform of CCS projects
Eni and Global Infrastructure Partners ('GIP'), a part of BlackRock, strategic partners in Eni CCUS Holding, announce that Eni CCUS Holding is expanding its financing sources to strengthen its Carbon Capture & Storage (CCS) project platform. -
21 May 26
US: Devon Energy enhances Permian inventory in Federal Lease Sale
Devon Energy Corporation has announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approx. $2.6 billion, or approx, $161,500 per net acre, through the Bureau of Land Management ('BLM') Oil and Gas Lease Sale. This acquisition bolsters the premier Delaware Basin positions in the industry, extends inventory life, and is accretive to net asset value per share. -
21 May 26
US: Department of the Interior oil and gas lease sale in New Mexico and Texas generates over $4 billion
The Department of the Interior generated over $4 billion in total receipts from a Bureau of Land Management oil and gas lease sale in New Mexico and Texas, underscoring strong industry demand for domestic energy development on public lands. The Bureau of Land Management leased 74 parcels totaling 33,530 acres during the quarterly lease sale. -
21 May 26
Italy: RWE starts construction of 42-megawatt onshore wind farm in Italy
RWE has started construction of the Serra Giannina onshore wind farm, which is located in the municipality of Potenza, in the Basilicata region. The project, which was awarded in last year’s FER-X auction, will have an installed capacity of 42 megawatts (MW). -
21 May 26
GoM: Shell’s Mars platform reaches historic 1 billion barrel milestone in Gulf of America
Shell’s Mars platform in the Gulf of America has reached a historic milestone, becoming the first offshore asset in the United States to produce one billion barrels of oil over its lifetime. Mars revolutionized the deep-water industry when it came online three decades ago and continues to play a pivotal role in strengthening energy security for both Louisiana and the nation. -
21 May 26
Pakistan: OGDC chooses Sercel wireless nodal technology
Sercel has announced the sale and delivery of 12,000 nodes of its WiNG wireless nodal system to OGDC, Pakistan's largest national oil & gas company. This new contract to equip a 3D seismic survey in the south of Pakistan marks OGDC’s first adoption of land nodal seismic acquisition technology. -
21 May 26
Germany: Return of offshore wind areas: BWO presents proposal to secure the expansion path at conference
The German Offshore Wind Energy Association (BWO) is calling for a legally regulated mechanism for the voluntary return and rapid retendering of offshore wind energy sites. The aim is to clarify potential non-implementation cases early on in order to avoid years of blocked sites and grid connection capacities. This should limit damage to the expansion path, supply chains, and Germany's industrial base. -
21 May 26
Indonesia: INPEX awarded exploration rights offshore Eastern Java, Indonesia
INPEX CORPORATION has jointly been awarded rights to explore the Barong Working Area located offshore Eastern Java in Indonesia as part of the second Indonesia Petroleum Bidding Round 2025 hosted by the Ministry of Energy and Mineral Resources of Indonesia. -
21 May 26
Australia: APA selects Worley to strengthen Australia’s gas transmission network
APA Group has selected Worley as its engineering partner to support emerging gas transmission and storage projects across its gas transmission network nationally. -
21 May 26
Executive Vice-President of the European Commission Teresa Ribera visits Nordex Group’s premises in Hamburg
On May 20, Teresa Ribera, Executive Vice-President of the European Commission for a Clean, Just and Competitive Transition, visited the Nordex Group’s main office and Global Technical Academy in Hamburg. -
21 May 26
UK: Chancellor’s plan to limit legal attempts to block vital new clean energy infrastructure will cut bills and boost energy security
RenewableUK’s Executive Director of Policy Ana Musat comments on proposals by the Chancellor Rachel Reeves to limit the number of Judicial Reviews which can be lodged against clean energy projects, including wind farms and grid infrastructure, on the grounds that they are designated as being of 'critical national importance'. -
21 May 26
Sweden: Vattenfall inaugurates Bruzaholm wind farm
Vattenfall has inaugurated the onshore wind farm Bruzaholm onshore wind farm – an important addition of fossil-free electricity production for the electrification and competitiveness of industry in southern Sweden, as well as for households and businesses in the region. Vattenfall has signed a long-term power purchase agreement with AB Volvo, where approx. 50 per cent of the production from Bruzaholm has been allocated. -
21 May 26
US: Zephyr Energy announces further divestment of undeveloped acreage
Zephyr Energy has announced a further divestment of undeveloped non-core acreage in two separate transactions generating aggregate gross proceeds of US$2.275 million. The 1,837 acres being divested are located in the Powder River Basin in Wyoming, U.S. -
21 May 26
Argentina: Archer secures contract extensions adding $130 million in contract backlog
Archer has announced the extension of an existing drilling contract in Vaca Muerta, Argentina. The contract has a total estimated value of $130 million, including a firm period extending through October 2028, with an additional two-year optional period through October 2030. -
21 May 26
Panoro Energy announces Q1 2026 Trading Statement and Operations Update
Panoro Energy has announced performance in line with previously communicated expectations for the three months ended 31 March 2026. The first quarter was defined by announcement of the transformational acquisition of an additional 40.375 per cent interest in Block G offshore Equatorial Guinea in February, just prior to the increase in global oil prices. -
21 May 26
Norway: Aker BP and Equinor to unlock additional value on the Norwegian Continental Shelf
Aker BP and Equinor have entered into a strategic collaboration aimed at increasing production and value creation across selected parts of their portfolios on the Norwegian Continental Shelf (NCS). -
21 May 26
Norway: TGS awarded streamer 4D contract offshore Norway
TGS, a leading global provider of energy data and intelligence, has announced the award of a 4D streamer contract in the Norwegian North Sea. A Ramform Titan-class vessel is scheduled to mobilize for the project in late July with a duration of approximately 45 days. -
21 May 26
Norway: TGS awarded OBN contract offshore Norway
TGS, a leading global provider of energy data and intelligence, has announced the award of an OBN contract in the Norwegian North Sea. Mobilization will start in June, and the contract has a duration of approximately 25 days. -
21 May 26
Borr Drilling announces Q1 2026 results
First Quarter total operating revenues of $247.0 million, a decrease of $12.4 million or 5% compared to the fourth quarter of 2025. First Quarter net loss of $29.0 million compared to net loss of $1.0 million in the fourth quarter of 2025. First Quarter Adjusted EBITDA of $88.5 million, a decrease of $16.7 million or 16% compared to the fourth quarter of 2025. -
20 May 26
UK: Cadeler installs first complete monopile foundation at Ørsted’s Hornsea 3 offshore wind farm
Cadeler announced May 14 the installation of the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in the UK, marking a major milestone in the execution of one of the world’s largest offshore wind developments. Once completed, Hornsea 3 will become the single largest offshore wind farm in the world, with a total capacity of 2.9 GW – capable of powering more than 3.3 million UK homes with renewable energy. -
20 May 26
Indonesia: bp signs three production sharing contracts in Indonesia
bp and its partners signed three Production Sharing Contracts (PSC) in Indonesia, bringing bp’s total participation in oil and gas blocks in the country to 11. Two of the PSCs are for the Bintuni and Drawa exploration blocks, which are located near existing bp-operated Tangguh LNG in Papua Barat, creating potential for short-cycle development. bp also confirmed its participation in the INPEX-operated Barong block in East Java.
