OEUK news Industry urges new Energy Secretary Miatta Fahnbulleh to back homegrown energy over imports 21 July 2026

Source: Offshore Energy UK

Headline: OEUK news

Industry urges new Energy Secretary Miatta Fahnbulleh to back homegrown energy over imports

21 July 2026

Offshore Energies UK (OEUK) has congratulated Miatta Fahnbulleh on her appointment as Secretary of State for Energy Security and Net Zero and urged her to meet North Sea industry representatives to make clear the new government backs homegrown energy production over growing reliance on imports.

There is now an opportunity for the new Energy Secretary to work with the sector to deliver on Prime Minister Andy Burnham’s commitment to reindustrialise Britain by supporting the workers, businesses and communities that underpin the UK’s domestic energy industry.

The UK energy industry urgently needs regulatory approval for projects such as Jackdaw and Rosebank, alongside a pipeline of other domestic oil and gas developments, and a continuing government commitment to the development of renewables.

Failing to exploit our own oil and gas does not alter UK oil and gas consumption. It just means we depend increasingly on imports.

The Treasury’s proposed Oil and Gas Revenue Levy must be introduced now to unlock £50bn of new investment.

The damaging ban on exploration leaves the UK trailing behind Norway instead of partnering with it to underpin European energy security. This ban must be reversed.

Successive governments have failed to prioritise homegrown energy production, leaving the country increasingly dependent on carbon-intensive imports and exposed to geopolitical risk.

Using imported liquified natural gas (LNG) from America or Qatar which is increasingly being used to replace North Sea gas, involves carbon emissions that are four times higher.

OEUK analysis shows that a reset addressing reform of the regulatory and tax framework for the North Sea industry could unlock an additional £50 billion in oil and gas investment.

Over the next decade alone this would increase capital investment by £26 billion, boost tax receipts by more than £13 billion and support tens of thousands of jobs.

It would also help the UK meet at least half of its oil and gas needs from domestic production between now and 2050.

Faster reform could also cut the imported liquified natural gas (LNG) share of UK gas supplies to 6% by 2035, compared with 46% without reform.

Independent polling data from Opinium earlier this month shows that the government’s own supporters are looking for a reset on energy policy from the new prime minister. Almost 70% of Labour voters say the UK should prioritise North Sea oil and gas production compared to just 9% who said it doesn’t matter where oil and gas comes from.

David Whitehouse, chief executive of Offshore Energies UK said:

“All of us here at OEUK congratulate Miatta Fahnbulleh on her appointment as Energy Secretary and look forward to working with her as she shapes UK energy policy to deliver on the Prime Minister’s vision to reindustrialise Britain.

“The UK will still need oil and gas for decades to come. The question is whether we produce as much of that energy as possible here, supporting our own jobs, communities and economy, or become increasingly reliant on imports while exporting investment and economic value overseas. We urge our new Energy Secretary to back North Sea production as part of a secure and managed energy transition.

“The Prime Minister has made it clear that communities and industry will be at the heart of his government. You cannot put communities first if you do not back the industries that sustain them. That means backing homegrown energy in all its forms, from North Sea oil and gas to offshore wind, unlocking investment and giving workers and businesses the confidence to build Britain’s energy future here at home.”


Share this article

W&T Offshore Announces Timing of Second Quarter 2026 Earnings Release and Conference Call

Source: W & T Offshore Inc

Headline: W&T Offshore Announces Timing of Second Quarter 2026 Earnings Release and Conference Call

HOUSTON, July 27, 2026 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (the “Company”) today announced the timing of its second quarter 2026 earnings release and conference call.

The Company said it will issue its second quarter 2026 earnings release on Wednesday, August 5, 2026, after the close of trading on the NYSE and host a conference call to discuss financial and operational results on Thursday, August 6, 2026, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).

Interested parties may participate by dialing (844) 739-3797. International parties may dial (412) 317-5713. Participants should request to be joined to the “W&T Offshore, Inc. Conference Call.” This call will also be webcast and available on W&T Offshore’s website at www.wtoffshore.com under “Investors.” An audio replay will be available on the Company’s website following the call.

About W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of March 31, 2026, the Company had working interests in 48 fields in federal and state waters (which include 41 fields in federal waters and seven in state waters). The Company has under lease approximately 605,200 gross acres (471,300 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 457,700 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

Source: W&T Offshore, Inc.

AGNICO EAGLE ANNOUNCES INVESTMENT IN CADILLAC MINES CORPORATION

Source: Agnico Eagle Mines

Stock Symbol: AEM (NYSE and TSX)

TORONTO, July 24, 2026 /CNW/ — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has entered into a subscription agreement dated July 23, 2026 (the “Subscription Agreement”) with Cadillac Mines Corporation (“Cadillac”), pursuant to which Agnico Eagle agreed to acquire 8,696,000 common shares of Cadillac (“Common Shares”) at a price of C$6.90 per Common Share for total consideration of C$60,002,400.00(the “Private Placement”). The Private Placement is subject to certain closing conditions, including the closing of Cadillac’s initial public offering of Common Shares (the “IPO”) pursuant to Cadillac’s final long form base PREP prospectus dated July 23, 2026. The Private Placement is expected to close on or about August 5, 2026.

Prior to entering into the Subscription Agreement, Agnico Eagle owned 22,821,028 Common Shares, representing approximately 9.70% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the Private Placement, Agnico Eagle is expected to own 31,517,028 Common Shares, representing approximately 11.09% of the issued and outstanding Common Shares on a non-diluted basis after giving effect to the IPO (assuming the issuance of all Common Shares qualified thereunder) and all other security issuances completed by Cadillac concurrently with the Private Placement.

Pursuant to a subscription agreement dated July 25, 2023 between Agnico Eagle and Cadillac, Agnico Eagle is entitled to certain rights, including the right to participate in equity financings in order to maintain its pro rata ownership interest in Cadillac at the time of such financing.

On closing of the IPO, Agnico Eagle will enter into a lock-up agreement in favour of the underwriters of the IPO, pursuant to which it will agree that it will not, directly or indirectly, without the prior written consent of the underwriters: (a) offer, sell, pledge or otherwise dispose of any Common Shares or any securities convertible into or exercisable or exchangeable for Common Shares (collectively, the “Locked-Up Securities”); (b) make any short sale, engage in any hedging or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Locked-Up Securities; or (c) agree to or publicly announce any intention to do any of the foregoing, in each case, for a period of 180 days following the closing date of the IPO, subject to certain limited exceptions.

Agnico Eagle is acquiring the Common Shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Cadillac or dispose of some or all of the Common Shares or other securities of Cadillac that it owns at such time.

An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

Investor Relations
Agnico Eagle Mines Limited
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Cadillac’s head office is located at 123 Front Street West, Suite 905, Toronto, Ontario M5J 2M2.

About Agnico Eagle

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. Agnico Eagle is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Forward-Looking Statements

The information in this news release has been prepared as at July 24, 2026. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle’s acquisition of Common Shares pursuant to the Private Placement and expected ownership interest in Cadillac, the closing of the Private Placement and IPO and the agreements to be entered into in connection therewith, and Agnico Eagle’s acquisition or disposition of securities of Cadillac in the future.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-announces-investment-in-cadillac-mines-corporation-302833879.html

SOURCE Agnico Eagle Mines Limited

OEUK news Powerful cross-industry group issues warning letter to all Labour MPs 14 July 2026

Source: Offshore Energy UK

Headline: OEUK news

Powerful cross-industry group issues warning letter to all Labour MPs

14 July 2026

A powerful cross-industry group led by North Sea energy producers will today deliver a strongly worded letter to the incoming government, warning that policy makers must back homegrown oil and gas ahead of imports, alongside greater support for UK manufacturing and industry.

The letter is signed by industry executives, trade unionists, and trade bodies from chemicals to engineering, aggregates and building materials to the offshore energy sector and the shipping industry.

It has been sent to all 403 Labour MPs and makes clear that the UK economy is at a turning point. Decisions made now will be key to the economic success or failure of the UK in the coming decades.

It is being presented at Westminster today in Parliament Square, Westminster to a representative group of Labour MPs from the growing number sympathetic to the argument that supporting North Sea production is not just a commitment to homegrown energy but also a commitment to UK manufacturing, industrial capability and the skilled workforce that has powered the nation for generations.

The letter will be handed over by a group of industrial workers clad in their workday wear of PPE and hard hats. Also present will be apprentices from around the country making clear that future jobs and livelihoods depend on UK productivity, not imports.

Presentation of the letter will follow an all-industry summit and discussion today which will include presentations from the GMB union and the Chemical Industries Association, spelling out the importance of a secure supply of of reliable and affordable home-produced oil and gas to reduce dependence on imports, protect UK jobs and achieve industrial growth.

At the same time as these events in London, giant banners visible from the air will be displayed on more than a dozen offshore installations and onshore industrial sites bearing the words: Back North Sea oil and gas. Not imports.

The letter highlights that the UK will continue to require oil and gas for decades and argues that the key policy choice is whether those resources are produced domestically or increasingly imported from overseas. Signatories warn that growing reliance on imports could expose the country to geopolitical risks while undermining jobs, communities and supply chains across the UK.

David Whitehouse chief executive of Offshore Energies UK said:

“Our colleagues in other industries are joining us to show their support for this basic message. Energy security, economic resilience and reindustrialisation depend on maintaining domestic energy production as well as greater investment in renewable and low-carbon technologies.

“We fully support the government’s ambition to build a secure, lower-carbon energy system, but energy transition must follow an “all-energy approach” that builds on existing industrial strengths and strengthens rather than weakens national industrial capability.”

Steve Elliott, Chief Executive Chemical Industries Association said:

“As a key foundation industry which is core to jobs and the wider economy the UK chemical sector must attract investment. Fundamental to that is our ability to access competitive and secure energy to run our factories and to produce the critical materials that underpin the country’s critical infrastructure, our growth sectors and the clean energy future.

“If the new administration is serious about re-industrialisation and good growth across the country, then it must do all it can to make that energy competitive and secure. Backing North Sea oil and gas alongside renewables is not about slowing progress. On the contrary, it is about strengthening industrial competitiveness, protecting jobs and reducing reliance on imports in an increasingly volatile world.

This morning’s announcement is a key part of the answer, let’s get on with it”

Gary Smith, GMB Union General Secretary, said:

“In an increasingly uncertain world, it is more important than ever that we can get the energy we need to power our homes, businesses, and essential public services.

“We will need oil and gas for decades to come. Increasing our reliance on imported energy from overseas for the essential elements that power our economy and keep the country going, leaves us worryingly exposed.

“GMB is looking to the Government to show it understands the significance of this moment – jobs, communities, and our national security are at stake.”

Elizabeth de Jong, Chief Executive Officer, Fuels Industry UK said:

“The UK continues to need fuels; it makes sense to maximise the value created here at home by supporting both refineries and North Sea production. Domestic manufacturing sustains high-skilled jobs, strengthens energy security and underpins our industrial future.”

  • The full text of the letter is available here

Share this article

Coalition Comments to BLM on Proposed Revisions to Grazing Regulations

Source: Independent Petroleum Association of America

Headline: Coalition Comments to BLM on Proposed Revisions to Grazing Regulations

Coalition Comments to BLM on Proposed Revisions to Grazing Regulations

We appreciate and support the Administration’s intention “to modernize the BLM’s grazing program”2 However, we note with concern that this rule, titled “Revisions of Regulations for Grazing Administration – Exclusive of Alaska,” could actually impact a far broader set of stakeholders than the grazing-specific title would suggest, unless BLM provides clarification in the final rule. The proposed changes include relocating the existing Subpart 4180 framework specific to the grazing program to an entirely new 43 CFR Part 1700 (“Part 1700”), which – as presently drafted – applies LHS to all BLM programs.

The Associations urge BLM to specifically clarify in the final rule that the sections expanding on the use of land health standards have no application beyond range lands used for grazing at this time. Specifically, any final rule should make clear that BLM is making no changes to its management of oil and gas development (or any other multiple use aside from grazing) on federal lands, and that oil and gas leaseholders possess valid existing rights that are in no way impacted by this specific rule on grazing policies. …

World Drilling 2026 Convenes in Estoril, Portugal

Source: International Association of Drilling Contractors – IADC

Headline: World Drilling 2026 Convenes in Estoril, Portugal

It was a pleasure to have so many friends and colleagues join us for the 2026 IADC World Drilling Conference & Exhibition in Estoril, Portugal. This year’s event took place from 16-17 June at the Estoril Congress Center. 

The opening presentation was given by 2026 IADC Chairman Roddie Mackenzie, who passionately discussed advocating for our industry and sharing our story with the world. Keynote presentations were given by Ivan Tan with Shell International and John Bell with H&P. Thought-provoking presentations and panels covering topics such as AI at the drill floor, innovative contracting models, and the future of offshore automation reminded us exactly why this community continues to push our industry forward.

IADC gladly sponsored 27 students from the following universities to attend and participate in the conference:

  • Indian Institute of Technology
  • King Fahd University of Petroleum & Minerals
  • MIT World Peace University 
  • Pandit Deendayal Energy University 
  • Suez University
  • Universiti Teknologi PETRONAS 
  • University of Boumerdes 

Thank you to everyone involved in bringing this conference to life, including the attendees, presenters, sponsors, exhibitors, planning committee, and IADC team! 

Registration for 4th Annual DrillersPAC 3-Gun Competition Now Open

Source: International Association of Drilling Contractors – IADC

Headline: Registration for 4th Annual DrillersPAC 3-Gun Competition Now Open

IADC’s 4th Annual DrillersPAC 3-Gun Competition will take place on 16 October 2026

Registration is currently open and sponsorships are available. You don’t want to miss out on a day of fun and friendly competition as we support IADC’s advocacy efforts and raise money for veterans at Camp Hope. Come take part in marksmanship with a mission! 

16 October 2026
6:00am – 4:00pm
Renaissance Shooting Club – Todd Mission, Texas 

Event Details:

  • 4-person teams
  • 1 combined flight, 6 shooting stages
  • Breakfast & lunch provided

An optional practice session and gear check will be offered on 18 September from 1-5pm, Renaissance Shooting Club.

Please contact Thad Dunham if you have any questions. 

Members Gather in Lagos for IADC Nigeria Chapter’s 2026 HSE Awards & Technical Session

Source: International Association of Drilling Contractors – IADC

Headline: Members Gather in Lagos for IADC Nigeria Chapter’s 2026 HSE Awards & Technical Session

Members recently gathered in Lagos for the 2026 IADC Nigeria Chapter HSE Awards & Technical Session to tackle one of the industry’s most pressing challenges: developing a competent workforce amid rising drilling activity in Nigeria.

Chapter Chairperson Mrs. Funmi Babatunde welcomed attendees, highlighting increased crude production targets, rising rig activity, and expanding opportunities.

Two technical presentations addressed competency assurance and workforce readiness:

  • Mr. Abiodun Akala, Vice Chairman, discussed the growing shortage of competent drilling personnel, an aging workforce, and the need for structured development programs.
  • Engineer Jude Atebe stressed that competency goes beyond training certificates—requiring practical experience, technical capability, decision-making under pressure, and continuous learning.

Members were recognized for safety excellence and participation in the IADC Incident Statistics Program. Congratulations to Shelf Drilling Nigeria Limited for emerging as the overall winner!

IADC Young Professionals Lineup: AI Workshop, Bowling Social & YP Summit

Source: International Association of Drilling Contractors – IADC

Headline: IADC Young Professionals Lineup: AI Workshop, Bowling Social & YP Summit

The IADC Young Professionals Committee has an exciting lineup of Young Professionals events over the next few months, mixing skill-building, professional development and opportunities to connect outside of the office:

AI Literacy & Prompt Engineering Workshop
Thursday 23 July (8:00 – 10:30am)

Dive into AI fundamentals, prompt engineering, and practical strategies for getting the most out of tools like ChatGPT. This is a free event, but registration is required.
Register Now

Summer Bowling Social
Thursday 13 August 13 (4:00 – 6:00pm)

Trade the field or conference room for the lanes. Bring a teammate (or make a new one) for an evening of bowling, snacks, and casual networking with fellow YPs across the industry. This is a free event, but there are a limited number of spots available and registration is required.
Register Now

Young Professionals Summit
Thursday 24 September (8:00am – 4:00pm)

A full day of panels, peer connections, and career development designed specifically for the next generation of drilling industry leaders. Whether you’re looking to sharpen your skills, expand your network, or just enjoy some time away from the desk with peers who get it, there’s something here for you.
Register Now

Looking forward to seeing you there!