Offshore
News
May 13, 2026
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential.
News
May 12, 2026
Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction.
News
May 12, 2026
Ned Marine has launched drone and subsea ROV inspection services for offshore and marine assets, expanding its NDT capabilities with remote technologies designed to reduce downtime, improve safety and accelerate vessel and infrastructure inspections.
News
May 12, 2026
OEG has secured a multi-million-dollar long-term contract extension to support offshore drilling operations in Australia’s Bass Strait, including the supply, maintenance and servicing of certified offshore cargo carrying units through the expected end of field life in 2036.
News
May 12, 2026
Etu Energias and partners successfully completed the Espadarte 7ST2 appraisal well in Angola’s Lower Congo basin, with initial testing delivering stabilized production rates between 2,000 and 2,500 bopd and confirming multiple productive reservoir intervals offshore.
News
May 11, 2026
Shell has selected New Wave Offshore Energy to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos basin, supporting transportation, installation and offshore risk management activities for the deepwater development.
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 10, 2026
Venezuela renewed its territorial claim over Guyana’s oil-rich Essequibo region at the International Court of Justice as offshore developments led by ExxonMobil remain central to the dispute.
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 08, 2026
OTC 2026 wrapped up in Houston after four days of discussions focused on offshore growth, energy security and emerging technologies, as global supply disruptions continue to reshape industry priorities.
News
May 07, 2026
BW Offshore has extended the FPSO BW Catcher contract through the end of 2030, adding approximately $490 million in operating cash flow backlog and improving redeployment flexibility.
News
May 06, 2026
Equinor has started production from the Eirin field in the North Sea, adding new gas volumes to Europe through a subsea tieback to the Gina Krog and Sleipner infrastructure.
News
May 05, 2026
Subsea tiebacks were a clear Day 1 theme at OTC, with speakers pointing to their growing appeal as operators prioritize lower-capex, faster-to-market offshore developments in a volatile global market.
News
May 05, 2026
INEOS and Shell are advancing new deepwater exploration and development opportunities near the Appomattox platform in the U.S. Gulf, targeting tieback projects to existing infrastructure.
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
Guyana’s President took the stage at OTC’s opening session—but instead of highlighting the country’s booming oil output, his wide-ranging remarks on energy transition, financing and “global energy balance” left attendees searching for a clearer message.
News
May 04, 2026
Unique Group is expanding its subsea mechanical division with new systems for offshore decommissioning, installation and construction, including excavation, cutting and recovery technologies.
