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06 Jan 26![]() |
Norway: Young source rock proven common in the Norwegian Sea For the first time, a new scientific publication has documented a young source rock with widespread presence in the Norwegian Sea. The presence of a source rocks is the number one prerequisite for forming petroleum. Documentation of a new source rock can create new exploration opportunities, particularly in areas with no previously known source rocks. |
| 06 Jan 26 |
UK: Phillips 66 agrees to acquire Lindsey Oil Refinery assets Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions. Key facilities to be integrated into the Humber Refinery rather than restarting standalone refinery operations at the Lindsey site. |
06 Jan 26![]() |
Argentina: Continental Resources expands Vaca Muerta position through agreement with Pan American Energy Continental Resources has signed an Assets Sale and Purchase Agreement with Pan American Energy (PAE) to acquire certain non-operating interests in four blocks located within the Vaca Muerta shale play in Argentina's Neuquén Basin. |
06 Jan 26![]() |
Colombia: Maurel and Prom acquires a 61% working interest and operatorship in the Sinu-9 gas licence in Colombia Etablissements Maurel & Prom (M&P) has announced that, further to its press release dated 29 December 2025 regarding the approval granted by Colombia’s National Hydrocarbons Agency (ANH), the transactions previously announced relating to the acquisition by M&P of a total 61% working interest and operatorship in the Sinu-9 gas licence in Colombia were successfully closed on Monday 5 January 2026. |
06 Jan 26![]() |
Prospex Energy appoints new CEO Prospex Energy, the AIM-quoted investment company focused on European gas and power projects, has announced that Mark Routh has advised the Board of his retirement as CEO and a director of the Company. Tom Reynolds will be appointed as Chief Executive Officer and a director of the Company with effect from no later than 1 February 2026. |
06 Jan 26![]() |
TGS enters multi-year agreement with supermajor for licensing of Imaging AnyWare TGS, a global leader in energy data and intelligence, has announced that a supermajor has entered into a multi-year enterprise agreement for the licensing of TGS’ Imaging AnyWare software suite. With the addition of this licensing agreement, TGS now counts multiple supermajors among its Imaging AnyWare software clients. |
06 Jan 26![]() |
Spain: Iberdrola Group and Microsoft strengthen their partnership with two PPAs in Spain for 150 MW and the use of new AI solutions The Iberdrola Group, of which Iberdrola España is a part, and Microsoft announced December 16 a new partnership to deepen their work together on energy projects and artificial intelligence. |
06 Jan 26![]() |
Borr Drilling announces new contract commitments for two of its premium jack-up rigs Borr Drilling has announced new contract commitments for two of its premium jack-up rigs. In the Americas, the Ran has received a one-well extension with ENI in Mexico. Additionally, the Odin has secured a contract for two wells plus an optional well with an undisclosed operator in the United States of America. |
06 Jan 26![]() |
Greece: European Energy divests wind park in Greece to Sampension European Energy has agreed to divest 50 per cent of its Tsoukes Sarres wind park in Greece to Sampension, one of Denmark’s largest pension funds. |
06 Jan 26![]() |
Germany: Nordex Group receives orders from UKA totaling 224 MW for projects in Germany Nordex Group has received orders from wind and solar park developer UKA (Umweltgerechte Kraftanlagen GmbH & Co. KG) for a total of 33 turbines in Germany. |
06 Jan 26![]() |
Oman: Government of Oman signs Feasibility Study Agreement with Westlawn Middle East and Salamander Solutions Middle East The Ministry of Energy and Minerals (MEM) of the Sultanate of Oman has signed a Feasibility Study Agreement with Westlawn Middle East LLC (WLME) and Salamander Solutions Middle East LLC (SSME) to evaluate the potential for heavy crude oil production in Block 71 using Salamander's advanced electric heating technology. |
05 Jan 26![]() |
Mozambique: TechnipFMC awarded EPCI contract by Eni for the Coral North FLNG Development TechnipFMC has been awarded a substantial Engineering, Procurement, Construction, and Installation contract by Eni for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approx. 2,000 meters. |
05 Jan 26![]() |
US: Subsea7 awarded contract offshore US Subsea7 has announced the award of a sizeable contract by LLOG Exploration Offshore L.L.C., for the Buckskin South Expansion project. The Buckskin field is located approx. 305 kms off the coast of Texas, in the US. |
05 Jan 26![]() |
US: TechnipFMC awarded iEPCI Contract for bp’s 20K Tiber Project in the Paleogene TechnipFMC has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by bp for its greenfield Tiber development in the Gulf of America. |
05 Jan 26![]() |
Eni Industrial Evolution, new company for industrial transformation Eni has announced that, as of January 1, 2026, the business branch of the Refining Evolution & Transformation unit has been transferred to the new company Eni Industrial Evolution S.p.A., which will aim to ensure the management of traditional assets (refineries and depots) in Europe and the Middle East. |
05 Jan 26![]() |
Mauritania: TGS announces Mauritania MegaSurvey: Largest regional 3D dataset in Africa GS has launched the Mauritania MegaSurvey, a large-scale multi-client 3D seismic project designed to support exploration across offshore Mauritania and the wider West African Atlantic Margin. |
05 Jan 26![]() |
US: Brightmark RNG holdings achieves landmark first gas milestone at 10 midwest RNG projects Brightmark RNG Holdings has delivered first gas at 10 renewable natural gas (RNG) projects across the Midwest. Brightmark RNG Holdings LLC is a joint venture between Chevron U.S.A. Inc., a subsidiary of Chevron Corp, and Brightmark Fund Holdings, a subsidiary of Brightmark LLC. |
05 Jan 26![]() |
Transocean announces contract award and extension totaling $168 million Transocean has announced a contract award and an extension, respectively, for two of its drilling rigs. Together, the fixtures represent approx. $168 million of firm backlog. |
05 Jan 26![]() |
Canada: Nordex Group receives orders totalling 508 MW in Canada, including a first order for the N175/6.X turbines At the end of 2025, the Nordex Group secured repeat orders in Canada for the supply and installation of a total of 73 turbines. The two orders comprise N163 turbines and for the first time N175/6.X turbines marking the market entry of the N175 in Canada. |
05 Jan 26![]() |
Indonesia/Malaysia: TGS launches Natuna 2D-cubed and Sarawak 2D-cubed, delivering basin-scale seismic coverage across Southeast Asia TGS, a global leader in energy data and intelligence, announces the launch of two major multi-client seismic projects: Natuna 2D-cubed and Sarawak 2D-cubed. Together, they provide a basin-scale dataset that spans more than 327,000 km² across the Greater Natuna and Sarawak basins, supporting renewed exploration interest across Indonesia and Malaysia. |
05 Jan 26![]() |
Australia: TGS and Ocean Winds launch first proprietary offshore wind and metocean campaign in Australia TGS, a global provider of energy data and intelligence, has deployed its first proprietary offshore wind and metocean measurement project in Australia, commissioned by High Sea Wind (an Ocean Winds project). The one-year deployment will be located in the Gippsland region of Victoria, one of the country’s leading offshore wind development zones. |
05 Jan 26![]() |
Norway: TGS completes new GeoStreamer 3D Seismic Surveys to support exploration in the Vøring Basin TGS, a global leader in energy data and intelligence, announces the completion of the PGS24M02NWS and PGS24M04NWS 3D seismic surveys in the Vøring Basin on the mid-Norwegian continental margin. |
05 Jan 26![]() |
Canada: IPC Corporate Update: Blackrod Phase 1 commencement of steam injection International Petroleum Corporation has provided an update on the Blackrod Phase 1 development in Canada. Following substantial progress on the project achieved during 2025, IPC commenced first steam injection at the Blackrod Phase 1 project on December 20, 2025. |
05 Jan 26![]() |
Brazil: Viridien completes reimaging of BM-S-2 multi-client survey in Brazil’s southern Santos Basin Viridien has successfully completed the BM-S-2 seismic reimaging project in the southern Santos Basin, delivering a modern, high-fidelity 3D dataset across 8,468 sq km to support growing exploration activity in one of the most strategic, emerging offshore regions of Brazil. |
05 Jan 26![]() |
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023 have reaffirmed their decision on 2 November 2025 to pause production increments in February and March 2026 due to seasonality. |



































