Latest News
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03 Nov 26
Wood partners with Databricks to help energy companies realise greater value from AI
Wood today announced a partnership with Databricks to help energy companies turn AI investments into measurable operational and business outcomes across the full asset lifecycle. -
03 Nov 26
India: Vedanta Oil & Gas accelerates exploration in the KG-DWHP-2017/1 deepwater block
Vedanta Oil and Gas Limited, India’s leading private oil and gas producer, has entered into a strategic partnership with Exceed – a Kent company, and a globally recognised well management and engineering specialist, to advance exploration in the KG-DWHP-2017/1 deepwater block located in the prolific Krishna-Godavari (KG) Basin in the East Coast. -
03 Nov 26
Billions to be invested in security of supply: Following success at auction, RWE set to build three new hydrogen-compatible power stations in Germany
In the tender for long-term capacity under the Electricity Supply Security and Capacity Act (StromVKG), the German Federal Network Agency today awarded RWE contracts for three power station projects, with a total capacity of around 2,100 megawatts (rMW*). All three power station sites are in the state of North Rhine-Westphalia and will thus contribute in particular towards strengthening security of supply in one of Germany's key industrial regions. -
03 Nov 26
UK: Government grants development consent for Sea Link
On 30 October 2026, the Secretary of State for Energy Security and Net Zero granted development consent for Sea Link, a new 138 km primarily offshore high voltage electricity link between Kent and Suffolk. -
03 Nov 26
UK: Chancellor putting billions of offshore wind investment at risk, warns Aberdeen Chamber
The Chancellor's new approach to renewable energy risks putting billions of pounds of offshore wind investment and thousands of Scottish jobs in jeopardy, Aberdeen & Grampian Chamber of Commerce (AGCC) has warned. -
03 Nov 26
Mozambique: Eni announces the beginning of the drilling campaign for the Coral North FLNG Project
Eni and its Area 4 partners, China National Petroleum Corporation (CNPC), ENH, KOGAS and XRG, announce the startup of the drilling and completion campaign for the Coral North Project offshore Mozambique. The activity marks another significant milestone towards the project’s startup in 2028, further unlocking the country's vast offshore natural gas resources. -
03 Nov 26
Brazil: Petrobras completes drilling with another oil discovery in ultra-deep waters off Amapá
Petrobras has identified another oil-bearing interval in the Morpho well, marking the third discovery in block FZA-M-59, located in ultra-deep waters off the coast of the state of Amapá, in a water depth of 2,886 meters. -
03 Nov 26
ADNOC Gas signs five-year LNG supply agreement with TotalEnergies
ADNOC Gas and its subsidiaries have announced a five-year liquefied natural gas (LNG) supply agreement with TotalEnergies for up to 1.6 million tonnes of LNG. -
03 Nov 26
Italy: Independent Valuation of Zenith Energy's Italian solar development pipeline rises to EUR 85.6 million
Zenith Energy has received an updated independent valuation of EUR 85.6 million for its Italian solar development pipeline. The valuation reflects a diversified Development Pipeline spanning the permitting phase through to Ready-to-Build and construction readiness. -
03 Nov 26
Jadestone Energy provides operational update
AIM-listed Jadestone Energy, an independent upstream production and development company focused on the Asia-Pacific region, has provided an operational update. Following the resumption of production at CWLH (Cossack, Wanaea, Lambert, and Herme oil fields development, offshore Western Australia), Group production has risen to ~19,000 boepd, with the Stag field remaining offline. 2026 Group production guidance of 16-18,000 boepd is unchanged. -
03 Nov 26
Odfjell Drilling reports for Q3 2026
During Q3, Odfjell Drilling overcame one of its toughest operational challenges in recent years while at the same time, securing industry-leading contract rates for its units. As a result, Odfjell Drilling is now back to full strength and, in the last few months, the Company has been awarded contracts which are cumulatively worth well over USD 700 million. -
03 Nov 26
Norway: Vår Energi and its partners have drilled a dry well on the 'Jotun Deep' prospect - 25/8-24 S
Vår Energi and its partners have drilled a dry well on the 'Jotun Deep' prospect. Wildcat well 25/8-24 S was drilled in production licence PL 1203. -
03 Nov 26
Venezuela: GeoPark to operate Venezuela’s Bare Block under 25-year PDVSA contract
GeoPark has announced the effectiveness of the 25-year Production Participation Contract ('CPP') for the Bare Block in Venezuela, together with the completion of the related share issuance transaction with Grupo Gilinski. The transaction adds a large-scale, long-duration brownfield redevelopment platform to GeoPark’s existing operations in Colombia and Argentina. -
03 Nov 26
Halliburton acquires Keystone AS to strengthen digital well construction capabilities
Halliburton has announced the acquisition of Keystone AS, a Norway-based software company that develops digital solutions for well planning and execution. The acquisition strengthens Halliburton Landmark’s drilling and completion portfolio with an integrated, AI-native digital workflow that connects planning through rig execution. -
02 Nov 26
Valaris reports Q3 2026 results
Valaris has reported third quarter 2026 results. The Company reports: Total operating revenues of $594 million and net income of $47 million. Adjusted EBITDA of $151 million, which includes approximately $24 million of negative impacts from the Middle East conflicts, and Revenue efficiency of 97% during the quarter and 98% year to date.
