%22East Hub%22 News

Libya Targets Output Boost as Oil Bid Round Enters Final Phase

Nov 21, 2025

Libya's National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a statement on Thursday.The bid round, the first in over 17 years…

First Turbine Up and Running at 960MW German Offshore Wind Farm

Nov 26, 2025

The first wind turbine on EnBW’s He Dreiht offshore wind farm, the largest offshore wind farm in Germany, has generated the first kilowatt-hour of electricity and fed it into the grid.EnBW has so far built 27 out of a total of 64 wind turbines…

EnergyPathways Files Expanded License for MESH Gas and Hydrogen Storage Scheme

Nov 24, 2025

EnergyPathways has applied for a gas storage license covering the natural gas and hydrogen storage components of its MESH energy project in the East Irish Sea, expanding the area targeted for salt cavern development nearly fourfold.The company…

OEUK Warns of Major Job Losses Without Urgent Windfall Tax Reform

Nov 26, 2025

Thousands of U.K. jobs and billions in future tax revenue are at risk unless the government reforms the Energy Profits Levy (EPL), industry group Offshore Energies UK (OEUK) said ahead of the Autumn Statement.OEUK said statistical modelling…

COP30’s Weak Deal Unlikely to Shift Renewables - Fossil Fuel Battle

Nov 24, 2025

The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit.It was always going to be a tall order to put nearly 200 countries with massively…

Equinor Signs 10-Year Gas Supply Deal

Nov 21, 2025

Equinor and the Capital City of Prague’s gas and electricity company Pražská plynárenská have signed a long-term agreement for ten years of gas supplies into the Czech Republic.Deliveries have started and will last until 2035, Equinor said.Equinor’s…

BP Hires SLB OneSubsea for Deepwater Gulf of Mexico Job

Nov 19, 2025

SLB OneSubsea, joint venture between SLB, Aker Solutions, and Subsea7, has secured a contract from BP for subsea boosting system for the greenfield development of the Tiber project, located in the deepwater U.S. offshore region.The engineering…

Palfinger to Deliver First Fully Electric Offshore Cranes for Polish Wind Farms

Nov 11, 2025

Austria’s Palfinger Marine has signed a contract to supply the world’s first fully electric offshore jib cranes for the Bałtyk 2 and Bałtyk 3 wind farms off Poland, marking an industry milestone in the electrification of offshore wind operations…

Hoyer Acquires VMS Group

Nov 18, 2025

Hoyer, a global supplier of electric motors and automation solutions, and VMS Group, a marine service provider, have merged to create Hoyer VMS Group, a new company aiming to deliver a unique global offering for power and motion solutions across marine and industrial markets…

DESFA Secures €169.3m for Carbon Storage, Pipeline Project

Nov 03, 2025

Greek gas operator DESFA, 66%-owned by a consortium led by Italy's Snam, said on Monday it had secured 169.3 million euros from the European Union's Innovation Fund for its carbon storage and pipeline project.'The project includes a CO2 liquefaction…

FairWind Completes Acquisition of Australian Wind Services Firm

Nov 07, 2025

Renewables specialist FairWind has completed its acquisition of Cosmic Group, an Australian wind installation and maintenance provider.The move significantly boosts the company’s presence in Asia-Pacific (APAC), reinforcing its existing presence…

Malaysia Issues First Offshore CCS Permit to Petronas Subsidiary

Nov 10, 2025

Petronas CCS Ventures, a wholly owned subsidiary of Malaysia’s state energy company Petronas, has received the country’s first offshore assessment permit for carbon capture and storage (CCS) in the Duyong area.The permit, issued by Malaysia Carbon Capture…

Eni and Petronas to Establish Company in Indonesia and Malaysia

Nov 04, 2025

Eni and Petronas have signed a binding agreement to establish a new satellite company through the business combination of their upstream assets in Indonesia and Malaysia.The signing follows a framework agreement signed in June 2025.The independent…

Porto Central Extends Offshore Decommissioning Plans

Nov 04, 2025

Porto Central Complexo Industrial Portuário and M.A.R.S. Europe have signed an amendment to their memorandum of understanding that extends their ongoing collaboration on a ship decommissioning and recycling yard in Brazil.  The amendment extends…

THREE60 Energy Acquires Total Vision

Nov 03, 2025

THREE60 Energy, a leader in the global energy services sector, has announced a step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi…

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