Offshore
News
December 16, 2025
Subsea7 has secured a substantial subsea installation contract from Chevron Australia for the Gorgon Stage 3 project, covering engineering, fabrication and deepwater installation activities offshore Western Australia, with offshore operations planned for 2028.
News
December 16, 2025
Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade.
News
December 16, 2025
Partners led by ConocoPhillips and Vår Energi have sanctioned the Previously Produced Fields (PPF) redevelopment in Norway’s Greater Ekofisk area, approving up to $1.8 billion in investment to bring new subsea wells online from 2028 and extend production life at the mature hub.
News
December 15, 2025
Seadrill is adding new backlog with contract awards in the U.S. Gulf of America/Mexico and Angola, securing follow-on work for three rigs and extending operations into 2027 while avoiding idle time between campaigns.
News
December 15, 2025
Kongsberg Maritime has expanded its UUC PM azimuth thruster range with two new high-thrust models, boosting propulsion efficiency and flexibility for offshore and marine operations. The latest additions support larger vessels, reduce maintenance downtime, and strengthen lifecycle performance in demanding offshore energy environments.
News
December 15, 2025
International operators are lining up for new acreage across the MSGBC basin, with rising interest in The Gambia, Guinea-Bissau and deepwater frontier zones. As governments update fiscal terms and accelerate de-risking efforts, the region is positioning itself as West Africa’s next exploration hotspot.
News
December 12, 2025
Equinor has extended its long-running IMR agreement with DeepOcean, securing subsea support through 2027 and preparing for the launch of the next-generation Rem Ocean vessel. The renewal marks nearly 30 years of continuous collaboration on the Norwegian Continental Shelf.
News
December 12, 2025
BW Energy has entered Angola with new stakes in Block 14 and 14K, adding immediate production and opening the door to long-term West Africa growth. The Chevron-operated assets deliver 4,000 bopd net and come with material upside and a USD 97.5 million base consideration.
News
December 12, 2025
Harbour Energy will acquire Waldorf Energy’s UK North Sea assets for $170 million, expanding its oil-weighted production and raising its stake in the Catcher field to 90%.
News
December 11, 2025
Chevron has tapped TechnipFMC to supply next-generation Subsea 2.0® production systems—including the first 7-inch subsea tree series—for the Gorgon Stage 3 expansion offshore Australia, reinforcing a two-decade partnership.
News
December 11, 2025
Brazilian oil production is rebounding after platform outages slashed more than 300,000 bpd in November. ANP data shows volumes already recovering, underscoring how output swings from mega-FPSOs can complicate global supply forecasts as OPEC, IEA and major traders diverge on the 2026 market outlook.
News
December 11, 2025
Equinor and partners have approved a NOK 4 billion investment to develop the Isflak discovery—the first tieback to the Johan Castberg hub—adding 46 MMbbl and targeting first oil in 2028 as the Barents Sea project ramps up for long-term growth.
News
December 10, 2025
Viridien has launched a 4,300-sq-km seismic reimaging program over offshore Angola’s Block 22, applying advanced imaging technologies to support the country’s upcoming licensing round and sharpen exploration insight in the Kwanza Basin.
News
December 10, 2025
INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026.
News
December 10, 2025
NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned.
News
December 09, 2025
Shell is reportedly seeking a partner for its Gato do Mato offshore oil project in Brazil as it looks to share the capital burden of a multibillion-dollar deepwater development. The move would allow Shell to remain operator while bringing in additional investment as the project advances toward first production later this decade.
News
December 09, 2025
McDermott has secured an EPCIC contract from PETRONAS Carigali Brunei for a major offshore gas development, covering subsea systems and a gas export pipeline that will support Brunei’s LNG sector.
News
December 09, 2025
TotalEnergies has signed an agreement with Galp to acquire a 40% operated interest in Namibia’s PEL 83 license, including the Mopane discovery, positioning the company as operator of the country’s two largest offshore oil finds and advancing plans for a future producing hub.
News
December 08, 2025
Noble Corporation will sell six jackups in transactions totaling $424 million, exiting the standard jackup market as it shifts strategic focus toward deepwater and ultra-harsh-environment drilling.
News
December 08, 2025
TechnipFMC secured a significant contract to design, manufacture and install flexible risers and flowlines for Ithaca Energy’s Captain field in the UK North Sea, advancing the field’s next phase of production growth.
News
December 08, 2025
A Qatar-based offshore operator has selected Vissim to deploy a digital vessel collision avoidance system, enhancing real-time maritime monitoring and safety at an offshore field under a three-year technology agreement.
