Latest News
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07 May 25
Brazil: DUG launches joint venture in Brazil
DUG has officially launched its Brazilian joint venture, DUG DO Brasil, further expanding the company’s global presence and strengthening its ability to deliver tailored geoscience offerings across Latin America. -
07 May 25
Panoro Energy provides trading statement and operations update
Panoro Energy has provided an operations update in advance of its Q1 2025 results which are scheduled for release on 21 May 2025. Group working interest production in Q1 was approx. 12,000 bopd. In April the Company reported a 22 per cent year-on-year increase in net 2P reserves and an organic reserve replacement ratio in 2024 of 309 per cent. -
07 May 25
UK: Wood boosts North Sea operations with triple extension awards
Wood, a global leader in consulting and engineering, has secured a trio of reimbursable contract extensions worth $118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business. -
07 May 25
UK: Welsh Government backs tidal power with £2 million investment
The Welsh Government has completed a £2 million equity investment in tidal energy firm Inyanga Marine Energy Group, reinforcing Wales' commitment to developing renewable energy. -
07 May 25
UK: Ørsted to discontinue the Hornsea 4 offshore wind project in its current form
Ørsted has decided to discontinue the Hornsea 4 project in the UK in its current form. Since the Contract for Difference (CfD) award in allocation round 6 (AR6) in September 2024, the 2,400 MW Hornsea 4 project has seen several adverse developments relating to continued increase of supply chain costs, higher interest rates, and an increase in the risk to construct and operate Hornsea 4 on the planned timeline for a project of this scale. -
07 May 25
Denmark: BlueNord announces preliminary production for April 2025
BlueNord has announced its preliminary production figures for April 2025. In April 2025, the preliminary production was 34.5 mboepd net to BlueNord. The base assets, Dan, Gorm and Halfdan produced 21.7 mboepd, which was in line with expectations, and 12.8 mboepd was produced from the Tyra hub. -
07 May 25
UK: Angus Energy announces operations and finance update
Angus remains confident in the gas reserves and potential of the Saltfleetby Field and is investigating options to increase production through workovers and new drilling as well as potential acquisitions to strengthen the financial position of the Company. -
07 May 25
US: Zephyr Energy reports successful initial results from State 36-2R well production test
Zephyr Energy has provided initial results from the production test on the State 36-2 LNW-CC-R well at the Company's flagship project in the Paradox Basin, Utah, U.S. The production test successfully delivered on all key objectives and the test data gathered suggests that there is more than sufficient deliverability for a commercial well. -
07 May 25
Norway: Aker BP reports first quarter 2025 results
Aker BP delivered another strong operational quarter, supported by high production efficiency, low costs, and low emissions. The project portfolio remains on track to enable production growth from 2027, while two new discoveries have further strengthened the Company's future development pipeline. -
07 May 25
TGS awarded 4D streamer contract
TGS, a leading provider of energy data and intelligence,has announced the award of a 4D streamer contract in the East Mediterranean. Acquisition is scheduled to commence in Q2 this year and the contract has a duration of approx. 90 days. -
07 May 25
Allseas expands fleet with two next-generation offshore construction vessels
Allseas is strengthening its offshore capabilities with the acquisition of two newbuild offshore construction vessels (OCVs), a strategic investment that enhances the fleet’s versatility and positions the company for long-term growth in a rapidly evolving market. -
07 May 25
North Star marks delivery of first CSOV - Grampian Kestrel
North Star has officially named its first commissioning service operation vessel (CSOV), the Grampian Kestrel. The vessel was named at a ceremony at VARD’s shipyard in Tomrefjord, Norway, Vard Langsten on Tuesday 6 May. -
07 May 25
EMGS establishes new business platform within Subsea Construction through vessel acquisition - no equity required
Electromagnetic Geoservices ('EMGS') has announced a significant step in the Company's strategic development through the establishment of a new business platform within the offshore subsea construction market. EMGS has entered into a set of agreements to acquire the OSCV Siem Day, a subsea construction vessel of the design type OSCV 11L. -
07 May 25
HD Hyundai and Maersk sign MOU for cooperation on decarbonisation technology and integrated logistics services
HD Hyundai and A.P. Moller - Maersk (Maersk) have announced the signing of a Memorandum of Understanding (MOU) to establish a collaboration on decarbonisation solutions for vessels, while HD Hyundai plans to expand the use of Maersk’s integrated logistics services across its affiliates. -
06 May 25
Germany: Vattenfall and terralayr have signed a multi-asset capacity tolling deal
Energy utility Vattenfall and terralayr are setting a milestone in the power and energy market: with the first known multi-asset capacity toll, the two companies have signed a groundbreaking offtake agreement for a decentralized fleet of battery storage systems. -
06 May 25
UK: Pragmatic approach to energy policy needed to grow UK economy
The leading trade body for the offshore energy sector, Offshore Energies UK (OEUK), has responded to a UK Government consultation on building the North Sea’s energy future. The consultation, which closed 30 April, invited views on policies impacting the production of energy in UK waters, including government proposals to stop issuing new oil and gas licences
