Latest News
-
19 May 25
Taiwan: Lamprell signs MOU with Dong Fang Offshore
Lamprell has signed a Memorandum of Understanding (MOU) with Dong Fang Offshore (DFO) for a newbuild NG-9000X wind turbine installation and maintenance vessel. The newbuild vessel will support offshore wind activities in the Asia Pacific region and will be designed to accommodate the latest generation of turbines. -
19 May 25
Norway: Var Energi granted drilling permit for well 6406/11-2 S in production licence PL 586
The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for well 6406/11-2 S in production licence PL 586. -
19 May 25
UK: Penspen secures multi-million-pound contract to advance groundbreaking HyNet CO2 Pipeline Project
Penspen, a leading international energy consultancy, has secured a multi-million-pound contract from United Living Infrastructure Services to advance the development of the HyNet CO2 transportation pipeline at Liverpool Bay. -
19 May 25
Falklands: Borders & Southern Petroleum announces audited results for the 12 month period ended 31 December 2024
AIM-listed Borders & Southern, the London based independent oil and gas exploration company with assets offshore the Falkland Islands, has announced its audited results for the year ended 31 December 2024. -
19 May 25
US:Pantheon Resources announces further results from the flow testing of the Megrez-1 well on Alaska's North Slope
Pantheon Resources, an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has today announced further progress from the Megrez-1 flow testing programme and guidance on the timing of future activities. -
19 May 25
UK/US: Union Jack Oil announces final results for Y/E 31 December 2024
Union Jack Oil, a profitable UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced its audited results for the year ended 31 December 2024. -
19 May 25
Indonesia: Conrad Asia Energy increases its stake in Duyung PSC
Conrad Asia Energy has completed the transfer of Coro Energy's 15.0% Participating Interest in the Duyung PSC. This will bring his will bring Conrad Asia Energy's total PI in the Duyung PSC to 91.5%. -
19 May 25
Denmark: 10 companies selected to compete for Denmark’s CCS Fund with DKK 28.7 billion for Carbon Capture and Storage
The Danish Energy Agency has selected 10 companies from a pool of 16 applicants to compete for DKK 28.7 billion in funding for Carbon Capture and Storage projects. The funding is expected to help reduce Denmark’s annual CO2 emissions by 2.3 million tonnes from 2030. -
19 May 25
UK: £1.6m funds a resilient future for Scotland’s globally important seabirds
The Scottish Marine Environmental Enhancement Fund (SMEEF) has announced a new Seabird Resilience Fund to help safeguard the future of Scotland’s precious seabirds. This significant £1.6m investment, funded by voluntary donations from a group of offshore renewable energy developers, aims to fund practical projects to protect seabirds from the many threats they face, both at sea and on land. -
19 May 25
UK: NSTA and CES agree to collaborate to harness the potential of the North Sea
The North Sea Transition Authority (NSTA) and Crown Estate Scotland (CES) have signed a Statement of Intent (SoI) which commits both organisations to work together to realise the tremendous energy and carbon storage potential of the North Sea. -
19 May 25
Australia: Korea National Oil Corporation to join Otway gas hunt
3D Energi has announced that the Korea National Oil Corporation (KNOC) will enter the joint ventures with 3D Energi and ConocoPhillips Australia (COPA) in the Otway exploration permits VIC/P79 and T/49P, subject to regulatory approvals. -
19 May 25
Wind Turbine Suppliers deliver new record volume despite macroeconomic and policy challenges
Wind turbine manufacturers installed 127 GW of new wind power capacity in 2024, according to GWEC’s annual Supply Side Data report. The data from GWEC’s Market Intelligence team finds 29 different wind turbine suppliers mechanically installed 23,098 units last year despite the challenging macroeconomic pressures, rising commodity and capital costs, and prolonged supply chain disruptions. -
19 May 25
US: Occidental and ADNOC’s XRG agree to evaluate joint venture to develop South Texas Direct Air Capture hub
Occidental and its subsidiary 1PointFive have announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. -
19 May 25
UAE: EOG Resources awarded onshore concession to explore and appraise unconventional shale block in the UAE
EOG Resources has been awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3). EOG holds 100 percent equity and operatorship and, in coordination with Abu Dhabi National Oil Company (ADNOC), will explore and appraise unconventional oil in the concession area. -
19 May 25
Namibia: Rhino Resources and Halliburton deliver the first two exploration wells on Block 2914 offshore Namibia
Rhino Resources and Halliburton announced the delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton's collaborative approach and integrated services were instrumental in Rhino's success as the block's operator.
