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10 Dec 25
ExxonMobil raises its 2030 Plan – transformation delivering higher earnings, stronger cash flow, and greater returns
ExxonMobil has updated its Corporate Plan through 2030. The Plan’s increased earnings and cash flow outlook reflects stronger contributions from advantaged assets, a more profitable business mix, and lower operating costs; all driven by the company’s unique set of durable competitive advantages and its successful multi-year transformation.
09 Dec 25
Spain: Plenitude drives its expansion in Spain with the start of operations at the Caparacena 150 MW solar plant
Plenitude has inaugurated the Caparacena solar project in Chimeneas (Granada). The project, one of the most significant in the company’s portfolio in Spain, covers 264 hectares and comprises three photovoltaic parks of 50 MW each.
09 Dec 25
Indonesia: Eni announces a significant gas discovery in the Kutei Basin in Indonesia
Eni has announced a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau PSC, in the Kutei Basin, about 50 km off the coast of East Kalimantan in Indonesia. Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion cubic feet (TCF).
09 Dec 25
Namibia: TotalEnergies concludes agreement with Galp to enter as operator in the prolific PEL 83 license, including the Mopane discovery
Under this agreement, TotalEnergies will acquire a 40% operated interest in PEL83 license holding the Mopane discovery, while Galp will acquire a 10% participating interest in PEL56 license holding the Venus discovery. The transaction positions TotalEnergies as the operator of the two largest oil discoveries in Namibia
09 Dec 25
Solstad Maritime announces multiple contract awards in Brazil and the North Sea
Solstad Maritime has announced multiple new contracts for several construction support vessels: Normand Navigator, Normand Cutter, and Normand Jarstein.
09 Dec 25
Nordex Group receives orders for 102 MW in France and Belgium
The Nordex Group has won new contracts in France and Belgium, covering the delivery and installation of 28 wind turbines for seven wind farms.
09 Dec 25
UK: NSTA launches UK’s second carbon storage licensing round
The North Sea Transition Authority (NSTA) has opened a carbon storage licensing round offering 14 locations in Scottish and English waters for exploration and appraisal, and with potential to provide future capacity to support industrial decarbonisation for the UK and Europe.
09 Dec 25
Oman: Kistos acquires interests in Block 9 and Blocks 3 & 4, onshore Oman
Kistos, an independent energy company focused on generating value across the upstream and midstream markets, has entered into a binding agreement to acquire a 5% working interest in Block 9 and a 20% working interest in Blocks 3 & 4 from Mitsui E&P Middle East B.V., both located onshore in the Sultanate of Oman.
09 Dec 25
Gabon: VAALCO Energy spuds first well in Phase Three Drilling Program offshore Gabon
VAALCO Energy has commenced its Phase Three Drilling Program offshore Gabon with the spudding of the ET-15 infill well on the Etame platform.
09 Dec 25
UK: Guidance on the application for a Carbon Dioxide Appraisal and Storage Licence (December 2025)
On 8 December 2025, the North Sea Transition Authority published updated Guidance on the Application for a Carbon Dioxide Appraisal and Storage Licence.
09 Dec 25
UK: TechnipFMC awarded significant flexible pipe contract by Ithaca Energy
TechnipFMC has been awarded a significant contract by Ithaca Energy for flexible risers on the Captain development in the U.K. North Sea
09 Dec 25
US: Antero Resources announces strategic transactions with Marcellus acquisition and Utica divestiture
Antero Resources has entered into a definitive agreement to acquire the upstream assets of HG Energy II for total consideration of $2.8 billion in cash. In addition, Antero announced it has entered into a definitive agreement to sell its Ohio Utica Shale upstream assets.
09 Dec 25
Brazil: Equinor’s first hybrid power complex starts operations
Equinor takes a new step in the power business with the launch of its first hybrid power complex that combines solar and wind resources. Equinor and its Brazilian subsidiary Rio Energy have started commercial power production at the Serra da Babilônia Solar facility in Brazil.
08 Dec 25
Noble Corporation announces planned divestment of six jackups
Noble Corporation has announced that the Company has signed definitive agreements to sell six jackups, which includes the sale of five rigs to Borr Drilling for $360 million and a separate transaction for the sale of one rig to Ocean Oilfield Drilling for $64 million in cash.
08 Dec 25
UK: The North Sea Strategy is a roadmap to ruin - INEOS Group
The UK’s North Sea oil and gas industry has powered the nation for over 50 years. Yet the Government’s decision in the November Budget to maintain the Energy Profits Levy (EPL) at 38% - giving a headline tax rate of 78% - threatened that resource in minutes.
08 Dec 25
UK: OEUK responds to First Minister energy paper
Offshore Energies UK (OEUK) has responded to the publication of the SNP’s energy paper published by First Minister John Swinney, which sets out the party’s ambitions for Scotland’s energy future. The paper highlights the scale of Scotland’s energy and economic opportunity and the role of affordable energy in supporting households, businesses, and growth.
08 Dec 25
US: TotalEnergies announces the commencement of trading of its ordinary shares on the NYSE
TotalEnergies has announced the commencement of trading of its ordinary shares on the New York Stock Exchange ('NYSE'), replacing the listing of its American Depositary Receipts ('ADRs').
08 Dec 25
Poland: Subsea7 awarded contract offshore for BC-Wind project in Poland
Subsea 7 has announced the award to Seaway7, part of the Subsea7 Group, of a sizeable contract by Ocean Winds for the BC-Wind project. The BC-Wind offshore site is located in the Baltic Sea, approx. 23 kms off the Polish coast, and will comprise 26 wind turbine generators.
08 Dec 25
A renewables-based energy system will save Europe €1.6 trillion
WindEurope’s latest study done in cooperation with Hitachi Energy shows that even when accounting for the grids, storage and back-up, a system running on high shares of renewables is the cheapest by far.
08 Dec 25
A Pebble in Time
Merlin Energy Resources associate, Dr Jonathan Bujak, is donating his sixth edition copy (published in 1842) of Gideon Mantell’s 'Thoughts on a Pebble' to the Geological Society. This precious book will be entrusted to the Geological Society for safe preservation so that it can be appreciated by many generations of geologists and geoscientists to come.
08 Dec 25
Germany: Fewer turbines, five times the output: RWE commissions modernised Lasbek wind farm
Following extensive modernisation and a construction period of just one year, RWE has commissioned its new Lasbek wind farm. In the municipality of Lasbek in the Stormarn district of Schleswig-Holstein, the company replaced six existing turbines with a total capacity of 10.8 megawatts (MW) with four new, more powerful turbines, with a total capacity of 22.8 MW.
08 Dec 25
Italy: European Energy gets CfD’s on five solar projects in Italy totalling 513 MW
GSE, the Italian energy agency, has awarded European Energy CfD tariffs for five solar projects totalling 513 MW across Sicily, Apulia and Molise.
08 Dec 25
Australia: Beach Energy announces first sales gas from the Waitsia Gas Plant
Beach Energy has advised that delivery of sales gas from the Waitsia Gas Plant into the pipeline network has commenced, marking the critical First Gas Export milestone for the project.
08 Dec 25
Angola/Brazil: Corcel raises £3 million to support strategic activity on multiple fronts
AIM-listed Corcel, the Angola-Brazil-focused energy company, has raised £3 million by way of an equity placing at £0.0035 per share.
08 Dec 25
Brazil: Petrobras announces the results of the Auction of Uncontracted Areas
Petrobras won the rights and obligations of the Union in Mero and Atapu in the Auction of Uncontracted Areas held December 4 by Pré-Sal Petróleo SA - PPSA .
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