Latest News
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11 May 26
Azerbaijan: SOCAR completes the acquisition of Italiana Petroli (IP) from API Holding
SOCAR thas announced the completion of the acquisition of 99.82% of the shares of Italiana Petroli (IP) from API Holding. The acquisition reflects SOCAR’s long-term strategy of expanding its integrated energy value chain and strengthening its presence across Europe, with Italy representing a core market within its regional portfolio. -
11 May 26
USGS releases assessment of undiscovered oil and gas resources in Bossier Formation of Gulf Coast
The U.S. Geological Survey released its assessment of undiscovered gas and oil in the Bossier Formation along the Gulf Coast, assessing that there are technically recoverable resources of 343.5 trillion cubic feet of gas – enough to supply the United States for more than 10 years at the current rate of consumption - as well as 3 million barrels of oil. -
11 May 26
Portugal: Electrification can strengthen Portugal’s energy security and economic resilience
Portugal is making strong progress in transforming its electricity system, underpinned by range of energy technologies, but further efforts are needed across multiple sectors to realise its ambitious targets, according to a new report by the International Energy Agency. -
11 May 26
Chile: Grenergy secures a new $268 million financing for Central Oasis
Grenergy has closed a $268 million senior non-recourse financing agreement, including credit facilities, for the Monte Águila plant. The project has a solar capacity of 342 MW and 1,034 MWh of storage and is part of the Central Oasis platform, located in Chile. -
11 May 26
Spain: Axpo inaugurates 200 MWp solar complex in Spain
The Vilecha solar complex in north-western Spain was officially opened by Axpo on 7 May 2026. The large-scale facility comprises four major photovoltaic plants with a combined capacity of 200 megawatts peak (MWp). -
11 May 26
UK: Early stage assessment begins for potential Northumberland wind farm
Vattenfall is exploring plans for a new wind farm on land adjacent to the existing Ray Wind Farm near Kirkwhelpington, Northumberland. Existing Ray Wind Farm has been operating for nearly a decade. -
11 May 26
Namibia: 88 Energy provides an update on its interest in PEL 93, onshore Namibia, following an amendment to the Farm-In Agreement with Monitor
88 Energy has provided an update on its interest in Petroleum Exploration Licence 93 (PEL 93), onshore Namibia, following an amendment to the Farm-In Agreement with operator Monitor Exploration. -
11 May 26
Ireland: Lansdowne Oil & Gas provides update on Energy Charter Treaty ('ECT') Arbitration Claim
Lansdowne Oil & Gas plc has successfully registered its Request for Arbitration with the International Centre for Settlement of Investment Disputes concerning its dispute with Ireland over the Barryroe oil and gas field, pursuing a claim of at least US$100 million plus interest. -
11 May 26
GoM: TGS awarded OBN contract in Gulf of America
TGS, a leading global provider of energy data and intelligence, has announce the award of an ultra-high resolution OBN contract in the Gulf of America. A deep-water crew is scheduled to mobilize early June 2026. -
10 May 26
Australia: Amplitude Energy confirms that it has received production licence VIC/L37, which covers the discovered Annie field
Amplitude Energy has received production licence VIC/L37, which covers the discovered Annie field. Annie was first discovered in 2019, with first gas planned for 2028. -
10 May 26
Saudi Arabia: Aramco announces first quarter 2026 results
Aramco’s first-quarter performance reflects strong resilience and operational flexibility in a complex geopolitical environment. Aramco's East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz. -
10 May 26
UK: OEUK’s Offshore Aviation Conference: Elevating performance and embracing change
Offshore helicopter operations are top of the agenda at OEUK’s offshore aviation conference in Aberdeen on May 19. Industry leaders and experts in aviation will convene to address the theme of ‘Enhancing performance and embracing change’. -
10 May 26
UK: Homegrown policy must match homegrown energy ambition
Offshore Energies UK (OEUK) has congratulated new and re-elected MSPs in Scotland, MSs in Wales, and councillors across England and stands ready to work in partnership to secure a modern industrial future powered by homegrown energy. -
10 May 26
24/7 Renewables Outcompete Fossil Fuels on Costs
New IRENA report confirms the cost-competitiveness of round-the-clock renewable power through hybrid solutions of solar and wind with battery storage. Solar and wind energy paired with battery storage are reliable and already today deliver cost-effective, round-the-clock electricity, according to a new report by the International Renewable Energy Agency (IRENA).
