Latest News
-
23 Oct 26
Seatrium and Karpowership sign contract for a series of Whale Class Powership Conversion and Integration Projects
Seatrium and its strategic partner, floating power leader Karpowership, have strengthened their longstanding collaboration with the award of a contract for the development, major conversion and integration of Karpowership's third-generation hydrogen-ready Whale Class Powerships, reinforcing both companies' commitment to delivering reliable, flexible and sustainable energy solutions to meet growing global electricity demand. -
23 Oct 26
Eni: results for the third quarter and nine months of 2026
3Q operational and financial results support further upgrade to FY ’26 outlook with record low debt and enhanced shareholders’ returns through extraordinary dividend and increased buyback. -
23 Oct 26
Australia: Beach to materially expand acreage position in the Taroom Trough in farmout with Elixir Energy
Beach Energy has entered into binding agreements with Elixir Energy and its wholly-owned subsidiaries, to farm-in to its core acreage in the Taroom Trough, Queensland, subject to conditions precedent, including regulatory and other approvals including pre-emptive rights for interests in ATP 2056 and ATP 2057. -
23 Oct 26
UK: EnerMech wins UK Carbon Capture and Storage Pre-commissioning and Commissioning Scope
EnerMech has been awarded a contract to provide specialist pre-commissioning and commissioning services for a major carbon capture and storage (CCS) development in the UK. -
23 Oct 26
UK: Enviromena, the UK-based independent power producer, has acquired the 27.5MWp Parkgate Farm solar project from Innova Renewables
The acquisition is expected to be the first of a number of transactions between the two companies, through which Enviromena expects to acquire 233MWp of solar and 75MW of co-located BESS projects from Innova before the end of 2026. -
22 Oct 26
UK: President Trump: Jackdaw approval is great for Aberdeen
US President Donald Trump has welcomed the UK Government's decision to approve the Jackdaw gas field, describing it as great news for Aberdeen. The President, who owns a golf resort at Balmedie in Aberdeenshire, said the decision would bring wealth and prosperity to the UK and the North-east of Scotland. -
22 Oct 26
UK: Reaction from Professor John Underhill to the UK Government's announcement on Jackdaw
In response to the UK Government approving the Jackdaw gas field and confirming production will start this month, Professor John Underhill, the University of Aberdeen's Director for Energy Transition, gave his reaction. -
22 Oct 26
Egypt: Scatec and EBRD establish renewable energy investment platform in Egypt
Scatec, a leading renewable energy solutions provider, and the European Bank for Reconstruction and Development ('EBRD') have signed a share purchase agreement establishing a renewable energy investment platform for Egypt. The platform will be owned 60% by Scatec and 40% by EBRD. EBRD has committed up to USD 221 million to the platform. -
22 Oct 26
Norway: Aibel awarded contract for Wisting
The Wisting partnership is awarding Aibel a front-end engineering and design study contract for the topsides of the production vessel. 'Wisting will generate activity in the Norwegian supplier industry and in local communities in the north over a 30-year period,' says Trond Bokn, Equinor's senior vice president for project development. -
22 Oct 26
Pakistan: OGDCL reports commencement of gas and condensate production from Bitrism East 1 exploration well
OGDCL reports that the gas-condensate discovery at Bitrism East-1 exploratory well in Lower Goru Formation (Massive and Basal Sands) has successfully been brought into production. -
22 Oct 26
Archer reports Q3 2026 trading and shareholder distribution update
Archer reports another strong quarter with an EBITDA of $44.2 million and an EBITDA margin of 16.5% in the third quarter of 2026, including negative effects of roughly $3 million related to an industrial offshore strike in Norway in July. EBITDA increased 8% year-over-year when adjusting for the divested workover business in Argentina. -
22 Oct 26
UK: Russell Borthwick: The North Sea debate needs facts, not hysteria
The debate about the future of the North Sea has become one of the most important economic, environmental and energy security discussions facing the UK. Unfortunately, it has also become one of the most polarised. We need a more grown-up debate, grounded in facts rather than hysteria. -
22 Oct 26
JOINT OIL Provides Update on Launched Bid Round for Zarat Development and Joint Oil Block Exploration
Joint Oil’s bid round for the Zarat oil and gas discovery and offshore exploration block between Tunisia and Libya remains open until 31 December 2026, offering significant exploration and development opportunities. -
22 Oct 26
DOF Group awarded subsea installation contract in Africa
DOF Group has announced the award of a Significant subsea contract in Africa. DOF shall under this contract deliver project management, engineering, logistics and offshore execution services for the transportation and installation of various Subsea Production Systems (SPS) in deep-water field developments. -
22 Oct 26
UK: Low Carbon unveils early proposals for Somerset Energy Park
UK renewable energy company and Independent Power Producer (IPP), Low Carbon, has announced that it has begun developing proposals for Somerset Energy Park, a new solar project co-located with battery energy storage near the village of Mark, Somerset. -
22 Oct 26
Santos announces 2026 Third Quarter Report
Santos Managing Director and Chief Executive Officer Kevin Gallagher said the September quarter delivered the step-change in production and cash flow that Santos had been working towards, with record quarterly production and free cash flow from operations as Barossa achieved steady production and Pikka progressed its ramp up towards plateau production. In the third quarter, ~50 per cent of Santos’ free cash flow was generated from its international operations (in PNG and Alaska).
