Category: England

England, UK

Baker Hughes and Kodiak ink multi-year turbine order deal

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HOUSTON, TEXAS and LONDON, ENGLAND (By Baker Hughes, 8.Jul.2026, Words: 391) — Kodiak Gas Services, Inc. and Baker Hughes announced a multi-year strategic agreement under which Baker Hughes will provide power generation solutions to support Kodiak’s expanding energy infrastructure initiatives. The agreement is anchored by an initial equipment award that will […]

New all-in-one digital suite raises the game in safety technology

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LONDON, ENGLAND (By Dräger UK, 07.Jul.2026, Words: 415) —  Dräger UK, a global company in the field of safety technology, has strengthened its digital gateway offering and launched a single-entry portal that will significantly enhance customer experience as digital usage grows. My Dräger, which will integrate and succeed the successful […]

The Strait of Hormuz closure threatens Northeast Asia demand, pressures LNG spot prices

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LONDON/HOUSTON/SINGAPORE (By WoodMac, 11.Mar.2026, Words: 767) — Northeast Asia’s LNG market faces a major supply shock following the closure of the Strait of Hormuz, with regional demand expected to fall by 4-5 million tonnes through Q3 2026 if supply disruptions last for two months, according to new analysis from Wood Mackenzie.  RELATED: DAVID […]

Baker Hughes issues $6.5bn and €3bn of senior notes

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HOUSTON, TEXAS and LONDON, ENGLAND (By Baker Hughes, 11.Mar.2026, Words: 481) — Baker Hughes Company successfully issued $6.5bn in debt consisting of 5 tranches of senior unsecured notes and €3bn in debt consisting of 4 tranches of senior unsecured notes (collectively, the “notes”): The notes were issued by Baker Hughes’ […]

bp and Stonepeak ink deal for Castrol valued at $10.1bn 

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LONDON, ENGLAND (By bp 24.Dec.2025, Words: 746) — Following a comprehensive strategic review of Castrol, bp reached an agreement to sell a 65% shareholding in Castrol to Stonepeak, at an enterprise value of $10.1bn. This represents an implied EV / LTM EBITDA of around 8.6x reflecting the strength of the […]

EAI brief: Stonepeak to buy 65% stake in Castrol from bp

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ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 24.Dec.2025, Words: 121) — bp reached an agreement to divest a 65% shareholding in Castrol. The enterprise value of the deal is calculated at $10bn. The total net proceeds to bp of c.$6bn, including accelerated dividend payments, will be fully utilized to reduce […]

DNV Inspection names offshore wind specialists

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LONDON, ENGLAND (By DNV, 1.Dec.2025, Words: 545) — DNV Inspection, the independent assurance and risk management provider, has appointed Iván Jaramillo González to drive its global offshore wind capabilities and support the company’s continued growth across the low-carbon energy sector.  Iván, who takes on a project manager position in DNV’s Inspection […]

The Economist launches The World Ahead 2026

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LONDON, ENGLAND (By The Economist, 10.Nov.2025, Words: 876) — The Economist has launched The World Ahead, the annual special year-end issue from The Economist that examines important themes, trends and events that will shape the coming year. The World Ahead 2026 is the 40th edition of The Economist‘s future-gazing annual, marking 4 […]

bp pulse accelerates London’s EV charging network via TfL partnership

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LONDON, ENGLAND (By bp 22.Oct.2025, Words: 282) — bp pulse, one of the UK’s leading rapid and ultra-fast EV charging providers, has announced an extension of its long-standing agreement with Transport for London (TfL). The framework agreement, which commenced in 2018, underpins bp pulse’s commitment to delivering reliable, accessible charging […]

bp delivers on 6 start-ups in 2025 with Murlach start-up

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LONDON, ENGLAND (By bp, 9.Oct.2025, Words: 315) — bp has safely started up its sixth major upstream oil and gas project of 2025 with production from the Murlach field in the UK North Sea. The 6 projects add around 150,000 barrels of oil equivalent per day (boe/d) combined peak net […]

Equinor and Shell announce CEO and chair for Adura

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OSLO, NORWAY (By Equinor, 8.Sep.2025, Words: 351) — Equinor and Shell announce the appointment of Neil McCulloch as chief executive officer and Nicoletta Giadrossi as chair of their offshore UK Incorporated joint venture, Adura. These appointments mark a key step in establishing Adura as the UK North Sea’s largest independent […]

Fervo Energy selects Baker Hughes to deliver geothermal power generation equipment

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HOUSTON, TEXAS and LONDON, ENGLAND (By Baker Hughes, 2.Sep.2025, Words: 398) — Baker Hughes announced an award from Fervo Energy Company, the leader in next-generation geothermal energy, to design and deliver equipment for 5 Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station power generation project near Milford, Utah, United States. Once operational, the five Cape Phase II […]

PXGEO inks 2-year geophysical contract to support Malaysia upstream

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LONDON, ENGLAND (By PXGEO, 25.Aug.2025, Words: 296) — PXGEO secured its first contract in Malaysia to deliver offshore seismic data acquisition services under a 2-year agreement. This includes a minimum commitment of 365 days of acquisition activity over the contract term utilizing the PXGEO 2 seismic vessel which will mobilize […]

Yondr Group accelerates US growth with 550MW Dallas campus

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LONDON, ENGLAND (By Yondr, 19.Aug 2025, Words: 352) — Yondr Group, a global developer, owner and operator of hyperscale data centers, has secured a 163-acre site in Lancaster, Texas, just south of Dallas to develop a campus with the capacity to accommodate 550MW critical IT load. Situated in one of the nation’s most sought-after […]

Halliburton bags multi-year well stimulation services contract in the North Sea

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HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 13.Aug.2025, Words: 195) — ConocoPhillips Skandinavia AS awarded Halliburton a contract to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans 5 years and includes 3 optional extension periods. The contract award highlights Halliburton’s leadership in stimulation services […]

bp reports strong 2Q:25 operational performance [pdf downloads]

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LONDON, ENGLAND (By bp, 5.Aug.2025, Words: 90) — bp reported strong operational performance in the 2Q:25 and underlying RC profit of $2.4bn and operating cash flow of $6.3bn. bp also revealed enhancements to it portfolio and progressing divestments: 5 major project start-ups and 10 exploration discoveries year-to-date, and agreement to sell […]

Nabors reports 2Q:25 results, operating revenues of $833mn

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HAMILTON, BERMUDA (By Nabors, 29.Jul.2025, Words: 653) — Nabors Industries Ltd. reported second quarter 2025 operating revenues of $833 million, compared to operating revenues of $736 million in the first quarter. Net loss attributable to Nabors shareholders for the quarter was $31 million, compared to net income of $33 million in the first quarter. This equates to […]

Baker Hughes to buy Chart Industries in deal with total enterprise value of $13.6bn

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HOUSTON, LONDON, ATLANTA (By Baker Hughes, 29Jul.2025, Words: 1,088) — Baker Hughes and Chart Industries announced they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. Chart is a global leader in the design, […]

OEG to supply Peterson with 500 offshore containers through 2030

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HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 24.Jul.2025, Words: 434) — OEG secured a significant five-year contract with Peterson Energy Logistics in Den Helder for 500 offshore containers to support its operations in the Dutch sector of the North Sea.  The award builds on a successful 10-year relationship between […]

EnerMech secures contract for Dana Petroleum’s Triton FPSO

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BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Jul.2025, Words: 179) — EnerMech has been awarded a 3-year fixed term contract with a further 2 by 2-year extension option periods by Dana Petroleum. The contract covers the provision of offshore shutdown support services for the Triton floating production, storage and […]

Borr Drilling receives commitments, announces CEO succession plan

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HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 2.Jul.2025, Words: 278) — Borr Drilling Limited received commitments from certain commercial banks related to various senior facilities.  These facilities include: 1) increasing the existing super senior RCF (SSRCF) to $200mn; 2) reallocating the existing $45mn guarantee facility from super senior to […]

Salunda expands Latch Hawk rollout with new offshore deployment

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BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 26.Jun.2025, Words: 298) — Salunda strengthened its presence in the Americas deepwater region with the successful deployment of its Latch Hawk monitoring system on a semi-submersible rig.  The installation, completed earlier this year, forms part of Salunda’s growing activity in the Americas […]

OEG to provide helifuel services and refuelling training for UK operator

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Jun.2025, Words: 210) — OEG, an energy solutions business, secured a significant multi-year helifuel services contract with a major UK operator. Per the agreement, OEG will manage the UK operator’s offshore helifuel systems in the North Sea and provide helifuel tanks on a serviced […]

Equinor and Centrica ink long-term gas sales agreement worth £20bn

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Jun.2025, Words: 441) — Equinor and Centrica sign long-term gas sales agreement of 55 TWh of natural gas per year (around 5 billion cubic meters – bcm) for 10 years starting 1 Oct. 2025 at terms reflecting market prices.  The total contract value […]

Dräger Marine & Offshore wins five-year contract with UK North Sea operator

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PHILADELPHIA, PENNSYLVANIA (Philipp Markopulos, Energy Analytics Institute, 7.May.2025) — Dräger Marine & Offshore (DMO), involved in field safety technology, secured a long-term deal with a major North Sea oil and gas operator. Due to run for 5-years, with a further 2 one-year extension options, the extension of the existing supply […]

Yutong Bus reveals major milestone for “net zero forest” initiative on Earth Day 2025

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Apr.2025) — Yutong Bus, a commercial vehicle manufacturer from Asia, unveiled a landmark achievement in its Net Zero Forest initiative during the 2025 World Earth Day celebrations.  As part of its long-term sustainability strategy and ESG-driven corporate social responsibility (CSR) framework, Yutong commits to plant 1 tree […]

Eni and the UK government reach financial close for the Liverpool Bay CCS project

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HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 24.Apr.2025) — Eni reached financial close with the UK government’s department of energy security and net zero (DESNZ) for the Liverpool Bay CCS project, where the Italian company is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial cluster. The financial close allows the […]

DNV qualifies Subtera’s corrosion under insulation (CUI) detection technology

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HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 24.Apr.2025) — DNV successfully completed the technology qualification (TQ) of Subtera‘s passive terahertz sensor technology designed to detect corrosion under insulation (CUI) and the trapped moisture that causes it — a pervasive challenge in industrial plants.  CUI is a leading cause of asset […]

North Star’s ships achieve Lloyd’s Register’s cyber resilience classification

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ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 23.Apr.2025) — North Star has become the first organization in the world to have ships achieve Lloyd’s Register’s (LR) cyber resilience classification, in line with mandatory International Association of Classification Societies (IACS) standards implemented for all newbuilds from 1 Jul. 2024. The organization’s […]

WoodMac: US energy dominance faces long-term challenges

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HOUSTON, TEXAS (WoodMac, 17.Apr.2025) — While the United States currently dominates global oil and gas production, it faces significant challenges to maintaining the same level of leadership in the coming decades, according to the latest Horizons report from Wood Mackenzie. According to the report Tough at the top: The threats […]

Perenco successfully concludes UK’s first CO2 injection test for CCS 

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HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 9.Apr.2025, Words: 245) — Perenco successfully conclued the UK’s first carbon dioxide (CO2) injection test for carbon capture and storage (CCS). The test involved the injection of CO2 into a depleted natural gas reservoir in the UK’s southern North Sea, marking a major […]