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05 Jun 25
UK: Equinor strengthens UK energy security with new gas sales agreement with Centrica
Equinor and Centrica have signed a long-term gas sales agreement of 55 TWh of natural gas per year (around 5 billion cubic meters - bcm) for a period of 10 years starting 1 October 2025 at terms reflecting market prices. The total contract value would be around £20 billion assuming current prices.
05 Jun 25
MODEC and Carbon Clean enter MOU to accelerate development and deployment of offshore carbon capture technology
Further to the announcement made relating to the development of an FPSO-based Carbon Capture pilot plant, MODEC and Carbon Clean Solutions have entered an MOU to continue the development and eventual deployment of FPSO-based offshore post-combustion carbon capture technologies.
05 Jun 25
IEA: Global energy investment set to rise to $3.3 trillion in 2025 amid economic uncertainty and energy security concerns
Global energy investment is set to increase in 2025 to a record $3.3 trillion despite headwinds from elevated geopolitical tensions and economic uncertainty, a new IEA report says, with clean energy technologies attracting twice as much capital as fossil fuels.
05 Jun 25
Equatorial Guinea: SBM Offshore signs Share Purchase Agreement with GEPetrol
SBM Offshore has signed a Share Purchase Agreement for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The Company’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months.
05 Jun 25
Germany: Nordex Group receives an order for 56 MW from UMaAG for a repowering project in Germany
The Nordex Group has received a new order from Umwelt Management AG (UMaAG) of Cuxhaven, Germany. As part of the Drochtersen repowering project in Lower Saxony, the Nordex Group will supply and install a total of eight N163/6.X wind turbines.
05 Jun 25
UK: Job loss threat for hundreds of skilled contractors at Grangemouth and Mossmorran
Unite the union has said the oil and gas industry in Scotland is being hit by an ‘avalanche’ of job losses as hundreds of Grangemouth and Mossmorran based contractors face unemployment in the coming weeks.
05 Jun 25
Jamaica: United Oil & Gas shares CEO interview re Jamaica licence
United Oil & Gas has shared an interview with its CEO outlining the technical and commercial potential of the Company's Jamaica licence, the ongoing farm-out discussions with parties under NDA, and the permit application for the Piston Core Survey.
05 Jun 25
Cote d'Ivoire: Petrobras submits a declaration of interest for exploratory blocks in Cote d'Ivoire
Petrobras has submitted a declaration of interest for exploratory blocks in the offshore areas of the Cote d'Ivoire.
05 Jun 25
Norway: Transocean announces exercise of $100 million option for harsh environment semisubmersible
Transocean has announced that a two-well option has been exercised for the Transocean Spitsbergen in Norway. The program is expected to commence in the first quarter of 2026 in direct continuation of the rig’s current program and contribute approximately $100 million in backlog, excluding additional services.
05 Jun 25
UK: Gran Tierra Energy announces sale of Gran Tierra North Sea
Gran Tierra Energy has signed an agreement to sell its wholly owned subsidiary, Gran Tierra North Sea (GTNSL), to NEO Energy for total consideration of US$7.5 million. GTNSL holds a 100% equity interest in UKCS licence P2358 which includes the Serenity Discovery.
05 Jun 25
France: Ocean Winds celebrates 'first power' at the Yeu-Noirmoutier offshore wind farm
Ocean Winds celebrates the successful generation of first power from the Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm. Following a successful initial testing phase that began on Friday, May 23rd, the project’s first units are now connected to the national grid, supplying clean, renewable energy.
04 Jun 25
Spain: Greenvolt Group sells wind and solar portfolio in Spain for €195 Million
Greenvolt Group has agreed to sell a 231 MW solar and wind portfolio located in Spain through its partnership with Green Mind Ventures to Transiziona, a company owned by White Summit Capital.
04 Jun 25
UK: Government in danger of missing clean power target, warns Lords Committee
The House of Lords Industry and Regulators Committee has warned the Government that unless it drastically steps up the scale and pace of building more energy generation and network infrastructure it is in danger of missing its clean power target of decarbonising the electricity system by at least 95% by 2030.
04 Jun 25
UK: Rich Denny appointed Northern Endurance Partnership Managing Director
Northern Endurance Partnership (NEP), the CO2 transportation and storage provider for the East Coast Cluster, has announced the appointment of Rich Denny as Managing Director.
04 Jun 25
UK: OEUK Conference 2025: Speakers announced!
Leaders of the energy industry, policymakers and experts will come together at Offshore Energies UK’s flagship OEUK Conference 2025 – The Future Of Our North Sea to discuss government policy decisions shaping the North Sea’s future and the UK’s energy supply chain.
04 Jun 25
Brazil: TotalEnergies increases its interest in Lapa field, offshore Brazil
TotalEnergies has announced the signature of an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field.
04 Jun 25
Brunei: PTAS Aker Solutions secures extension of brownfield services contract in Brunei
PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS Sdn Bhd, has secured a significant two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).
04 Jun 25
UK: Sonardyne awarded contract for seabed monitoring landers and associated services for NEP project
Sonardyne has been contracted by the Northern Endurance Partnership (NEP), the developer of the onshore and offshore infrastructure needed to transport carbon dioxide (CO2) from carbon capture projects across Teesside and the Humber – collectively known as the East Coast Cluster – to secure storage under the North Sea.
04 Jun 25
Canada: Natural Gas Resource Assessment demonstrates the natural gas potential in the Jeanne d’Arc Basin
The Honourable Steve Crocker, Minister of Industry, Energy and Technology, has released the Provincial Government’s Natural Gas Resource Assessment which demonstrates the natural gas potential for the province in the Jeanne d’Arc Basin.
04 Jun 25
Germany/Denmark: RWE and Norges Bank Investment Management jointly realise offshore wind projects off the German and Danish coast
RWE and Norges Bank Investment Management (NBIM) have successfully closed the transaction they announced in March. NBIM now holds a 49% equity stake in both the Nordseecluster and Thor offshore wind projects. RWE, with a 51% stake, remains in charge of construction and operations throughout the lifecycle of these offshore wind farms. The purchase price is approximately €1.4 billion.
04 Jun 25
Argentina: Vestas announces 102 MW order in Argentina
Vestas has announced a 102 MW order in Argentina as part of its Q2 order intake. Delivery and commissioning are planned for the fourth quarter of 2026.
04 Jun 25
UK: Bilfinger UK secures multi-million-pound contract to enhance UK gas distribution network
Bilfinger UK has secured a multi-million-pound contract with Cadent to update critical elements of the UK's largest gas distribution network. This 12-month construction project, set to begin in Q1 2025, will involve a multi-disciplinary approach encompassing civil, mechanical, and electrical & instrumentation (E&I) scopes.
04 Jun 25
UK: EnQuest selects Fennex’s AI-powered BBSS™ to enhance safety and behavioural insights across UK assets
Fennex has secured a multi-year contract with international energy company EnQuest for the deployment of its flagship AI-powered Behaviour-Based Safety System, BBSS™. This partnership marks a major step in advancing data-driven safety practices across EnQuest’s UK operations.
04 Jun 25
South Africa: Eco Atlantic secures Exploration Right and transfer of 75% interest in Block 1 - South Africa's Orange Basin
Eco (Atlantic) Oil & Gas has announced that, further to the Farm-In Agreement announced on 5 June 2024, formal approval has been received from the South Africa Department of Mineral and Petroleum Resources. Accordingly, Eco has now secured a 75% Working Interest and full Operatorship of Block 1 offshore South Africa - one of the most strategically positioned assets in the highly prospective Orange Basin.
04 Jun 25
Ghana: The Government of Ghana, Tullow, Kosmos Energy, PetroSA, GNPC and Explorco sign MoU to extend Ghana production licences to 2040
The Government of Ghana, Tullow Oil, Kosmos Energy, PetroSA, GNPC and Explorco have entered into a Memorandum of Understanding (MOU) to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licences to 2040, which cover the Jubilee and TEN fields in Ghana.
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