Latest News
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12 May 26
Santos takes FID on Agogo Production Facility Tie-In Project in Papua New Guinea
Santos has announced a final investment decision to proceed with the Agogo Production Facility (APF) Tie-In Project in Papua New Guinea, following approval by the PNG LNG joint venture. -
12 May 26
UK: SSEN Transmission leads rollout of 'revolutionary' modular substations for grid connections
A new approach to substation delivery is leading the way, with standardised modular substations that enable much of the assembly, wiring, and testing to be completed off site before installation and commissioning. Designed to operate at 132kV and 33kV, the modular substations are ideally suited to smaller-scale grid connection projects, including individual windfarms and other renewable generation. -
12 May 26
Australia: New report finds economic boost from Browse
Independent modelling shows the proposed Browse to North West Shelf (NWS) Project represents a significant opportunity to strengthen Australia’s energy security, support the energy transition and deliver long-term economic benefits for Western Australia and the nation. -
12 May 26
Pharos Energy provides Trading and Operations Update ahead of AGM
Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has provided a Trading and Operations Update ahead of the Company’s annual general meeting (AGM). -
12 May 26
UK: Jersey Oil and Gas announces final results for Y/E 31 December 2025
AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, has announced its audited financial results for the year ended 31 December 2025. -
12 May 26
Brazil: New Wave Offshore Energy selected as Marine Warranty Surveyor for Shell’s Orca Project
New Wave Offshore Energy has announced the award of a major Marine Warranty Survey (MWS) contract for Shell’s Orca Project in the pre-salt Santos Basin, offshore Brazil. -
12 May 26
Odfjell Technology reports for the first quarter of 2026
Odfjell Technology reports first-quarter 2026 revenue of NOK 1,374 million and EBITDA of NOK 188 million. Adjusted EBITDA was NOK 204 million, after NOK 16 million of one-off costs primarily related to the acquisition of Kaseum and Razor, completed during the quarter. The EBITDA margin was 14%. -
12 May 26
Odfjell Drilling reports for the first quarter of 2026
Odfjell Drilling continued to prove the value of its strategy during Q1 2026, with strong financial results mainly driven by operational performance. Revenue and EBITDA have increased. -
12 May 26
UK: Fugro geotechnical survey to support Berwick Bank B offshore wind farm
Fugro has been awarded a major geotechnical survey contract by SSE for Berwick Bank B, part of the landmark Berwick Bank offshore wind project in the North Sea. -
12 May 26
Seadrill announces first quarter 2026 results
Seadrill has announced its first quarter 2026 results. Secured multiple contract awards across the U.S. Gulf, Brazil and Angola, adding over $860 million to Contract Backlog since the February fleet status report. Contract Backlog now stands at $3.1 billion. -
12 May 26
Germany: BayWa r.e. secures operations contract for Germany's largest battery storage system
BayWa r.e. has strengthened its Asset Operations business with the signing of an eight-year service contract with a Danish investment fund - the Scale Fund, for the 'Alfeld' battery storage system located in Lower Saxony, Germany. -
11 May 26
Poland: Ørsted and PGE kick off offshore installation of Baltica 2 project
Ørsted and PGE are moving ahead with full-scale offshore construction activities on the Baltica 2 project. The first foundations have been successfully installed in the Polish part of the Baltic Sea. With this project, Ørsted and PGE are building Poland’s largest offshore wind farm of 1.5 GW – enough to power 2.5 million Polish households. -
11 May 26
Sweden: Hexicon acquires the remaining shares in Mareld Green Energy and becomes sole owner
Hexicon has entered into an agreement to acquire the remaining 50 percent of the shares in Mareld Green Energy from its joint venture partner Mainstream Renewable Power. Following the transaction, Hexicon will own 100 per cent of Mareld Green Energy. Through the acquisition, Hexicon will take full ownership and control of Mareld, a strategically important project in the company’s Swedish offshore wind portfolio. -
11 May 26
Germany: New WELTEC BIOPOWER website
A modern website for international audiences. The new website showcases WELTEC BIOPOWER's 25 years of experience as one of the world’s leading manufacturers of biogas and biomethane plants. In order to increase visibility of its service portfolio and improve access to information, the company has completely overhauled its website. -
11 May 26
UK: Industry leaders urge Government to prioritise industrial decarbonisation to protect jobs and energy security
Leading industry bodies have warned the Energy Secretary that urgent Government action on industrial decarbonisation is needed. Without it, the UK risks accelerating the decline of its foundational industries, putting jobs, investment and energy security at risk.
