Offshore
News
June 17, 2026
Transocean has secured approximately $185 million in new contract backlog after winning offshore drilling work for the Transocean Norge in Norway and the Transocean Equinox in Australia, extending utilization of its harsh-environment semisubmersible fleet.
News
June 17, 2026
Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex offshore Equatorial Guinea to Panoro Energy for approximately $127 million, using proceeds to reduce debt and focus capital on higher-return assets.
News
June 16, 2026
Chevron has acquired a 70% stake and operatorship in Greece's offshore Block 10 concession, expanding its Eastern Mediterranean exploration portfolio and strengthening its partnership with HELLENiQ ENERGY.
News
June 16, 2026
MOL Group, Repsol and TPAO have signed a production sharing agreement for Libya's offshore O7 block in the Mediterranean Sea, advancing plans for seismic acquisition and deepwater exploration drilling in the North African country.
News
June 15, 2026
Longitude has launched a new real-time FPSO mooring line monitoring platform that combines predictive analytics and integrity management tools, securing its first deployment with a South American offshore operator.
News
June 15, 2026
Innovex has agreed to acquire Norway-based TCO Group for $95 million, adding intervention-free well technology and expanding its presence in key offshore markets including Norway and the UAE.
News
June 15, 2026
VAALCO reported initial production exceeding 8,000 bopd its Ebouri-5H well offshore Gabon and continued drilling success in Egypt as the company advances its 2026 development program.
News
June 15, 2026
BW Offshore has completed a key commissioning milestone for the BW Opal FPSO at the Barossa LNG project, advancing the vessel toward Practical Completion and long-term operations offshore Australia.
News
June 14, 2026
The 7,500-ton jacket for Romania's Neptun Deep project has departed Saipem's Sardinian shipyard, marking a key milestone for the largest offshore natural gas development currently underway in the European Union.
News
June 11, 2026
Ocean Installer has secured a multi-year contract from Equinor for well tie-in and subsea installation work on the Bacalhau field offshore Brazil, marking the company's entry into one of the world's largest subsea markets.
News
June 11, 2026
KONGSBERG and the Ocean Exploration Trust have launched a deepwater mapping expedition in the Central Pacific using the new EM 304 MKII multibeam echo sounder, aimed at improving seabed survey efficiency and advancing offshore mapping technology.
News
June 11, 2026
ABB has been awarded a contract to modernize automation and safety control systems on the Buzzard offshore platform, helping support safe, reliable operations at one of the UK's largest producing North Sea oil fields.
News
June 10, 2026
EnQuest has agreed to acquire interests in four offshore Malaysia production-sharing contracts for up to $833 million, adding approximately 57,400 boed of production and increasing group reserves by 85% as it expands its Southeast Asia portfolio.
News
June 10, 2026
Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil's Campos basin, expanding its partnership with Equinor and strengthening its exploration portfolio in one of the country's key offshore regions.
News
June 09, 2026
Spirit Energy's Morecambe Net Zero CCS project has entered the North Sea Transition Authority's Assess Phase, advancing plans to store up to 1 billion tonnes of CO₂ in depleted gas fields offshore the UK and support industrial decarbonization efforts.
News
June 08, 2026
TMC Compressors will supply marine compressed air systems for two new Van Oord subsea rock installation vessels, supporting offshore infrastructure projects with advanced DP-2 capabilities, multi-fuel engines and reduced-emissions designs.
News
June 08, 2026
Aker BP has increased its ownership stake in the Johan Sverdrup field and will receive an additional 2.2 MMboe over the next two years following a redetermination of partner interests at one of Norway's largest producing oil fields.
News
June 08, 2026
SLB OneSubsea has secured a subsea boosting contract for bp's Thunder Horse development, expanding the operator's use of standardized subsea processing technology across its deepwater Gulf of America portfolio, including Kaskida and Tiber.
News
June 07, 2026
Eni has signed a petroleum exploration, development and production agreement with The Gambia for offshore Block A1, adding 1,300 sq km of deepwater acreage in a hydrocarbon-proven region of the Atlantic margin to its exploration portfolio.
News
June 05, 2026
Sonardyne and AMOG have signed an agreement to develop an integrated subsea asset monitoring service combining underwater monitoring technology and engineering analysis to support offshore moorings, pipelines, risers and asset integrity programs.
News
June 05, 2026
BOURBON has appointed former Subsea7 executive Olivier Blaringhem as chief executive officer, effective Sept. 14, as the offshore services company continues fleet expansion and growth in key offshore markets including West Africa and Guyana.
