Offshore
News
February 25, 2026
Saipem said it will not complete its planned acquisition of the Deep Value Driller drillship after the vessel’s owner decided to proceed with a sale to another buyer, and the company is now considering potential legal action to protect its interests.
News
February 25, 2026
Velesto Energy has secured a $16.5-million drilling contract from Jadestone Energy to deploy the NAGA 8 jackup for infill drilling at the East Belumut field offshore Malaysia, supporting Southeast Asia upstream activity and regional rig utilization.
News
February 25, 2026
The Philippines may consider partnering with China or other foreign investors to advance development of the stalled Reed Bank gas field in the South China Sea, as the country seeks new supply to offset declining output from the Malampaya field.
News
February 24, 2026
Murphy Oil has plugged the Caracal-1X exploration well as a dry hole offshore Côte d’Ivoire but plans to proceed with the Bubale-1X prospect in its three-well West Africa campaign.
News
February 24, 2026
Technip Energies has secured a contract to advance the Coral Norte FLNG project offshore Mozambique, reinforcing the country’s second floating LNG development in the Rovuma basin.
News
February 24, 2026
ExxonMobil says rapid production growth in Guyana is strengthening its hand in negotiations for the next generation of global oil projects as competition for reserves intensifies.
News
February 23, 2026
Seatrium expects more than S$50 million in annual cost savings after divesting non-core yards and marine assets, streamlining its offshore oil and gas portfolio by early 2026.
News
February 23, 2026
ORLEN expands its Norwegian Continental Shelf footprint with new equity in Albuskjell and Vest Ekofisk, advancing the Ekofisk-area PPF project targeting first gas in 2028.
Article
February
Saudi Aramco’s suspension of dozens of jackups continues to reshape the Middle East offshore drilling landscape. This analysis examines how redeployments, cold stacking and shifting investment plans are tightening utilization, pressuring dayrates and redefining global jackup fleet strategy heading into 2026.
Article
February
With FPSO deployment rising in nations like Brazil, there is even greater emphasis on the must-run nature of key equipment on board. For the gas turbines that help provide electrical power, as well as mechanical drive for key equipment far from shore, the critical denominator of performance and reliability is effective combustion air intake filtration.
News
February 20, 2026
Tullow Oil has signed a $205 million agreement to acquire the FPSO serving the TEN fields offshore Ghana, a move expected to reduce lease costs and improve long-term project economics on the Deepwater Tano block.
News
February 20, 2026
Ghana’s parliament has ratified license extensions for the Jubilee and TEN fields through 2040, enabling new drilling and investment plans by Kosmos Energy and partners while supporting higher oil and gas output and domestic gas supply.
News
February 19, 2026
Cameroon has opened bidding for nine upstream oil and gas blocks across the Rio del Rey and Douala/Kribi Campo basins, offering data-rich exploration opportunities near existing production with proposals due by March 30, 2026.
News
February 19, 2026
bp has renewed a long-term offshore operations and maintenance contract covering eight platforms in Azerbaijan’s Caspian Sea, with the agreement potentially exceeding $1 billion and reinforcing long-standing partnerships supporting safe, efficient regional production.
News
February 19, 2026
Chariot plans to raise $20 million to fund Etu Energias’ acquisition of offshore Angola oil assets, gaining exposure to up to 4,000 bopd production.
News
February 18, 2026
Brava Energia has been authorized to proceed with the transfer of a 37.5% stake in Brazil’s offshore Papa-Terra field, subject to arbitration conditions and regulatory approvals including Brazil’s ANP.
News
February 18, 2026
Valaris has secured nearly $900 million in new contract awards and extensions across its global fleet, with fresh drillship work in Angola and Brazil and jackup demand strengthening across Southeast Asia, Australia and the North Sea.
News
February 17, 2026
Saipem has reached an agreement to acquire the Deep Value Driller drillship for $272.5 million, expanding its offshore drilling fleet and strengthening deepwater capabilities.
News
February 17, 2026
The offshore industry is marking the anniversary of the Ocean Ranger disaster, remembering the 84 crew members lost in 1982 and the lasting impact on offshore safety standards worldwide.
News
February 17, 2026
Eni has discovered significant gas and condensate volumes offshore Côte d’Ivoire at the Murene South-1X well in Block CI-501, confirming the potential of the Calao channel complex.
Article
January
Offshore oil rigs combine explosive gas zones with harsh marine conditions, requiring computing systems that meet strict hazardous-area safety standards.
