Latest News
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06 May 26
Expro to acquire Enhanced Drilling
Energy services provider Expro has entered into a definitive agreement to acquire Enhanced Drilling, a technology leader in managed pressure drilling (MPD), creating a growth platform that expands Expro’s drilling and completion capabilities throughout the well lifecycle. -
06 May 26
Malaysia: PETRONAS and ENEOS Xplora strengthen strategic partnership to support long-term energy security
PETRONAS and ENEOS Xplora ('ENEOS') have reaffirmed their long-standing partnership, first established in 1995, through the signing of definitive agreements formalising ENEOS’ re-entry into Malaysia LNG Tiga Sdn. Bhd. (MLNG Tiga). -
06 May 26
'European leadership depends on integration, scale, and protection of strategic industries'
Industrial Champion – Event in Hamburg marked 10 years since the integration of Nordex and ACCIONA Windpower. 'Europe is the world leader in decarbonisation and electrification. Whether the continent continues to lead or not depends on the market integration, scale, and protection of strategic industries,' said José Manuel Entrecanales, Chairman and CEO of ACCIONA. -
06 May 26
Ørsted delivers progress and strong operational performance
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: INEOS and Shell agree to progress new oil and gas opportunities in the Gulf of America
INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America. -
06 May 26
US: Union Jack Oil announces spudding of Crossroads well, Oklahoma USA
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has been informed by Reach Oil and Gas Company (the 'Operator'), that the Crossroads Well was spudded on 5 May 2026. Union Jack currently holds a 43% interest in the project. -
06 May 26
UK: NSTA decision to offer Gas Storage Licence to EnergyPathways
AIM-listed EnergyPathways, the UK energy transition company, has announced that its wholly owned subsidiary, EnergyPathways Irish Sea Limited, is to be awarded a Gas Storage Licence ('GSL') by the North Sea Transition Authority ('NSTA') in connection with its MESH project. -
06 May 26
Scatec first quarter 2026: Driving growth across our global portfolio
In the first quarter, Scatec continued to progress its near-term growth portfolio, which is at an all-time-high. Proportionate revenues were NOK 1,640 million (2,387 million), and EBITDA was NOK 774 million (1,379 million). -
06 May 26
Egypt: Scatec signs equity partnership agreement for Obelisk in Egypt
Scatec, a leading renewable energy solutions provider, has signed a shareholder agreement with National Bank of Egypt (NBE), the largest commercial bank in Egypt, for an equity partnership in Scatec’s 1.1GW solar and 100MW/200MWh battery storage hybrid project, Obelisk in Egypt. -
06 May 26
Equinor announces first quarter 2026 results
Equinor delivered an adjusted operating income of USD 9.77 billion and USD 2.86 billion after tax in the first quarter of 2026. Equinor reported a net operating income of USD 8.78 billion and a net income of USD 3.10 billion. Adjusted net income was USD 3.70 billion, leading to adjusted earnings per share of USD 1.48. -
06 May 26
Brazil: DOF Group awarded 12-year charter/services contracts for each of 4 x RSV newbuilds in Brazil
DOF Group has announced the award, following a competitive tender process, of 12-year long-term charter/services contracts for ROV Support Vessels ('RSV') in Brazil. -
06 May 26
Occidental announces Q1 2026 results
Occidental has announced results for the first quarter of 2026, including net income attributable to common stockholders of $3.2 billion, or earnings per diluted share (EPS) of $3.13, and adjusted income from continuing operations attributable to common stockholders of $1.1 billion, or adjusted EPS from continuing operations of $1.06. -
05 May 26
Germany: Vestas announces 117 MW of orders in Germany
Vestas has announced three orders in Germany as part of its Q2 order intake. The orders comprise: Nienwohlde 31 MW, Vogelsberg 50 MW and Münk Arbach 36 MW. -
05 May 26
Norway announces awards in predefined areas (APA) 2026
The Ministry of Energy announced APA 2026 on 5 May 2026, encompassing the predefined areas with blocks in the North Sea, Norwegian Sea and Barents Sea. -
05 May 26
Mexico: EnerMech wins major subsea pre-commissioning contract for Subsea7 on Trion development
EnerMech has been awarded a significant contract by Subsea7. This latest award reinforces EnerMech’s strong capability in the Americas and its commitment to supporting clients with technical expertise, operational reliability and integrated solutions that improve certainty across complex offshore developments -
05 May 26
OEUK: Scottish Government support for Scottish industry matters
With the Scottish election now just days away, Offshore Energies UK (OEUK) has underlined the importance of strong and consistent cross-party support for the industries that underpin jobs, investment and energy security across the country. -
05 May 26
RWE announces changes to the Management Board of RWE Offshore Wind GmbH
Sven Utermöhlen, CEO of RWE Offshore Wind, will leave the company at his own request on 30 September 2026; he will continue to advise RWE’s offshore wind business for six to twelve months. Tobias Keitel will become the new CEO of RWE Offshore Wind on 1 October 2026; Julian Garnsey will succeed Tobias Keitel as CTO.
