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25 May 26 |
Australia: Beach unlocks value through Otway optimisation Beach Energy has entered into an agreement to sell its 60% operated interest in VIC/L35, including the Artisan gas discovery, to Amplitude Energy (50%) and O.G. Otway (10%). The Transaction delivers cash proceeds at completion, retains economic exposure to future production through a royalty, and improves capital allocation flexibility across Beach’s growth portfolio. |
25 May 26 |
Unity strengthens market position with major decommissioning wins, supporting ongoing international expansion Aberdeen-based Unity has accelerated its global growth trajectory following a record period, securing more than £6 million in new contracts and committing £1.8 million to enhance its specialist technology portfolio. |
24 May 26 |
UK: Reeves launches fresh oil and gas tax raid to fund support package Chancellor Rachel Reeves has announced a fresh tax raid on oil and gas companies, scrapping rules that allowed firms to offset UK trading profits against losses made by overseas subsidiaries. |
24 May 26 |
Australia: Comet Ridge announces update on acquisition of Mahalo Gas Project Comet Ridge has updated the market on its agreement for the acquisition of Santos QNT Pty Ltd’s 42.86% interest in the Mahalo Gas Project1 (MGP) announced 17 December 2025. |
24 May 26 |
Norway: Subsea 7 announces award of a substantial contract by Vår Energi for the Goliat Gas Export Project Subsea 7 has announced the award of a substantial contract by Vår Energi for the Goliat Gas Export Project, located in the Barents Sea, offshore Norway. |
