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10 May 26
24/7 Renewables Outcompete Fossil Fuels on Costs
New IRENA report confirms the cost-competitiveness of round-the-clock renewable power through hybrid solutions of solar and wind with battery storage. Solar and wind energy paired with battery storage are reliable and already today deliver cost-effective, round-the-clock electricity, according to a new report by the International Renewable Energy Agency (IRENA).
10 May 26
UAE and Austria reaffirm energy and industrial ties as Austrian Chancellor visits ADNOC HQ
His Excellency Christian Stocker, Chancellor of the Republic of Austria, visited ADNOC’s Headquarters during his official visit to the United Arab Emirates (UAE).The visit follows the recent completion of the transactions by OMV and ADNOC’s global investment arm, XRG, to form Borouge International, through the combination of Borouge and Borealis and the acquisition of NOVA Chemicals, creating a global polyolefins leader.
10 May 26
Indonesia: Conrad Asia announces execution of Mako SURF contract
Conrad Asia Energy subsidiary, West Natuna Exploration Limited, the operator of the Duyung PSC in the Natuna Sea, offshore Indonesia, has formally executed a binding contract with PT. Timas Suplindo for the provision of Subsea Umbilical, Flowline, and Riser ('SURF') EPCI contract to support the development of the Mako Gas Field.
10 May 26
Sale of Petrofac Asset Solutions to CB&I completes
Petrofac confirms that the sale of its Asset Solutions business to CB&I has successfully completed.
10 May 26
GoM: Audubon offshore brownfield program expands to major assets in the US Gulf
Audubon Companies, a leading provider of engineering, procurement, construction (EPC), fabrication, and operations and maintenance (O&M) services, has announced that Shell has awarded the company an exclusive contract for engineering and procurement on its brownfield topside projects portfolio in the US Gulf.
08 May 26
UK: Odfjell Technology awarded three-year contract with EnQuest
Odfjell Technology has secured a three-year contract with EnQuest for platform drilling operations on the Magnus platform in the UK. The contract is scheduled to commence in Q3 2026 and includes two additional one-year extension options.
08 May 26
UK: Elements Green acquires 300MW Newarthill BESS project to strengthen UK storage pipeline
Elements Green has completed the acquisition of the Newarthill Battery Energy Storage System (BESS) project from Geocore, marking a further expansion of its UK energy storage portfolio.
08 May 26
France: Voltalia announces commissioning of three solar power plants in southern France
Voltalia, an international player in renewable energies, has announced the commissioning of three photovoltaic power plants in south of France, representing a total capacity of 26.9 megawatts.
08 May 26
UK: Thistle Wind Partners submits offshore plans for Bowdun Offshore Wind Farm
Thistle Wind Partners (TWP) has taken the next step in the development of its Bowdun Offshore Wind Farm project with the submission of its offshore consent application to the Scottish Government’s Marine Directorate - Licensing and Operation Team.
08 May 26
Norway: Norwegian Offshore Directorate grants Equinor a drilling permit for well 34/10-56 S
The Norwegian Offshore Directorate has granted Equinor a drilling permit for wellbore 34/10-56 S in production licence PL050 HS.
08 May 26
Vaalco Energy announces first quarter 2026 results
VAALCO Energy has reported operational and financial results for the first quarter 2026. Additionally, the Company provided operational and financial guidance for the second quarter and full year of 2026.
08 May 26
Tunisia: JOINT OIL announces new bid round for Zarat Development and Joint Oil Block Exploration Acreage - appoints Moyes & Co as Strategic Advisor
JOINT OIL announces New Bid Round for Zarat Development and Joint Oil Block Exploration Acreage; Appoints Moyes & Co. as Strategic Advisor
08 May 26
Saudi Arabia: Aramco and solutions by stc collaborate to deploy next-generation supercomputer, powering Upstream digital excellence
08 May 26
Australia: DOF Group announces contract award in the APAC Region
DOF has announced a Substantial contract award for Subsea Commissioning Support services in the APAC Region. Skandi Inventor will be deployed for the execution of the offshore operations scheduled to commence in Q2 2027 in North Australian waters.
08 May 26
Brazil: Weatherford wins managed pressure drilling and subsea intervention contracts with Constellation Oil Services offshore Brazil
Weatherford International has been awarded two contracts with Constellation Oil Services to support offshore operations in Brazil, strengthening its long-standing presence in the country’s deepwater market.
08 May 26
Peru: PetroTal, a publicly-traded oil and gas development and production company focused on the development of oil assets in Peru
PetroTal, a publicly-traded oil and gas development and production company focused on the development of oil assets in Peru, has reported its operating and financial results for the three months ended March 31, 2026.
07 May 26
US: Devon Energy and Coterra Energy complete merger
Devon Energy and Coterra Energy have announced the successful completion of their previously announced all-stock merge, creating a premier large-cap shale operator with a high-quality asset base anchored by a leading position in the economic core of the Delaware Basin.
07 May 26
UK: BW Offshore enters into an agreement with the Catcher field partners to amend the contract period for the FPSO BW Catcher
BW Offshore has entered into an agreement with the Catcher field partners to amend the contract period for the FPSO BW Catcher. The amendments convert the current contract into an agreement with a defined end of term framework to 31 December 2030 (± 6 months) and remove the previous unilateral options for one-year extensions.
07 May 26
UK: NSTA heavyweights join impressive line-up of speakers at 25th All-Energy Conference
Big hitters from the North Sea Transition Authority (NSTA) will lend their weight to thought-provoking conversations about the UK’s energy security at a flagship event in Scotland next week. The All-Energy Exhibition and Conference – which brings together leading voices from across the low-carbon sectors, and is celebrating its 25th anniversary – takes place in Glasgow on 13-14 May.
07 May 26
UK-wide collaboration in focus at OEUK’s first CCS & Hydrogen summit
As Carbon Capture and Storage (CCS) and Hydrogen sectors gather momentum, Offshore Energies UK (OEUK) will host its first ever North Sea CCS & Hydrogen Summit at the Sheraton Grand Hotel in Edinburgh on 1–2 June.



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