Wednesday – December 17, 2025

Finance

ConocoPhillips Skandinavia Reaches FID for Previously Produced Fields Project

The licensees of PL018B/F and PL044/D, operated by ConocoPhillips Skandinavia AS, have reached a final investment decision for the Previously Produced Fields (PPF) Project in ...

Shell Invests in Kaikias Waterflood to Unlock Production in Gulf of America

Shell Offshore Inc., a subsidiary of Shell plc, has taken a final investment decision (FID) on a waterflood project at its Kaikias field in the ...

BW Energy Sign Long-Term Lease for the Maromba Drilling and Wellhead Platform

BW Energy announces that the short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B signed in September 2025 has been successfully converted ...

Westwood Insights: Five Key Offshore Wind Themes to Watch in 2026

The offshore wind market slowed further in 2025, prompting a shift in behaviors. Governments that continue to support offshore wind are now attempting a more ...

Gorgon Stage 3 to Support Long-Term Western Australian and Regional Energy Security

Chevron Australia and the Gorgon Joint Venture Participants have taken a Final Investment Decision (FID) on the Gorgon Stage 3 development off the northwest coast ...

bp, Chevon and Shell Highest Bidders in Lease Sale Big Beautiful Gulf 1

The Department of the Interior announces that the Bureau of Ocean Energy Management successfully conducted Lease Sale Big Beautiful Gulf 1, which is the first ...

Equinor, Vår Energi and Petoro to Invest in the Next Phase of the Johan Castberg field

Equinor, Vår Energi and Petoro will invest just over NOK four billion in the first discovery tied back to the Johan Castberg field in the ...

GT Wings to Scale Jet Sail Technology with Funding from Grieg Kapital

GT Wings, the UK-based wind propulsion company behind the high-performance AirWing™ Jet Sail system, has announced the close of a significant investment round led by ...

Saronic Expand ASV Production with $300M Investment in Louisiana Shipyard

Saronic’s shipyard expansion strengthens America’s shipbuilding industrial base and helps revive a vital industry that supports US maritime leadership and national security. Saronic announced last ...

bound4blue Closes $44M Funding Round to Advance Maritime Wind Propulsion Technology

bound4blue, a global leader in wind propulsion systems, has closed a $44 million funding round backed by leading maritime corporates, ship owning families, climate-focused investors ...

New Alliance Ignites Fresh Momentum in Africa’s Exploration Landscape

The African Energy Chamber (AEC) strongly supports Eco Atlantic’s newly announced Strategic Partnership with Navitas Petroleum, which stands to reinvigorate exploration activity across Southern Africa ...

Chevron Announces 2026 Capex Budget of $18 to $19 Billion

Chevron Corporation (NYSE: CVX) has announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end ...

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