Latest News
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02 Sep 25
Zimbabwe: Cabora Bassa officially granted National Project Status & PPSA terms agreed
Invictus Energy has had its flagship Cabora Bassa Project officially granted National Project Status (NPS) by the Zimbabwe Finance Minister Hon. Prof Mthuli Ncube and following a series of constructive meetings, the parties have finalised terms of the Petroleum Production Sharing Agreement (PPSA), which is now being prepared for execution. -
02 Sep 25
MODEC and AFC sign Co-operation Agreement to advance maritime infrastructure in Africa
MODEC has executed a Co-operation Agreement ('CA') with Africa Finance Corporation ('AFC'), Africa’s leading infrastructure solutions provider, to collaborate on Floating Production, Storage, and Offloading units ('FPSO') projects as well as other maritime infrastructure projects in Africa. -
02 Sep 25
UK: Emissions down by a third since 2018, but bold action needed to secure industry’s role in transition
The UK’s offshore oil and gas industry has made further progress lowering its production emissions, which were down by 7% in 2024, a fifth consecutive year of reductions, a new report says. -
02 Sep 25
Carlyle to acquire Altera Infrastructure Group’s FPSO business
Global investment firm Carlyle has agreed to acquire a diversified FPSO (Floating Production, Storage and Offloading) business from Altera Infrastructure Group, a leading offshore energy infrastructure company. -
02 Sep 25
Colombia: Scatec signs 15-year PPA for 130 MW solar plant in Colombia
Scatec , a leading renewable energy solutions provider, has signed a 15-year Power Purchase Agreement (PPA) with BTG Pactual Comercializadora de Energía. The PPA will cover approx. 85% of the estimated production from a 130 MW solar plant, with the remaining production to be sold in the Colombian electricity market. -
02 Sep 25
Australia: Falcon Oil & Gas and Tamboran granted approval by Northern Territory Government for the Beneficial Use of Gas agreement
Falcon Oil & Gas has announced that approval has been secured by Falcon Oil & Gas Australia's JV partner Tamboran (B2) from the Northern Territory Government for the Beneficial Use of Gas agreement, which allows for the sale of appraisal gas from the Shenandoah South Pilot Project. -
02 Sep 25
UK: Centrica confirms further life extensions for two of its UK nuclear power stations
Centrica has confirmed further life extensions for two of its UK nuclear power stations in which it has a 20% share, meaning even greater energy security for Britain. Heysham 1 and Hartlepool are now expected to generate electricity until March 2028, one year later than previously expected. -
02 Sep 25
Jamaica: United Oil & Gas granted the Beach Licence for Walton Morant
United Oil & Gas has been granted the Beach Licence, which enables United to undertake seabed sampling operations within the Walton Morant Basin, offshore Jamaica. -
01 Sep 25
European Energy posts solid H1 2025 results, achieves record construction activity and launches landmark e-methanol facility
European Energy has delivered solid operational and financial results in the first half of 2025, marked by record construction activity, significant project milestones, and further expansion into green fuels and energy storage solutions. -
01 Sep 25
Brazil: Karoon Energy reports Baúna Project reserves upgrade
In November 2020, Karoon completed the acquisition of 100% of Concession BM-S-40, comprising the Baúna and Piracaba producing oil fields and the Patola discovered resource (collectively known as the Baúna Project) from Petrobras. Karoon has recently upgraded Baúna Project Reserves. -
01 Sep 25
US: Trump’s Transportation Secretary terminates and withdraws $679 million from doomed offshore wind projects
U.S. Transportation Secretary Sean P. Duffy withdrew or terminated a total of $679 million in funding for 12 doomed offshore wind projects across America. This action will ensure federal dollars are prioritized towards restoring America’s maritime dominance and preventing waste. -
01 Sep 25
Norway: Equinor granted drilling permit for well 6407/1-B-2 H
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 6407/1-B-2 H in production licence PL 1121. -
01 Sep 25
UK: Wales clean growth map reveals £9 billion clean energy and industrial decarbonisation opportunity for Welsh regions
RenewableUK Cymru and Net Zero Industry Wales have unveiled a landmark ‘Wales Clean Growth Map’, highlighting a £9 billion investment opportunity for the Welsh economy from renewable energy projects and low-carbon industries across the country. -
01 Sep 25
Canada: BW Offshore signs Head of Agreement with Equinor for Bay du Nord FPSO
BW Offshore has signed a Head of Agreement (HoA) with Equinor Canada, confirming its selection as preferred bidder for the Floating Production, Storage and Offloading (FPSO) unit for the Bay du Nord project offshore Newfoundland and Labrador, Canada. -
01 Sep 25
France: RWE has commissioned 83 megawatts of wind and solar capacity in France
Over the summer, RWE commissioned four new wind farms and one solar plant with a total installed capacity of 83 megawatts (MW) in France. -
01 Sep 25
Norway: New dashboard provides insight into exploration activity on the NCS
Exploration activity is crucial for future oil and gas production on the Norwegian Continental Shelf (NCS). The Norwegian Offshore Directorate has launched a new dashboard that offers easy access to statistics on exploration wells and technical discovery rates. Exploration wells statistics. -
01 Sep 25
Netherlands: Dutch government awards grant for electrolyser project at Eemshaven
The Netherlands Enterprise Agency (RVO) has granted RWE a funding of 551 million euro for its 100-megawatt (nominal installed capacity) electrolysis project near the Magnum Power Station in Eemshaven in the north of the country.
