Latest News
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04 Feb 26
BOEM advances second OBBBA Offshore Lease Sales
BOEM released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2), the second of 30 Gulf of America lease sales required by the One Big Beautiful Bill Act. Lease Sale BBG2 proposes to offer approx. 15,066 unleased blocks covering about 80.4 million acres on the U.S. Outer Continental Shelf in the Gulf of America. -
04 Feb 26
Romania: Greenvolt secures €58.5 million financing for 49.8 MW wind project in Romania
Greenvolt Group, through Greenvolt Power, a global developer of large-scale wind, solar, and battery energy storage, has secured €58.5 million in project finance with Erste Group Bank AG and Banca Comerciala Româna (BCR) to support the development of a 49.8 MW onshore wind project located in Sacele, in the Transylvania region, central Romania. -
04 Feb 26
Penspen delivers record year with $500m in contract awards in 2025
Penspen, a leading global energy consultancy company, has announced a record year, securing $500 million in new contract awards in 2025, up 120% on 2024. The performance was driven by strong growth across the Middle East, Africa, Europe and the Americas, supported by major energy infrastructure and energy transition programmes. -
04 Feb 26
Bulgaria: NewMed Energy provides an update on an exploration well in the Vinekh prospect in Block 1-21 Han Asparuh, offshore Bulgaria
NewMed Energy has provided an update on an exploration well in the Vinekh Prospect, located in Block 1-21 Han Asparuh, offshore Bulgaria, in the Black Sea. -
04 Feb 26
Jamaica: United Oil & Gas - 'On the Rocks' podcast discusses offshore Jamaica geology
United Oil & Gas has announced the the release of the first episode of On the Rocks, an internal technical podcast aimed at providing shareholders and stakeholders with deeper insight into the geological evidence underpinning the Company's offshore exploration activities. -
04 Feb 26
Latin American oil giants shrug off potential Venezuelan comeback; smaller players seize near-term upside - Rystad Energy
Argentina, Guyana and Brazil are poised to lead Latin American oil production growth in 2026, even though the possible return of Venezuelan barrels poses questions for the region’s long-term capital expenditure strategy. -
04 Feb 26
UK: Wood and Kellas Midstream extend operating partnership at the CATS facility
Wood has renewed its longstanding contract with Kellas Midstream to continue serving as operating partner (‘Duty Holder’), for the Central Area Transmission System (CATS) at Teesside in the United Kingdom. -
04 Feb 26
Electric mobility: TotalEnergies and Tikehau Capital join forces to develop public charging networks in Belgium and the Netherlands
TotalEnergies and Tikehau Capital have announced the creation of a joint investment platform to promote the development of charging infrastructure for electric vehicles in urban public spaces in Belgium and the Netherlands. -
04 Feb 26
Brazil: KUFPEC acquires 20% interest in Orca and Sul De Orca in Brazil
Kuwait Foreign Petroleum Exploration Company ('KUFPEC') has reached an agreement to acquire a 20% interest in the Orca and Sul de Orca asset from Shell Brasil Petróleo Ltda, a wholly-owned subsidiary of Shell. Current estimated recoverable resource volumes of the Orca development are approx. 370 million barrels with production expected to start in 2029. -
04 Feb 26
Kuwait: TotalEnergies and Kuwait Oil Company sign technical cooperation agreement
At the opening of the 5th Kuwait Oil & Gas Show and Conference (KOGS), TotalEnergies and Kuwait Oil Company (KOC) signed a Memorandum of Understanding (MoU) to strengthen their cooperation, exchange expertise and conduct technical studies. The MoU notably includes studies related to new exploration opportunities in the country, for which TotalEnergies will mobilize its technical expertise. -
04 Feb 26
Qatar: PETRONAS signs 20-year LNG supply agreement with QatarEnergy
PETRONAS LNG, a subsidiary of PETRONAS, has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with QatarEnergy, the first long-term LNG supply agreement between the two companies. -
04 Feb 26
TGS awarded OBN contract in the North Sea
TGS, a leading provider of energy data and intelligence, has announced the award of an ocean bottom node (OBN) contract in Europe, extending the acquisition campaign further. The company’s node-on-a-rope crew is scheduled to commence acquisition in early April and the contract has a duration of approx. 45 days. -
04 Feb 26
Equinor fourth quarter and full year 2025 results
Equinor delivered an adjusted operating income of USD 6.20 billion and USD 1.55 billion after tax in the fourth quarter of 2025. Equinor reported a net operating income of USD 5.49 billion and a net income of USD 1.31 billion. Adjusted net income was USD 2.04 billion, leading to adjusted earnings per share of USD 0.81. -
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.
