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

22 May 26	Oil above US$100/bbl revives windfall tax debate across four continents Oil prices above US$100 per barrel have triggered windfall tax proposals in Brazil, the EU, the US, and Australia. A new Wood Mackenzie report warns that fiscal policy design has a long-term impact on Upstream investment and production.
22 May 26	Sound Energy announces final results for the year ended 31 December 2025 Sound Energy, the transition energy company, has announced its audited final results for the year ended 31 December 2025.
22 May 26	Zenith Energy announces sale of ZEN-260 drilling rig for US$4.3 million Zenith Energy, the listed international energy production and development company, has provided an update regarding the sale of its fully owned ZEN-260 onshore drilling rig.
22 May 26	UK: Well-Safe Solutions launches Well Operatorship capability with new contract Well-Safe Solutions has been awarded a new contract to provide full Well Operatorship and asset execution for an un-named client in the UK North Sea. The contract marks a pivotal moment for Well-Safe Solutions in expanding the company’s service offerings – taking advantage of Tier 1 capabilities to provide fully integrated well lifecycle services.
22 May 26	Nigeria: Weatherford awarded deepwater integrated completions contract with ExxonMobil in Nigeria Weatherford International has been awarded a deepwater integrated completions contract by Esso Exploration & Production Nigeria Ltd. ('EEPNL'), an ExxonMobil affiliate, for offshore Nigeria.
21 May 26	EnerMech and Optilift enter global crane operations collaboration EnerMech has signed a global multi-year collaboration agreement with Optilift, a Norway-based technology company, to deliver safer, more efficient and less weather dependent crane and lifting operations across the energy sector.
21 May 26	Indonesia: Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni’s global LNG portfolio and reinforce Indonesia’s role as a strategic supplier to regional and international markets.
21 May 26	QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure.
21 May 26	Australia: APA selects Worley to strengthen Australia’s gas transmission network APA Group has selected Worley as its engineering partner to support emerging gas transmission and storage projects across its gas transmission network nationally.
21 May 26	Executive Vice-President of the European Commission Teresa Ribera visits Nordex Group’s premises in Hamburg On May 20, Teresa Ribera, Executive Vice-President of the European Commission for a Clean, Just and Competitive Transition, visited the Nordex Group’s main office and Global Technical Academy in Hamburg.
21 May 26	Argentina: Archer secures contract extensions adding $130 million in contract backlog Archer has announced the extension of an existing drilling contract in Vaca Muerta, Argentina. The contract has a total estimated value of $130 million, including a firm period extending through October 2028, with an additional two-year optional period through October 2030.
21 May 26	Panoro Energy announces Q1 2026 Trading Statement and Operations Update Panoro Energy has announced performance in line with previously communicated expectations for the three months ended 31 March 2026. The first quarter was defined by announcement of the transformational acquisition of an additional 40.375 per cent interest in Block G offshore Equatorial Guinea in February, just prior to the increase in global oil prices.
21 May 26	Borr Drilling announces Q1 2026 results First Quarter total operating revenues of $247.0 million, a decrease of $12.4 million or 5% compared to the fourth quarter of 2025. First Quarter net loss of $29.0 million compared to net loss of $1.0 million in the fourth quarter of 2025. First Quarter Adjusted EBITDA of $88.5 million, a decrease of $16.7 million or 16% compared to the fourth quarter of 2025.
20 May 26	UK energy industry leaders respond to worsening energy crisis Offshore Energies UK (OEUK) the North Sea energy trade body, held emergency talks with industry leaders to call for a new co-ordinated response to the escalating global energy crisis caused by the war in Iran. The meeting comes as the UK government moves to relax sanctions on Russia imposed since the invasion of Ukraine, allowing the import of jet fuel and diesel from third countries.
20 May 26	Prosafe SE announces operational update April 2026 Prosafe has announced an operational update April 2026. Fleet utilisation for April 2026 was 55%.
20 May 26	Egypt: Capricorn announces ministerial signing of merged concession agreement Capricorn Energy has announced that the Minister of Petroleum and Mineral Resources has signed the consolidated and amended concession agreement covering eight of the Company's existing Egyptian Western Desert concession agreements in which it has a 50% participating interest held jointly with Cheiron Oil and Gas (the Operator).
20 May 26	UK: Ithaca Energy announces first quarter update and results for the three months to 31 March 2026 Ithaca Energy has announced its unaudited financial results for the three months ended 31 March 2026.
20 May 26	BW Energy announces Q1 2026 and strategy update BW Energy delivered solid operational performance in the first quarter of 2026, advancing all major development projects on plan and cost. The start to the year has been marked by significant strategic progress, with final investment decision made on the Bourdon development and the Golfinho infill wells project.
19 May 26	McDermott announces first quarter 2026 results McDermott International has announced financial results for the first quarter 2026. For the three months ended March 31, 2026, revenue was $2.4 billion; adjusted EBITDA was $117 million; and cash flow used in operating activities was $126 million. Backlog at quarter end was $17.6 billion. Trailing twelve months adjusted EBITDA was $489 million.
19 May 26	New Zealand's gas reserves decline to lowest level on record Annual petroleum reserves data released today by the Ministry of Business, Innovation and Employment (MBIE) shows as of 1 January 2026 New Zealand’s natural gas proven plus probable (2P) reserves declined 23% from last year to 731 petajoules (PJ), the lowest level since recording began 20 years ago.