Deepwater
News
May 11, 2026
Deepwater projects, LNG infrastructure and gas-to-power investments are expected to drive Africa’s next energy growth cycle, as S&P Global analysts warn the continent’s biggest challenge is no longer resource potential, but execution and infrastructure delivery.
News
May 11, 2026
Seadrill added more than $860 million to its offshore drilling backlog during first-quarter 2026, driven by new deepwater rig awards in Brazil, the U.S. Gulf and Angola as the company raised its full-year outlook amid strengthening offshore demand.
News
May 11, 2026
DOF Group ASA has secured nearly $2 billion in long-term Petrobras contracts for four new ROV support vessels supporting subsea inspection, maintenance and repair operations in Brazil’s deepwater offshore market.
News
May 08, 2026
Welligence COO Ivan Cima says deepwater is poised for renewed growth as global exploration spending slumps. Speaking at OTC 2026, Cima highlighted ultra-deepwater trends, FPSO standardization and the growing debate around offshore electrification.
News
May 08, 2026
Shell has awarded Audubon an exclusive engineering and procurement contract supporting brownfield topside projects across its deepwater U.S. Gulf assets, with work focused on production optimization, maintenance and asset-life extension.
News
May 05, 2026
Weatherford has secured managed pressure drilling contracts and a global aftermarket agreement with Noble, including MPD system deployments for offshore operations in Guyana and Nigeria.
News
May 05, 2026
Baker Hughes and Strohm are developing a hybrid flexible pipe for ultra-deepwater flowline and riser applications, targeting reduced weight and improved installation efficiency.
News
May 04, 2026
Helix Energy Solutions has sold its shallow water abandonment business to the Chouest Group for $107.5 million, sharpening its focus on deepwater well intervention and offshore services.
Article
April
SBM Offshore’s Group Business Development director is very enthusiastic about the market ahead for FPSO construction and operation, given the plethora of deepwater projects expected, not only in established markets like Brazil, Guyana and West Africa, but in places like Suriname, Namibia and others.
News
April 23, 2026
A new joint venture between PetroGuin and Tender Oil and Gas will advance seismic work and exploration in Guinea-Bissau’s deepwater offshore blocks, signaling renewed investor interest in the basin.
News
April 23, 2026
Helix Energy Solutions and Hornbeck Offshore Services will combine in an all-stock deal to create an integrated deepwater offshore services company with expanded vessel and subsea capabilities.
News
April 23, 2026
Major oil companies are increasing deepwater exploration investment as the industry faces a 300-billion-barrel supply gap by 2050, according to new analysis from Wood Mackenzie.
News
April 21, 2026
Saipem has secured early-stage SURF work on ExxonMobil’s Longtail project offshore Guyana, signaling continued momentum in one of the world’s fastest-growing deepwater basins.
News
April 16, 2026
Transocean has secured a $158 million contract for its Deepwater Asgard drillship in the Eastern Mediterranean, supporting a five-well campaign set to begin in late 2026. The award adds to a wave of recent backlog growth as offshore drilling activity strengthens globally.
News
April 15, 2026
Stena Drilling has secured a contract from Energean to drill the first deepwater exploration well offshore Greece, targeting Block 2 in the Ionian Sea with the Stena DrillMAX rig.
News
April 14, 2026
Transocean has secured a $445 million contract extension with Petrobras for the Deepwater Corcovado drillship, extending operations offshore Brazil through 2030.
News
April 13, 2026
Petrobras has confirmed a hydrocarbon discovery in a pre-salt exploration well in Brazil’s Campos basin, with further analysis underway to evaluate reservoir and fluid characteristics.
News
April 12, 2026
Türkiye has launched its first overseas offshore drilling campaign, deploying the Çağrı Bey drillship to drill the Curad-1 ultra-deepwater well offshore Somalia, targeting a potential oil discovery.
News
April 09, 2026
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development.
News
April 09, 2026
SLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah field in the Gulf of Mexico, supporting enhanced recovery in a deepwater development.
Article
April
The main message from World Oil’s Deepwater Development Conference was that the industry has tended to optimise capex spend and delivery of first oil, often at the expense of following decades. As deepwater projects become increasingly more challenging, designing systems for remote operations reduces safety risk and crewed intervention costs over field life. With continual improvement in data processing and AI, tangible savings are likely.
