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10 Aug 26
Brazil: Petrobras reports R$ 52.4 billion (US$ 10.4 billion) profit in Q2 2026
Petrobras reported net income of R$ 52.4 billion (US$ 10.4 billion) in the second quarter of 2026, 97% higher than in the same period of 2025. Adjusted EBITDA amounted to R$ 93.8 billion (US$ 18.6 billion). The company's operational performance drove the financial results for the quarter, which was marked by record levels of Petrobras-operated oil production in Brazil.
10 Aug 26
Serica Energy issues statement regarding Final Offer for Pharos Energy
Further to the announcement made by Serica Energy and Pharos on 26 July 2026 setting out the terms of a recommended cash offer for the entire issued and to be issued share capital of Pharos, Serica has provided an update on the terms of the Serica Offer.
10 Aug 26
UK: Chinese wind turbine giant urges Burnham to overturn security ban
Chinese wind turbine manufacturer Ming Yang is seeking to persuade Prime Minister Andy Burnham to overturn a government ban on its equipment, reviving hopes of a major manufacturing investment in Scotland.
10 Aug 26
SBM Offshore announces Half Year 2026 earnings
SBM Offshore entered 2026 with strong momentum and delivered a strong performance in the first half of 2026, underpinned by disciplined execution across our portfolio and the sale of FPSO ONE GUYANA. In an increasingly complex and volatile environment, these results highlight the resilience of our business model, commented Øivind Tangen, CEO of SBM Offshore.
10 Aug 26
UK: Neshion Energy Park application submitted to the Scottish Government
The application for consent for the proposed Neshion Energy Park has been submitted to the Scottish Government. The project is located adjacent to Sullom Voe Oil Terminal, strategically placed to underpin the next stage of Shetland’s energy transition.
10 Aug 26
Cadeler strengthens future installation capacity with firm orders for two new T-class vessels
Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031.
10 Aug 26
UK: UK Government urged to ‘end the madness’ and approve Jackdaw
The UK Government has been urged to end uncertainty over the North Sea and approve the Jackdaw gas field as a public consultation on the project closes today. Aberdeen & Grampian Chamber of Commerce said the case for the development was 'overwhelming', arguing that it would support jobs, investment and energy security while reducing reliance on higher-emission imported LNG.
10 Aug 26
DOF Group awarded contracts for 2x AHTS vessels in the CARICOM region
DOF Group has been awarded firm contracts with a combined duration of 150 days for two of its AHTS vessels in the CARICOM (Caribbean Community) region. DOF will also provide ROV services for the engagement.
10 Aug 26
UK: Fred. Olsen Renewables files planning application for a 20-turbine wind farm at Invercassley in Sutherland
Fred. Olsen Renewables has submitted a Section 36 application to Scottish Ministers for a 20-turbine wind farm proposal at Invercassley in Sutherland.
10 Aug 26
UK: Angus Energy announces accelerated debt reduction
Angus Energy has announced that, following completion of its recently announced financial restructuring, it has completed the first cash sweep under the amended financing arrangements.
10 Aug 26
India: Shearwater awarded two large 3D seismic acquisition projects in India
Shearwater Geoservices has received two separate Letter of Awards (LOA’s) from Oil and Natural Gas Corporation Limited ('ONGC'), each representing a large offshore 3D seismic survey offshore India. Combined, the two projects add approximately 15 vessel months of backlog.
10 Aug 26
Australia: TGS awarded 4D streamer contract offshore Australia
TGS, a leading provider of energy data and intelligence, has announced the award of a 4D streamer acquisition contract offshore Australia. The Ramform Sovereign is scheduled to mobilize in December, with the survey expected to have a duration of close to 50 days.
10 Aug 26
ADNOC Gas delivers resilient Q2 net income, takes FID on major growth projects
ADNOC Gas and its subsidiaries have announced its results for the second quarter of 2026, delivering net income of $665 million, above the guidance range of $400-600 million, despite exceptional external disruption during the period.
09 Aug 26
UK: Jackdaw gas field should be approved, says leading energy academic
A leading energy academic has urged regulators to approve the Jackdaw gas field, arguing the UK will become more reliant on higher-emissions imports if the North Sea project does not proceed. Jackdaw is one of two major North Sea developments being advanced by Adura, alongside the Rosebank field west of Shetland. The Company says the projects together represent £10.8 billion of investment and will generate £28.7 billion in gross value added over their producing lifetimes.
09 Aug 26
ABO Energy agrees the sale of its Polish and Hungarian subsidiaries
ABO Energy has agreed, as planned, the sale of its Hungarian and Polish subsidiaries. The Greek company PPC, the leading South-East European integrated utility Group, will acquire the two companies, including all 38 ABO Energy employees in the two countries, a development pipeline with a total capacity of around two gigawatts, and five operational solar parks with a combined capacity of 82 megawatts as well as a 17 megawatts solar farm nearing completion.
09 Aug 26
Ikon Science unites Petrosys Group and Omnira Software under the Ikon Science brand
Ikon Science has announced that Petrosys Group and Omnira Software have united under the Ikon Science brand, giving customers access to one of the industry’s most comprehensive software portfolios for the upstream energy sector.
09 Aug 26
Mozambique: ExxonMobil awards McDermott Letter of Intent for Rovuma LNG Project
McDermott Energy Solutions (UK), a subsidiary of McDermott and a majority shareholder in the SMDC joint venture, has been awarded by ExxonMobil Moçambique Limitada, on behalf of the Area 4 partners, a letter of intent including limited engineering and procurement services for the continuation of the Rovuma LNG Phase 1 midstream development.
09 Aug 26
India: Bourbon's new subsea vessel Evolution 810 begins its first operations offshore India
Bourbon Evolution 810, the latest in the Bourbon Evolution 800 series, which is starting its first long-term contract off the Indian coast. Designed for deepwater operations, this vessel strengthens the Group’s IMR (Inspection, Maintenance and Repair) fleet and supports BOURBON’s customers in their complex Subsea operations.



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