energy-pedia news

Search energy-pedia news by selecting date, type, and region from the drop-down boxes

The full News Archive is available to Corporate Subscribers only. Non-Subscribers can access up to four years of archived news. For details of how to subscribe click here.

Reset

26 May 26	Petrofac completes sale of Petrofac Emirates to a consortium of financial investors Petrofac has announced the successful completion of the sale of Petrofac Emirates to a consortium of financial investors led by Mason Capital Management LLC and Pearlstone Alternative (UK) LLP. Petrofac Emirates encompasses Petrofac's core Engineering & Construction (E&C) capability in the UAE.
26 May 26	Brazil: Baker Hughes extends and expands integrated well construction contract with Petrobras Baker Hughes has announced a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin. Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields.
26 May 26	Namibia/South Africa: Impact Oil & Gas announces strategic reorganisation to unlock value and drive targeted investment Impact Oil & Gas, a privately owned, Africa-focused exploration company, has entered into a share purchase agreement ('SPA') with IOG Energies, a newly incorporated and wholly owned subsidiary of Deepkloof, Impact’s majority shareholder, to effect a corporate reorganisation supported by both Deepkloof and Impact’s second largest shareholder, Meren Energy.
26 May 26	Namibia/South Africa: Meren Energy announces corporate restructuring of Impact Oil & Gas Meren Energy notes and supports the corporate restructuring announced by its investee company, Impact Oil & Gas, to create a pure-play Namibia-focused development and exploration business. The Transaction has been approved by Impact and is intended to align the interests of its shareholder base around a streamlined and more focused portfolio.
26 May 26	bp Chair removed The Board of bp has announced today that it has unanimously decided that Albert Manifold should no longer serve as Chair and Director with immediate effect. This follows serious concerns raised to the Board related to important governance standards, oversight and conduct.
26 May 26	UK: Study reveals how offshore structures can help - or hinder - marine ecosystems A new international review has shed light on how offshore energy structures - from oil and gas platforms to wind turbines - shape marine ecosystems and the benefits they provide to society.
26 May 26	Australia: Reach Subsea signs MoA with Beacon Offshore in Australia Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore, establishing a strategic partnership to jointly pursue subsea projects in Australian waters.
26 May 26	UK: Nine in 10 energy firms say North Sea still has long-term future – if UK Gov backs industry Aberdeen & Grampian Chamber of Commerce has warned that the UK is in danger of accelerating the decline of the North Sea unnecessarily, despite overwhelming industry belief that the basin still has a long-term future under the right conditions.
26 May 26	Australia: Georgina Energy commences pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513 Georgina Energy has commenced pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513. The contracted Ensign 970 drill rig is anticipated to penetrate the main subsalt reservoir targets which have been independently assessed as having potential SPE PRMS (recoverable) Resources at 2U level of 283 BCF helium, 315 BCF Hydrogen and 2,925 BCF hydrocarbon gas.
26 May 26	Colombia: Arrow Exploration announces exploration well IC-1 results - IC-1 on production Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has provided an update on operational activity on the Icaco field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest.
26 May 26	Kazakhstan: Helix Exploration announces Inez-1 well re-entry Helix Exploration, the helium exploration and development company advancing the Rudyard Helium Project in northern Montana, has announced that re-entry operations at the Inez-1 well have commenced.
26 May 26	Morocco: Sound Energy reports conditional sale of Sound Energy Meridja and relinquishment of Arran Energy's exploration interests Sound Energy has entered into a binding Sale and Purchase Agreement for the divestment of the Company's interests in the Tendrara Exploitation Concession (20%), onshore Morocco, by way of the disposal of the entire share capital of Sound Energy Merijda Limited to Managem SA. In addition, the Company announces the relinquishment of its 27.5% interest in the Anoual Exploration Permit and the waiving of any subsisting rights in the Grand Tendrara Exploration Permit.
26 May 26	Union Jack Oil announces Final Results for the Year Ended 31 December 2025 AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced its audited results for the year ended 31 December 2025.
26 May 26	Turkey: The Nordex Group gains new 110MW order from Eksim Enerji in Türkiye The Nordex Group has secured a new order in Türkiye from Eksim Enerji A.S., comprising the supply and installation of 16 N175/6.X wind turbines with a total installed capacity of 110MW. The turbines for the Balikesir-3 wind farm will be installed on tubular steel towers with a hub height of 119 meters and delivered in the Cold Climate Version.
26 May 26	Vietnam: Invitation to bid: Open Bidding Round for Block 17, Offshore Vietnam PETROVIETNAM invites interested partners to participate in the Open Bidding Round for Block 17, Offshore Vietnam. This presents an opportunity for investors to access and evaluate investment in one of the petroleum potential blocks located in the Cuu Long Basin, Offshore Vietnam.
26 May 26	UK: The Port of Southampton strengthens its role in UK renewable energy supply chains The Port of Southampton is strengthening its position as a vital link in the UK’s renewable energy supply chains as it grows its partnership with Vestas, a global leader in sustainable wind energy technology.
26 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.
26 May 26	Australia: RWE’s Theodore Wind Farm awarded Capacity Investment Scheme contract The Australian government has announced the results of the Capacity Investment Scheme (CIS) Tender 7 for renewables. RWE secured a CIS contract for its 1.1-gigawatt (GW) Theodore onshore wind project, located in Central Queensland. The CIS underwrites the project with a set revenue floor and ceiling. The total investment volume to realise Theodore onshore wind farm amounts to AU$3 billion.
26 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.
26 May 26	Uzbekistan: Condor achieves new production record exceeding 15,000 BOE/D with K-47 tie in Condor Energies, a Canadian based, internationally focused energy transition company with active Central Asian operations has provided an operational update on its Uzbekistan project. Condor has achieved another corporate milestone by reaching 15,283 boe/d average daily production over the past 72 hours due to the recently drilled Kumli-47 horizontal well ('K-47') starting production.
26 May 26	Cote d'Ivoire: Eni and partners approve investment for Baleine Phase 3 in Côte d’Ivoire Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project, marking a significant milestone in the development of the largest hydrocarbon discovery ever made in the country. The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200 million cubic feet per day.
26 May 26	US: BLM seeks input for September 2026 sale of oil and gas leases in Utah The Bureau of Land Management has opened a 30-day public comment period to receive public input on plans to include 35 oil and gas parcels totaling 34,596 acres in Utah in a September 2026 sale. The comment period ends June 22, 2026.
26 May 26	US: BLM seeks initial input for November 2026 sale of oil and gas leases in Kansas, New Mexico, Oklahoma, and Texas The Bureau of Land Management has opened a 30-day public scoping period to receive public input on 53 oil and gas parcels totaling 13,453 acres that may be included in a November 2026 lease sale in Kansas, New Mexico, Oklahoma and Texas. The scoping period ends June 22, 2026.
26 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.
26 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.