Offshore
News
April 24, 2025
Decom Engineering has announced a promising start to 2025 with contracts valued at more than £2 million ($2.66 million USD) secured in the first quarter, positioning the subsea cutting specialist for further international growth.
News
April 23, 2025
Vantage Drilling has secured a contract with an undisclosed operator for its Platinum Explorer deepwater drillship with a 90-day validity period. The contract is valued at $80 million with an anticipated 260 days required to render the campaign.
News
April 22, 2025
BW Energy has discovered substantial oil reserves at its Bourdon prospect, offshore Gabon. CEO Carl Arnet noted that the appraisal well confirms potential for a new development of at least four producing wells.
News
April 21, 2025
MODEC has secured a contract from ExxonMobil Guyana to deliver the Hammerhead FPSO, with initial design work underway and production capacity set at 150,000 barrels per day pending regulatory approval.
News
April 21, 2025
Chevron and TotalEnergies have launched production at the Ballymore project in the deepwater Gulf of Mexico/Gulf of America, a tieback expected to deliver up to 75,000 barrels per day. The field connects to the Blind Faith platform and marks Chevron’s first development in the Norphlet trend.
News
April 18, 2025
bp Plc started liquefied natural gas shipments from the Greater Tortue Ahmeyim project off Senegal and Mauritania, bolstering global supplies following a halt to Russian gas transit via Ukraine. The $4.8 billion project is expected to produce about 2.4 million tons of LNG a year.
News
April 18, 2025
The National Ocean Industries Association issued a statement after U.S. Secretary of the Interior Doug Burgum announced the next steps in a new offshore oil and gas leasing program.
News
April 15, 2025
MODEC, a leading floating solutions provider in the global FPSO industry, has opened its new execution center in Kuala Lumpur, affirming its commitment to Malaysia as a strategic hub for regional business operations and innovation.
News
April 14, 2025
Brazil’s oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer Petrobras has faced a years-long dispute with environmental authorities to start drilling. According to the ANP, 31 companies are registered and able to bid, including Petrobras, ExxonMobil, Shell, Chevron, Equinor and bp.
News
April 14, 2025
EnerMech has been awarded a three-year cranes and lifting services contract for the Anasuria floating production storage and offloading (FPSO) vessel, located 127km east of Aberdeen in the central North Sea.
News
April 14, 2025
Öresundskraft and INEOS will jointly investigate the opportunity to store up to 210,000 tonnes of CO₂ annually from Sweden in Denmark. The captured CO₂ is planned for safe and permanent storage in Greensand storage facility located in the Danish North Sea.
News
April 14, 2025
BW Energy has made its final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 bpd of incremental oil production from 2027 at the Golfinho field offshore Brazil.
News
April 14, 2025
bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. This discovery underscores bp's renewed focus on upstream exploration, part of its strategy reset announced in February 2025. Chevron co-owns the Far South prospect with 42.5% interest.
News
April 11, 2025
Energy NL, Canada's energy industry association, has issued a statement with details on its Budget 2025. CEO Charlene Johnson announced $90 million to be allocated over three years for offshore oil and gas exploration.
News
April 10, 2025
Perenco has completed the UK’s first CO2 injection test for Carbon Capture and Storage (CCS). The test involved the injection of CO2 into a depleted natural gas reservoir in the North Sea, marking a major milestone for Project Poseidon and decarbonization in the UK.
News
April 10, 2025
OEG Energy Group has officially unveiled GEOBASE, the offshore industry’s first dedicated vessel dimensional control assurance solution for survey and positioning systems onboard ships and subsea vehicles to feature calibration software.
News
April 10, 2025
Miros, an industry leader in real-time ocean insights for maritime and offshore operations, has made a significant update to its Oil Spill Detection (OSD) system. The latest version of the Miros OSD now features cloud-enabled capabilities.
News
April 09, 2025
SBM Offshore has signed a sale and leaseback financing agreement for FPSO Cidade de Paraty for $400 million (USD) with a tenor of 8 years. Under the agreement, the special purpose company will transfer ownership to four Chinese leasing companies.
News
April 08, 2025
Shell Offshore Inc. (Shell), a subsidiary of Shell plc, today announced the start of production at Dover, the second subsea tieback connecting new wells to the existing infrastructure of the Shell-operated Appomattox production hub in the Gulf of America/Gulf of Mexico.
News
April 08, 2025
SPIE Global Services Energy, a subsidiary of SPIE, has announced the signing of a five-year contract with Sonangol Exploração & Produção for the general maintenance of the Block 3/05 oil complex in Angola.
News
April 07, 2025
TGS has been awarded a shallow water ocean bottom node (OBN) acquisition contract in Trinidad. The 3D baseline contract is scheduled to commence in early Q3. The total duration of the survey is approximately 80 days.
