news

Decom Engineering (Decom) has signed a Memorandum of Understanding with UAE-headquartered subsea technologies and engineering leader, Unique Group. The two companies will combine their resources and expertise to jointly deliver an integrated package of subsea decommissioning services in major oil and gas regions, including the Middle East and APAC countries. Unique has a global footprint spanning …

Decom Engineering signs MOU with subsea technology specialist Read More »

INEOS has announced a major £150 million investment to underpin the long-term future of its Grangemouth site in Scotland, one of the UK’s most important industrial assets and a critical hub for the nation’s manufacturing and energy sectors. Supported by the UK Government, and facilitated by NatWest Group, the investment will upgrade key production units, …

INEOS announces £150 million investment at its Grangemouth site Read More »

Black Bull Biochar (BBB), a UK start-up driving sustainable agriculture and carbon removal, has secured £4 million in a late seed funding round to expand operations across the North West of England and accelerate its entry into northern Europe. The round is co-led by TSP Ventures and the Greater Manchester Combined Authority Investment Fund, alongside …

BBB raises £4M to decarbonise industrial sites Read More »

DNO ASA, the Norwegian oil and gas operator, has announced that it has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell plc effective 1 January 2026 and secured related offtake financing facilities for up to $410 million.   The agreement with ExxonMobil Asia Pacific Pte. Ltd., covering around half of …

DNO agrees North Sea Oil offtake with Exxon Mobil and Shell Read More »

MOL Group and SOCAR have signed a comprehensive exploration, development and production sharing agreement for an onshore area in the Shamakhi-Gobustan region of Azerbaijan. MOL Group as operator has 65% stake and SOCAR has 35% in the joint exploration project. Capitalising on the alignment reached in June 2025 on key terms for the joint hydrocarbon …

MOL Group and SOCAR sign agreement for Azerbaijan Read More »

Reeflex Solutions Inc. has announced a surge in new business across its Coil Solutions subsidiary. combining more than US$6 million in new orders for specialised coiled tubing equipment destined for both North American and Middle Eastern energy markets. On 11 December 2025, the company confirmed a US$3.4 million contract to design and manufacture a fully …

Reeflex Solutions secures over $6 million in orders Read More »

bp has delivered the Atlantis Drill Center 1 expansion project two months ahead of its original schedule by utilising existing subsea inventory, drilling and completing wells more efficiently, and streamlining offshore execution planning. This is bp’s fifth major startup that has been delivered ahead of schedule this year.  “Atlantis Drill Center 1 caps off an …

bp delivers seventh major 2025 startup Read More »

Borr Drilling has entered into an agreement to acquire five premium jack-up rigs from Noble Corporation, consisting of three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs, for a total purchase price of $360 million. These rigs have complementary specifications and geographic footprint to Borr Drilling’s existing fleet, enabling the …

Borr Drilling to acquire five premium jack-up rigs Read More »

PTT Oil and Retail Business Public Company Limited (OR), Thailand’s largest fuel retailer and the operator of the rapidly expanding Café Amazon chain, delivered a solid financial performance in the third quarter of 2025, reflecting strengthening fuel margins, disciplined cost management, and continued momentum across its retail and consumer-facing businesses. The company reported EBITDA of …

Thailand’s OR posts strong Q3 results as fuel margins recover Read More »