Latest News
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07 May 26
Shell announces first quarter 2026 results
Shell has released its first quarter results and first quarter interim dividend announcement for 2026. Q1 2026 Adjusted Earnings of $6.9 billion reflect strong performance across the business. CFFO excluding working capital was $17.2 billion for the quarter. Working capital outflow of $11.2 billion in Q1 2026 reflects impact of unprecedented volatility in commodity prices. -
07 May 26
Indonesia: Eni’s Geliga 1 giant gas discovery delivers exceptional test results offshore Indonesia
Eni announces that the Geliga-1 discovery has been successfully tested. A Drill Stem Test (DST) was carried out, confirming outstanding reservoir productivity. Test results demonstrate high deliverability, further strengthening the strategic potential of Indonesia’s Kutei Basin and supporting accelerated development options leveraging existing and planned infrastructure. -
07 May 26
UK needs 5GW of offshore wind every year to stay on track for government goals
The UK needs to deliver at least 5 gigawatts (GW) of new offshore wind every year if it is to meet the government’s clean power goals, according to a new report published today by Offshore Energies UK (OEUK). -
07 May 26
Genel Energy announces trading and operations update Q1 2026
Genel Energy has issued a trading and operations update relating to Q1 2026, ahead of the Company's Annual General Meeting, which is being held today. -
07 May 26
Harbour Energy announces Trading and Operations Update ahead of AGM
Harbour Energy has provided an unaudited Trading and Operations Update for Q1 2026. This is issued ahead of the Company’s Annual General Meeting (AGM), to be held today at 10.00 BST. -
07 May 26
US: 88 Energy secures rig for Augusta-1 exploration well, South Prudhoe, North Slope Alaska
88 Energy has secured Nordic-Calista Services Rig-3 to drill the Augusta-1 exploration well, located within the Company's South Prudhoe acreage on Alaska's North Slope (100% working interest, 16.7% royalty). The Company is progressing a farmout-led funding strategy, supported by its existing cash position, to enable the drilling of the Augusta-1 well in Q1 CY2027 while retaining material exposure to exploration upside. -
07 May 26
UK: Centrica completes acquisition of 850MW Severn power station
Centrica has announced the acquisition of the Severn Combined-Cycle Gas Turbine (CCGT) power station in South Wales from Calon Energy Group for approximately £370 million. -
07 May 26
Panoro Energy provides an operational and financial update in advance of its Q1 2026 results
Panoro Energy, a Norwegian-listed independent E&P Company, with production, development and exploration assets in West and North Africa and exploration assets in South Africa, has provided an operational and financial update in advance of its Q1 2026 results which are scheduled for release on 21 May 2026 -
07 May 26
North Sea performance lifts DNO profits
DNO, the Norwegian oil and gas operator, today reported strong first-quarter results driven by record North Sea production and sharply higher March oil and gas prices. Operating profit surged 60 percent quarter-on-quarter to USD 284 million on revenues of USD 627 million, up 30 percent. Net profit for the period totaled USD 51 million. -
07 May 26
Solstad Maritime announces Letter of Intent for CSV Normand Jarstein
Solstad Maritime has announced a Letter of Intent (LOI) with Reach Subsea for the charter of the CSV Normand Jarstein for operation in the Mediterranean and Black Sea. -
07 May 26
Halliburton and Shape Digital form strategic collaboration to advance digital asset performance management
Halliburton and Shape Digital entered a strategic collaboration to advance digital asset performance management through a unified asset view that connects subsurface and surface intelligence. The collaboration extends trusted data, domain science, operational expertise, and applied AI to support predictive, asset-level decision-making over the full production lifecycle. -
06 May 26
Ørsted delivers progress and strong operational performance
Ørsted’s Board of Directors have approved the interim report for the first quarter of 2026. Ørsted delivered strong operational performance in the first quarter of 2026 with an EBITDA (excluding new partnerships and cancellation fees) of DKK 9.5 billion. During Q1 2026, Ørsted also made significant progress on its construction projects across three continents. -
06 May 26
US: Diversified and Carlyle partner to acquire assets from Camino Natural Resources
Diversified Energy Company, in partnership with global investment firm Carlyle's Global Credit platform, are pleased to announce the execution of a purchase agreement for the acquisition of a bolt-on portfolio of certain oil and natural gas properties, along with related assets located within the Anadarko Basin of Oklahoma from Camino Natural Resources. -
06 May 26
UK: Record-breaking turbine blades arrive at Mill Rig Wind Farm
The delivery of the longest turbine blades ever to be installed at a UK onshore wind farm is now underway, marking a major milestone in the development of Mill Rig Wind Farm in South Lanarkshire. -
06 May 26
Norway: Equinor reports Eirin field in production - more gas to Europe
Equinor reports that the Eirin field has come on stream and is now exporting gas to Europe via the Gina Krog and Sleipner A platforms in the North Sea. The subsea development has been developed in record time. Expected recoverable resources from Eirin are about 27.6 million barrels of oil equivalent, mainly gas. -
06 May 26
Vestas announces Interim Report, Q1 2026
Quarterly revenue of EUR 4bn with an EBIT margin before special items of 3.2 percent. Order intake of EUR 5.2bn and combined order backlog of EUR 76.1bn. Full-year guidance maintained. -
06 May 26
Chevron reports first quarter 2026 results
Chevron reported earnings of $2.2 billion for first quarter 2026, compared with $3.5 billion in first quarter 2025. Included in the quarter was a net loss of $360 million related to a legal reserve. Foreign currency effects decreased earnings by $223 million. Adjusted earnings of $2.8 billion in first quarter 2026 compared to adjusted earnings of $3.8 billion in first quarter 2025. -
06 May 26
TotalEnergies develops Pangea 5, a Next-Generation Supercomputer that will increase its computing power sixfold
TotalEnergies, in collaboration with Dell Technologies and NVIDIA, has announced the signing of a contract for the design and installation of Pangea 5, its next high-performance supercomputer.
