Latest News
-
03 Feb 26
UK: PS Renewables receives planning permission for the Northorpe Fen Solar Farm near Bourne, Lincolnshire
PS Renewables has announced that the Northorpe Fen Solar Farm near Bourne, Lincolnshire has received planning permission from South Kesteven District Council. Once operational it will generate renewable energy of the equivalent electricity required to power 7,000 homes. -
03 Feb 26
Finder Energy provides an update in relation to the Petrojarl I FPSO
Finder Energy has provided an update in relation to the Petrojarl I FPSO. To reduce holding costs, the PJI has been successfully relocated from Las Palmas, Gran Canaria to a lower-cost lay-up facility in Granadilla, Tenerife. The relocation, Finder’s first large-scale infrastructure operation for the Kuda Tasi and Jahal Development Project, was completed safely, with the Skandi Minder contracted to tow the vessel approx. 110km to the Port of Granadilla. -
03 Feb 26
Brazil: Petrobras expands oil sales to India
During India Energy Week, Petrobras renewed and expanded oil sales contracts with major Indian state-owned refiners. The agreements were signed at the meeting of global energy sector leaders, which took place last week in the city of Goa, India. -
03 Feb 26
Kuwait: SLB awarded integrated development contract for Mutriba field in Kuwait
Global technology company SLB has announced that Kuwait Oil Company has awarded SLB a $1.5 billion, five-year integrated contract for the Mutriba field in Kuwait, including design, development and production management. -
03 Feb 26
Germany: TenneT Holding reaches agreement with German government on sale of stake in TenneT Germany
TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, on the sale of a 25.1% stake in TenneT Germany for approx. EUR 3.3 billion. This investment strengthens the financial position of TenneT Germany as the owner of strategic infrastructure in Germany. -
03 Feb 26
MOL Group and Libya's National Oil Corporation to establish strategic partnership in the oil industry
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC). The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading. -
03 Feb 26
Germany: Enlight reaches final development milestones for CO Bar, its largest project to date
Enlight Renewable Energy, a leading global renewable energy developer and an independent power producer, has reached major development milestones for the CO Bar Complex in Arizona. The CO Bar Complex, one of the largest projects in the United States, totals approx. 1.2 GW of solar generation and 4.0 GWh of energy storage. -
03 Feb 26
Italy: Eni and Q8 partner for the construction of the Priolo biorefinery
Eni and Q8 Italy have announced a major strategic investment in the ongoing project for the construction of a new biorefinery in Priolo, Sicily. The biorefinery will have a capacity of 500,000 tonnes per year and will offer extensive operational flexibility for the production of Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF-Biojet). -
03 Feb 26
Germany: Fugro awarded geotechnical survey contract for TotalEnergies’ NSE 1 offshore wind farm development
Fugro has been awarded a contract to perform comprehensive geotechnical surveys for the NordSee Energies 1 offshore wind farm, a major renewable energy project being developed by TotalEnergies on the North Sea N-12.1 site. -
03 Feb 26
Germany: Scatec JV reaches financial close for 80 MW BESS in the Philippines and prepares for construction start
SN Aboitiz Power (SNAP), Scatec ASA’s joint venture with Aboitiz Renewables, the renewable energy arm of Aboitiz Power Corporation in the Philippines, has reached financial close and prepares for construction start of the 40 MW Binga (phase 2) and 40 MW Ambuklao battery energy storage systems (BESS). -
03 Feb 26
Germany: RWE and Amazon sign Power Purchase Agreement for offshore wind power from Nordseecluster B project
Amazon and RWE, a global leader in renewable energy, have signed a Power Purchase Agreement (PPA) for 110 megawatts (MW) from RWE’s German Nordseecluster B offshore wind farm. -
03 Feb 26
Jadestone Energy announces a trading update for the full year ended 31 December 2025
AIM-listed Jadestone Energy has announced a trading update for the full year ended 31 December 2025. Average Group production reached another annual record of 19,829 boe/d, underpinned by better than expected performance at Akatara. -
03 Feb 26
Sweden: Nordex Group secures 189 MW order from OX2 in Sweden
The Nordex Group has received a new order from the Swedish renewable energy company OX2 for the supply and installation of wind turbines for the Fageråsen Wind Farm in Sweden. -
03 Feb 26
Benin: Akrake Petroleum completes drilling of the AK-2H production well in the Sèmè Field in Benin
Rex International Holding has announced that Rex’s indirect subsidiary Akrake Petroleum Benin has completed the drilling of the AK-2H production well in the Sèmè Field in Benin. Work on final hook-up of the mobile offshore production unit (MOPU) and the floating storage & offloading unit (FSO) is progressing. -
03 Feb 26
Ørsted signs agreement with CIP to divest its European onshore business, finalising divestment programme as planned
Ørsted, the global leader in offshore wind, has signed an agreement with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business. The total value of the transaction is EUR 1.44 billion (DKK 10.7 billion) with expected closing in Q2 2026, subject to regulatory approvals. -
03 Feb 26
Shearwater Geoservices awarded 3D seismic survey by Eni in Timor Sea
Shearwater Geoservices has been awarded a 3D seismic acquisition contract by Eni Timor 22-23 B.V. ('Eni') covering the PSC TL SO 22-23 area in the Timor Sea. The project comprises approx. 1,500 sq kms and is scheduled to commence late in the first quarter of 2026. -
03 Feb 26
Norway: TGS awarded streamer 4D contract offshore Norway
TGS has announced the award of a 4D streamer acquisition contract in the North Sea, offshore Norway. A Ramform vessel is scheduled to mobilize for the survey in Q2 2026, with the contract expected to run for approx. 65 days. -
03 Feb 26
Norway: OKEA Q4 2025 financial results
In the fourth quarter of 2025, OKEA delivered operating income of USD 107 (224) million and EBITDA of USD 50 (117) million. The net loss of USD 18 (37) million was largely a result of a significant underlift and impairments. The net cash position was USD 13 (123) million.
