Latest News
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29 Apr 26
Why wave energy must be the UK’s next great green frontier
As an island nation with more than 11,000 miles of coastline, the UK sits beside one of the most powerful, and most overlooked renewable energy resources on Earth: ocean waves. Offshore wind has dominated Britain’s clean-energy identity for decades, but wave power is no longer a distant prospect. -
29 Apr 26
Baker Hughes achieves 36.9% absolute reduction in operational greenhouse gas emissions
Baker Hughes, an energy technology company, reported a 36.9% absolute emissions reduction in scope 1 and 2 greenhouse gas (GHG) emissions compared to its 2019 baseline, marking the largest emissions reduction to date, according to its latest sustainability report. -
29 Apr 26
Woodside announces Q1 report for period ended 31 March 2026
Woodside announces Q1 report for period ended 31 March 2026. Production for the period was 45.2 million barrels of oil equivalent, underpinned by exceptional reliability of our world-class assets, including 99.9% at Sangomar and 99.0% at Shenzi. In Western Australia, Pluto LNG achieved 100% reliability for the third consecutive quarter, while the North West Shelf Project delivered 99.7%. -
29 Apr 26
Colombia: Arrow Exploration announces 2025 Y/E and Q4 2025 results
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has announced 2025 Y/E and Q4 2025 results. -
29 Apr 26
TotalEnergies announces first quarter 2026 results
Driven by a 4% year-on-year organic production growth, offsetting the impact on production of the current Middle East conflict, TotalEnergies reports adjusted net income of $5.4 billion and a cash flow of $8.6 billion in the first quarter, demonstrating its ability to capture price upside through a high-performing and diversified integrated portfolio in oil, gas and power. IFRS net income amounted to $5.8 billion. -
29 Apr 26
Serica Energy completes placing of $300 million Nordic bond issue
Serica Energyhas announced the successful completion of a placement of $300 million of new five-year senior unsecured bonds with a coupon rate of 7.875% per annum. -
29 Apr 26
Europe: TotalEnergies finalizes the acquisition of 50% of a portfolio of flexible power generation assets from EPH
TotalEnergies has announced the completion of the acquisition agreed on 16 November 2025 of 50% of EPH’s flexible power generation platform in Western Europe. -
29 Apr 26
OKEA – First quarter 2026 financial results
In the first quarter of 2026, OKEA delivered operating income of USD 239 (107) million and EBITDA of USD 129 (50) million. Net profit amounted to USD 36 (loss of 18) million. Total cash ended at USD 269 (309) million. Guidance for 2026 and 2027 remains unchanged. -
29 Apr 26
Spain: Successful wind repowering in Spain achieves 98 percent waste recovery
Statkraft, Europe’s largest renewable energy producer, has successfully completed the first phase of the Montes de Cierzo wind repowering project in Navarra, replacing 44 old turbines with 10 new ones, increasing the capacity to produce clean energy while reducing visual impacts and achieving almost full recycling and reuse of the old components. -
29 Apr 26
UK: Matrix Renewables closes £245 million non-recourse financing for 500MW battery storage project in Scotland
Matrix Renewables, the TPG Rise-backed global renewable energy platform, has successfully closed a £245 million non-recourse project financing to support the construction of a large-scale, transmission-connected 500MW / 1,000MWh Battery Energy Storage System (BESS) project located in Eccles–Leitholm, in southern Scotland. -
29 Apr 26
Venezuela: Acting President of Bolivarian Republic of Venezuela Delcy Rodriguez meets with Eni CEO Claudio Descalzi
Delcy Rodriguez, Acting President of Bolivarian Republic of Venezuela met with Eni CEO, Claudio Descalzi in Caracas. Eni signed a programmatic agreement with the Ministry of Hydrocarbons and PDVSA to relaunch oil activities, specifically Junin-5 (PDVSA 60%, Eni 40%), located in the Orinoco Belt, a heavy oil field containing 35 billion barrels of certified oil in place. -
29 Apr 26
Brazil: Petro Victory Energy announces successful SJ 12 well results
Petro Victory Energy has announced the results of 7-SJ-12DA-MA well ('SJ-12') in the São João ('SJ') field, Barreirinhas Basin, Brazil. A well testing campaign is planned to further evaluate the SJ-12 well, with results to be announced separately. -
29 Apr 26
SLB launches breakthrough reservoir mapping solution
Global energy technology company SLB has launched AlphaSight™, the company’s latest innovation in reservoir mapping and drilling intelligence. AlphaSight leverages industry-first technologies, setting a new benchmark for visibility and control in complex drilling environments to maximize production potential. -
29 Apr 26
Odfjell Technology signs MoU with ANT to deliver advanced P&A solution in Southeast Asia
Odfjell Technology has signed a Memorandum of Understanding (MoU) with ANT (Applied New Technologies) to work together to deliver a next generation erosion tool for well plug and abandonment (P&A) projects across Southeast Asia.
