Offshore
News
July 09, 2025
The NATO Innovation Fund and Investinor will pay $14 million for a stake in Kongsberg Ferrotech, enabling the startup to scale up production of its submersible robot. The first machine already is currently deployed for offshore oil and gas operations in Abu Dhabi.
News
July 09, 2025
Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.
News
July 09, 2025
Hess will relinquish Block 59 in offshore Suriname effective July 8, 2025. The block will return to Staatsolie and become part of the open acreage. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, Staatsolie said in a statement.
Article
June 2025
As Canada’s only active offshore oil and gas province, Newfoundland & Labrador has plenty of potential for additional reserves and development. The question is how much and how fast that potential can be realized.
Article
June 2025
Maritime Developments Limited (MDL) is reinventing offshore SURF decommissioning with its Wheeled Horizontal Lay System (WHLS)—an innovative, portable solution that overcomes deepwater recovery challenges by reducing friction and tension through wheel-based design, enabling safer, more efficient and sustainable operations.
News
July 08, 2025
Forum Energy Technologies (FET) has appointed OGEQUIP to represent its subsea operations in Brazil, further strengthening FET’s position in South America. Under the partnership, OGEQUIP will deliver FET’s Subsea Technologies product line business development, technical and administrative support.
News
July 08, 2025
African E&P Petralon Energy is on track to boost Nigerian crude production by a further 2,500 bpd, following drilling activities at the Dawes Island field. The company has recently completed a new well at the field aligning with plans to maximize output at the field.
News
July 08, 2025
JDR Cable Systems (JDR) has secured a significant service contract by Larsen & Toubro (L&T), through which JDR will test 14 umbilical cables for offshore platforms in the Middle East, covering two major work scopes across multiple offshore platforms.
News
July 08, 2025
Gabon’s newly-appointed Minister of Oil & Gas has committed to unlock new resources across the country’s oil and gas sector but shifting focus towards deepwater exploration.
News
July 07, 2025
Draeger Marine & Offshore (DMO) has supplied equipment to support the UK’s first CO2 injection test for carbon capture and storage (CCS). The gas monitoring equipment is being used to ensure safe operations aboard Petrodec’s ERDA rig in the North Sea.
News
July 07, 2025
Valaris has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, the company announced. The combined addition to contracted revenue backlog is approximately $760 million.
News
July 07, 2025
McDermott has been awarded a sizeable* offshore transportation and installation contract by BRAVA Energia, an independent oil and gas company in Brazil, for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin.
News
July 04, 2025
U.S. oil and gas company VAALCO Energy is refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast, African Energy Chamber announced. The modernization is set to increase production and extend the field’s economic life.
News
July 04, 2025
Subsea7 has secured a sizeable contract for offshore Egypt to conduct engineering, procurement, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures.
News
July 03, 2025
Longitude Engineering has landed a contract to provide detailed engineering and project management services for Petroleum Marine Services (PMS), the main EPIC contractor for the Phase XI Deepwater Project of the West Delta Deep Marine (WDDM) concession.
News
July 03, 2025
Seatrium has been awarded a Floating Storage Regasification Unit (FSRU) conversion contract from Kinetics, an energy transition initiative by Karpowership. The project involves the conversion of an LNG carrier (LNGC) into an FSRU named LNGT Turkiye.
News
July 02, 2025
DNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.
News
July 01, 2025
Equinor and Aker BP are investing NOK 13 billion (~$1.29 billion USD) in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).
News
June 30, 2025
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility in the Gulf of America/Gulf of Mexico — the Shenandoah floating production system.
News
June 30, 2025
Petrobras has awarded Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil. The contracts will see an expansion of Fugro’s remote operations capabilities, including the remote piloting of ROVs.
News
June 27, 2025
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America/Gulf of Mexico, slated to offer nearly 80 million acres for oil and gas development.
