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10 Feb 25
Namibia: Custos Energy announces the completion of the previously announced farm-in by Chevron into PEL 82
Custos Energy has announced the completion of the previously announced farm-in by Chevron into PEL 82. The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia ('NAMCOR') retaining 10% interests.
10 Feb 25
UK: ‘Substantial green prize’ lies ahead for UK as it decarbonizes economy, says DNV
he UK’s energy transition will deliver a cleaner, more efficient, and less expensive energy system, according to DNV’s 2025 UK Energy Transition Outlook (ETO) report.
10 Feb 25
Germany: RWE's Amrumbank West offshore wind farm will help balance the German grid
RWE plans to offer a system-stabilising secondary reserve, also known as automatic frequency restoration reserve, for the German power grid via its offshore wind farm, Amrumbank West. The transmission system operator TenneT recently granted the necessary pre-qualification for a capacity of 60 megawatts (MW).
10 Feb 25
Australia: Copenhagen Infrastructure Partners commences construction on a 960 MWh battery energy storage project in Australia
Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has issued notice to proceed to start construction of the 240 MW / 960 MWh Summerfield battery in Australia. The battery will support the South Australian Government’s target of 100% net renewable energy by 2027.
10 Feb 25
Australia: Potentia Energy announces strategic acquisition of a portfolio of high-quality renewable assets across Australia
Potentia Energy, co-owned by Enel Green Power and INPEX, has entered an agreement with CVC DIF and Cbus Super to acquire controlling stakes in a significant portfolio of over 1 gigawatt (GW) renewable assets across Australia.
10 Feb 25
China: CNOOC Ltd brings on-stream Bozhong 26-6 Oilfield Development Project (Phase I)
CNOOC Limited has announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. Bozhong 26-6 Oilfield is the world’s largest metamorphic buried hill oilfield with cumulative proven oil and gas in-place of over 200 million cubic meters.
10 Feb 25
Baltic states begin historic switch away from Russian power grid
More than three decades after leaving the Soviet Union, Estonia, Latvia, and Lithuania have begun to unplug from Russia's electricity grid and join the EU's network.
10 Feb 25
Norway: CO2 storage on the Norwegian Shelf could become a new industry
Last year, more licences were granted for storing CO2 on the Norwegian continental shelf than ever before. Four exploration licences were granted in 2024, and offers were extended for two exploration licences, making last year the most prolific to date when it.
10 Feb 25
UK: Government rips up rules to fire-up nuclear power
More nuclear power plants will be approved across England and Wales as the Prime Minister slashes red tape to get Britain building - as part of his Plan for Change. Reforms to planning rules will clear a path for smaller, and easier to build nuclear reactors – known as Small Modular Reactors – to be built for the first time ever in the UK.
10 Feb 25
UK: Development Programme and Budget submitted to P2607 JV for New Gas Offtake Route via CalEnergy owned Saturn Banks pipeline
Hartshead Resources has submitted a development Programme and Budget to the P2607 Joint Venture (JV) for approval for the development of the Anning and Somerville gas fields utilising the Saturn Banks pipeline system, for transportation to the Perenco owned and operated Bacton Terminal.
07 Feb 25
Norway: Aker BP drills dry well in the Njargasas prospect in the North Sea.
Aker BP and its partners have drilled a dry well in the 'Njargasas' prospect in the North Sea. Wildcat well 35/6-5 S is located in production licence 1110, which was part of the awards in predefined areas (APA) 2020, announced in February 2021 and was the first well in the licence.
07 Feb 25
ConocoPhillips reports fourth-quarter and full-year 2024 results; announces 2025 guidance
ConocoPhillips has reported fourth-quarter 2024 earnings of $2.3 billion compared with fourth-quarter 2023 earnings of $3.0 billion. Full-year 2024 earnings were $9.2 billion compared with full-year 2023 earnings of $11.0 billion.
07 Feb 25
Carbon capture: High degree of uncertainty whether risky investment by Govt will pay off
Government’s backing of unproven, first-of-a-kind technology to reach net zero is high-risk. In a report published today, the Public Accounts Committee (PAC) calls on Government to assess whether its full carbon capture, usage and storage (CCUS) programme will be affordable for taxpayers and consumers, given wider pressures on energy bills and the cost of living.
07 Feb 25
Poland: Cadeler further strengthens its position in the Polish offshore wind market with the signing of a new Vessel Reservation Agreement
Cadeler has announced the signing of a Vessel Reservation Agreement ('VRA') with Ocean Winds for the installation of the wind turbine generators (WTGs) at BC-Wind offshore wind farm in the Polish Baltic Sea.
07 Feb 25
Australia: Tamboran Resources completes Shenandoah SS-2H ST1 stimulation
Tamboran Resources successfully completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section in the Mid Velkerri B Shale within the Shenandoah South 2H sidetrack (SS-2H ST1) well.
07 Feb 25
Oman invites investors to participate in licensing round 2025
Oman’s Ministry of Energy and Minerals (MEM) has launched a new competitive bid round for three oil and gas exploration blocks - Block 36, Block 43A and Block 66.
06 Feb 25
UAE: ADNOC Gas delivers record $5 billion net income for 2024, propelling sustainable growth ambitions
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO, significantly ahead of the Bloomberg consensus for both periods.
06 Feb 25
Repsol boosts its digital strategy through collaboration with Accenture to adopt AI agents
Repsol continues to advance its Digital Program by incorporating AI agent systems, designed and deployed with the help of Accenture and built on the NVIDIA AI platform. This will enable the firm to accelerate and reinvent key business processes end-to-end in all areas of the company.
06 Feb 25
Kongsberg Maritime unveils innovative solutions to industrialise floating offshore wind turbine installation
Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialise the transportation and installation (T&I), of floating offshore wind turbines.
06 Feb 25
Germany: BP Europa SE to seek potential buyers for Ruhr Oel GmbH – BP Gelsenkirchen
BP Europa SE has announced its intention to market its Ruhr Oel GmbH – BP Gelsenkirchen operation in Germany for potential sale. Its assets include the bp refinery in Gelsenkirchen and DHC Solvent Chemie GmbH in Mülheim an der Ruhr.
06 Feb 25
Westwood Insight - Key wells to watch in 2025
High impact exploration in 2025 is expected to remain stable, with QatarEnergy being the most active explorer and all eyes remaining on the Orange Basin
06 Feb 25
Norway: Aker BP takes over as operator for the Oda field
On February 1st, Aker BP took over the operatorship of the Oda field from Sval Energi. Oda is located 14 kms east of Ula. Production from Oda started in 2019.
06 Feb 25
Namibia: Impact Oil & Gas provides Namibia operational update
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company, has provided an operational update, following the successful completion of drilling and DST operations at the Tamboti-1X exploration well and spudding of the Marula-1X exploration in Block 2913B (PEL 56), offshore Namibia.
06 Feb 25
Malaysia: Seascape Energy announces corporate update and outlook for 2025
Seascape Energy, an E&P company focused on Southeast Asia, has provided a corporate update and outlook for 2025. Completion of the previously announced farm-out of a 42.5% participating interest in the Block 2A Production Sharing Contract to INPEX CORPORATION remains on-track for completion during Q1 2025.
06 Feb 25
DNO results reflect robust Kurdistan production and North Sea expansion
DNO, the Norwegian oil and gas operator, has reported 2024 revenues of USD 667 million on the back of stellar production in the Kurdistan region of Iraq in a year marked by continuing North Sea expansion.
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