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28 Nov 25
Shearwater announces third quarter 2025 results
Shearwater Geoservices has published its third quarter 2025 results. Revenue was USD 146.5 million compared to USD 178.7 million in the third quarter of 2024. EBITDA was USD 5.2 million, a decrease from the year-ago period (USD 50.6 million) due to lower activity, changed project mix and recognition of expected multi-client revenue delayed to the fourth quarter.
28 Nov 25
Westwood Insight – UKCS pipeline interconnectivity demonstrates the importance of a managed transition
Westwood’s latest report for Offshore Energies UK (OEUK) examines offshore infrastructure trends and the challenges of early closure of infrastructure on the UK Continental Shelf (UKCS).
28 Nov 25
Dolphin Drilling announces financial results for Q3 2025
Dolphin Drilling has announced its preliminary financial results for the three months ended 30 September 2025.
28 Nov 25
Invictus Energy provides update on AMOG JV and AMH Strategic Partnership
Invictus and AMH continue to finalise the partnership and governance framework through their joint venture company Al Mansour Oil & Gas ('AMOG').
27 Nov 25
UK: Global Underwater Hub reacts to Autumn Budget and North Sea Future Plan
Neil Gordon, chief executive of Global Underwater Hub, has reacted to the outcomes of the Labour Government’s Autumn Budget and the North Sea Future Plan. Following months of calls from industry, there will be disappointment that the Energy Profits Levy has been maintained.
27 Nov 25
Parkmead Group announces preliminary results for the year ended 30 June 2025
Parkmead, the independent energy group focused on growth through gas and renewable energy projects, has reported its preliminary results for the year ended 30 June 2025.
27 Nov 25
Brunei: ADES secures new contract for 'Compact Driller' standard jackup in Brunei
ADES Holding Company, a world-leading oil and gas drilling services provider, has secured through its wholly owned subsidiary Shelf Drilling a new contract for the Compact Driller standard jackup with Brunei Shell Petroleum. The contract has a term of two years. The jackup will be deployed to perform plug and abandonment ('P&A') operations offshore Brunei.
27 Nov 25
ADES completes acquisition of Shelf Drilling, cementing its position as the global leader in offshore drilling
ADES Holding Company, a world-leading oil and gas drilling services provider, has announced the successful completion of its acquisition of Shelf Drilling through a cash merger. The acquisition marks a pivotal step in ADES’ transformation, firmly establishing ADES as the global leader in offshore drilling.
27 Nov 25
Ireland: Gas Networks Ireland selects the Shannon Estuary as location for the Strategic Gas Emergency Reserve
Gas Networks Ireland has selected Cahiracon, Co. Clare along the Shannon Estuary as the location for Ireland’s new Strategic Gas Emergency Reserve (SGER) The Strategic Gas Emergency Reserve is a State-led project that will provide a temporary natural gas facility that can be used in the event of a disruption to Ireland’s gas supplies.
27 Nov 25
UK: Lights out for North Sea oil and gas as Chancellor keeps windfall
Chancellor Rachel Reeves has confirmed the Energy Profits Levy will remain until 2030, rejecting industry calls for urgent reform and triggering fresh warnings over jobs, investment and UK energy security. The EPL - first introduced in 2022 - keeps North Sea operators at a 78% headline tax rate. From 2030, it will be replaced by a new Oil and Gas Price Mechanism.
27 Nov 25
UK: Government sets out plan to manage existing North Sea oil and gas fields, protect jobs and grow clean energy industries
As part of the Budget, the UK government stated that the North Sea – its communities, workers, businesses and supply chains – will be at the heart of Britain’s clean energy and industrial future as the UK government has published a landmark plan to protect existing jobs and deliver the next generation of good, new jobs.
27 Nov 25
UK: Government North Sea plans: ‘Tinkering around the edges that will not deliver’
In response to the government’s North Sea Future Plans consultation response, Unite, the UK’s leading union, has described it as tinkering around the edges by a government still lacking a coherent plan for the long-term transition of work for oil and gas workers.
27 Nov 25
UK: Serica Energy announces trading and operations update
AIM-listed Serica Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2025.
27 Nov 25
US/Namibia: 88 Energy Corporate Presentation available online
88 Energy has announced that the Company's November 2025 Corporate Presentation is available on the 88 Energy website, with updates on: North Slope, Alaska: Project Phoenix, Project Leonis and Expansion Leases, and Owambo Basin, Namibia: PEL 93.
27 Nov 25
UAE: ADNOC Gas and EMSTEEL sign $4 billion, 20-year natural gas supply agreement to power UAE’s industrial growth
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, has announced the signing of a landmark agreement, valued between $3.5 and $4.2 billion with EMSTEEL, one of the region’s largest integrated steel and building materials manufacturers.
26 Nov 25
Solstad Offshore awarded new contract by PETROBRAS for the AHTS Normand Topazio
Solstad Offshore has been awarded a new contract by PETROBRAS for the anchor handling tug supply vessel (AHTS) Normand Topazio.
26 Nov 25
UK: Government Budget delivers bitter blow to UK’s energy workers and industry
Offshore Energies UK (OEUK) has condemned the government’s decision in today’s Budget (26/11) to reject replacement of the Energy Profits Levy (EPL) in 2026 – a move that will cost tens of thousands of jobs, cripple investment, and undermine Scotland and the UK’s energy security.
26 Nov 25
GeoPark announces 2P reserve replacement of 430%
GeoPark , a leading independent energy company with over 20 years of successful operations across Latin America, has announced its independent oil and gas reserves assessment, certified by DeGolyer and MacNaughton Corp. as of December 31, 2025.
26 Nov 25
Energean announces Trading Statement and Operational Update
Energean has provided an update on recent operations and the Group's trading performance in the nine-months to 30 September 2025. Despite the challenging geopolitical and macro environment, business remained resilient, generating $828 million in adjusted EBITDAX for the 9M period and maintaining year-on-year Cost of Production (excluding royalties) at $6/boe.
26 Nov 25
Energy Holdings Q3 2025: Strong operational execution and strategic delivery
SED Energy Holdings ('Energy Holdings') delivered solid third-quarter results, supported by high technical utilization and strong operational execution. Revenue and EBITDA increased year-over-year, reflecting more active rigs at higher day rates, while two rigs completed yard work ahead of new long-term contracts that commenced in the fourth quarter.
26 Nov 25
UK: Growing risk of UK offshore energy supply chain relocating overseas due to project delays, survey finds
Frequent delays to offshore energy and infrastructure projects are threatening the viability of the UK supply chain, according to a new study from the leading trade and industry development body for the nation's underwater sectors.
25 Nov 25
Egypt: The President of Egypt Abdel Fattah El-Sisi meets Eni CEO Claudio Descalzi
The President of the Arab Republic of Egypt, Abdel Fattah el-Sisi met with Eni Chief Executive Officer Claudio Descalzi to discuss Eni's strong partnership with Egypt and the upcoming new initiatives. During the meeting, Eni CEO Descalzi reviewed the company’s recent investments in the Country’s Upstream sector, which helped to confirm Eni’s role as Egypt’s top oil and gas producer.
25 Nov 25
France: TotalEnergies demobilizes its floating LNG terminal in Le Havre
In 2022, when Europe faced a major energy crisis due to a sharp decline in gas imports from Russia, TotalEnergies provided France, at its own expense and without any public subsidies, with a LNG floating storage and regasification unit (FSRU) in the port of Le Havre. Now that gas supply conditions in France and Europe have stabilized, TotalEnergies has decided to demobilize its LNG FSRU in Le Havre.
25 Nov 25
Vantage Drilling International reports third quarter 2025 results
Vantage Drilling International reported a net income attributable to shareholders of approx. $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approx. $10.6 million or $0.80 per diluted share for the three months ended September 30, 2024.
25 Nov 25
UK: Tattva Group to invest £2mn in PDi to drive North Sea growth
Tattva Group has announced a £2 million investment in Project Development International (PDi), signalling a strategic push to expand its footprint in the North Sea, with a particular focus on engineering and procurement services to support operations and decommissioning.



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