Latest News
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24 Mar 25
Golar LNG signs finance lease agreements for FLNG Gimi
Golar LNG has entered into finance lease agreements with a consortium of leading Chinese leasing companies for the refinancing of the existing FLNG Gimi debt facility. -
24 Mar 25
Brazil: Shell invests in the Gato do Mato project in Brazil’s pre-salt
Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil. Shell anticipates that the Gato do Mato field will commence operations in 2029. -
24 Mar 25
Africa Oil announces completion of the transformational Prime deal
Africa Oil has announced the completion of the amalgamation to consolidate all of the Prime Oil & Gas shareholding in Africa Oil, and has declared the first quarterly cash dividend of USD 25 million. -
24 Mar 25
UK: Great British Energy to cut bills for hospitals and schools
Great British Energy's first project will put rooftop solar panels on 200 schools and 200 hospitals - cutting energy bills. -
24 Mar 25
Reelwell secures 40m NOK investment from Odfjell Technology
Reelwell, has announced that it has secured a strategic equity investment by Odfjell Technology. The deal sees Odfjell Technology purchase a 10% stake in Reelwell for 40 million NOK. The investment will be used to grow and develop Reelwell’s industry-leading DualLink digital pipe technology. -
21 Mar 25
Azerbaijan/Türkiye: Apollo to partner with bp on TANAP gas pipeline
Apollo Funds invest ~$1 billion for non-controlling shareholding in BP Pipelines (TANAP), which holds bp’s 12% interest in the Trans-Anatolian natural gas pipeline (TANAP), part of the Southern Gas Corridor (SGC) pipeline system. -
21 Mar 25
US: Mosman Oil and Gas announces US Helium projects update
Mosman Oil and Gas, the helium, hydrogen and hydrocarbon exploration, development and production company, has announced updates on the first revenue from the Sagebrush project, schedule update on the Vecta project and ongoing technical evaluation of the Coyote Wash Project area, Colorado, USA. -
21 Mar 25
Hydro invests NOK 1.65 billion to supply Europe’s electric infrastructure with low-carbon aluminium
Aluminium and renewable energy company Hydro is investing in building a new wire rod casthouse at its aluminium smelter in Karmøy, Norway. The new facility will supply aluminium for use in critical energy infrastructure in Europe and is expected to start production in 2028. -
21 Mar 25
UK: Hydrasun awards equipment packages for Aberdeen Hydrogen Hub Project
Hydrasun has awarded three contracts for major equipment packages for the bp Aberdeen Hydrogen Hub project. The scalable green hydrogen production, storage and distribution facility powered by renewable energy, is being delivered through a joint venture between bp and Aberdeen City Council. -
21 Mar 25
South Sudan:Wildcat Petroleum signs Collaboration Agreement with The Strategic Fuel Fund Association re South Sudan
Wildcat Petroleum has signed a Collaboration Agreement with The Strategic Fuel Fund Association ('SFF'), an organisation owned by the State of South Africa. The Agreement focuses on evaluating the petroleum assets in South Sudan previously held by PETRONAS. -
21 Mar 25
UK CMA clears Iberdrola’s acquisition of Electricity North West
The UK Competition and Markets Authority (CMA) cleared the acquisition of an 88% shareholding in the electricity distribution network operator Electricity North West (ENW) by Iberdrola, through its subsidiary ScottishPower. -
21 Mar 25
Helium One Global announces unaudited interim results for the six months ended 31 December 2024
Helium One Global, the primary helium explorer, has announced its unaudited condensed and consolidated results for the six months ended 31 December 2024, in addition to providing an update on progress across the Company's projects in Tanzania and the USA. -
21 Mar 25
Petrofac announces update on financial restructuring
Further to its announcement on 28 February 2025, the Convening Hearing for Petrofac’s financial restructuring took place yesterday(March 20). The court approved the creditor class composition proposed in the restructuring plan and ordered the convening of creditor meetings. -
21 Mar 25
Spain: Plenitude begins construction of a new 90MW solar power plant in Spain
Plenitude has started the construction of a new 90 MW solar plant in the municipality of Fortuna, in the Region of Murcia, in Spain. -
21 Mar 25
Amplus Energy Services partners with V.Ships Offshore to support Petrojarl I transition
Amplus Energy Services has announced a strategic partnership with V.Ships Offshore to oversee the transition of the Petrojarl I, a newly acquired Floating Production Storage and Offloading (FPSO) vessel. -
20 Mar 25
Spain: KGAL commissions 47-megawatt solar park in southern Spain
The renewable energy fund KGAL ESPF 4 has connected the 'San Fernando' solar park, with a capacity of 47 megawatts peak (MWp), to the power grid in the province of Cádiz, southern Spain. With more than 3,000 hours of solar irradiation per year, the region has the highest solar irradiation in Spain. -
20 Mar 25
Equinor presents 2024 Annual Report
Equinor has published its annual report for 2024, including financial and sustainability reporting. Equinor delivered adjusted operating income of USD 29.8 billion, and adjusted net income of USD 9.18. Net operating income was reported at USD 30.9 billion and net income at USD 8.83 billion. -
20 Mar 25
DOF Group announces contract extension for Skandi Buzios
DOF Group has announced that an extension to the PLSV Skandi Buzios' long-term contract has been signed with Petrobras. -
20 Mar 25
Brazil: Baker Hughes to provide fully integrated completions for Petrobras’ offshore fields
Baker Hughes has announced a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields. -
20 Mar 25
Namibia: ReconAfrica announces the acceleration of drilling into Q2 2025 and a corporate update
ReconAfrica has made great progress in getting Prospect I ready to drill and, as a result, is accelerating the spud date into Q2 2025. Prospect I is one of the largest mapped structures in the Damara Fold Belt in Petroleum Exploration Licence 073 ('PEL 73'), onshore Namibia. -
20 Mar 25
UK: Former coal mine seeks new identity as windfarm developer puts locals at the heart of plans
OnPath Energy is inviting a local community to help shape a new wind farm in Cumnock and Doon Valley, starting by giving it a name, inspired by the areas mining history. The proposed site is situated on the restored Garleffan and Grievehill open-cast coal mine.
