Offshore
News
May 06, 2025
Valaris Limited has agreed to sell its jackup VALARIS 247 to BW Energy for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025. The VALARIS 247 is a 27-year-old jackup rig currently operating offshore Australia.
News
May 06, 2025
SLB announced at OTC Day 2 the launch of Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset.
News
May 06, 2025
Sentinel Subsea has successfully completed a six-figure project involving deploying two WellSentinel™ Coral systems for a key operator in the North Sea. This project supports a large-scale drilling operation and is a significant milestone in the company’s ongoing efforts to enhance offshore safety and operational efficiency.
News
May 06, 2025
ABS and Akselos S.A. have announced the joint completion of technical assessment for structural digital twin technology. This marks a significant advancement in the application of digital twin technology for FPSO units, enabling more accurate and reliable assessments of structural integrity.
News
May 05, 2025
(WO) – Day one of OTC 2025 kicked off Monday, May 5, in Houston, Texas. Offshore innovations and industry priorities in the current economic and geopolitical climate led much of the discussion on day one, exemplified in a panel on electrification.
News
May 05, 2025
BW Energy has reached final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO.
News
May 05, 2025
STR, a provider of advanced sensor technology, has strengthened its global offering by entering into a partnership with SubC Imaging, an original equipment manufacturer (OEM) of subsea cameras, digital video recorder products and data-as-a-service provider.
News
May 05, 2025
Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approximately $135 million, including upfront payments for rig upgrades and mobilization.
News
May 02, 2025
Subsea7 has secured a super-major contract1 with Petrobras for the development of the Búzios 11 field located approximately 180 kilometers off the coast of the state of Rio de Janeiro, Brazil, at 2,000 meters water depth in the pre-salt Santos basin.
News
May 02, 2025
Golar LNG has reached final investment decision (FID) for the 20-year re-deployment charter of the FLNG Hilli Episeyo (FLNG Hilli). The vessel will be chartered to Southern Energy S.A. (SESA), offshore Argentina, to monetize gas from the Vaca Muerta shale formation.
Article
April 2025
Technology is creating opportunities to optimize operations and improve maintenance, to extend the operational window of aging drillships. The American Bureau of Shipping (ABS) knows a thing or two about drillships, having a dominant position in the market of providing classification services to two-thirds of the global fleet.
News
May 02, 2025
Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for $3.5 billion USD. Peregrino is a heavy oil field consisting of a FPSO platform supported by three fixed platforms. Equinor has been operating the field since 2009, with around 300 million barrels of oil being produced by the asset since.
News
May 01, 2025
The dedicated CO₂ carrier currently under construction at Royal Niestern Sander shipyard in the Netherlands is a cornerstone in Project Greensand’s mission to deliver EU’s first full-scale carbon capture and storage (CCS) value chain.
News
May 01, 2025
Cairn Oil & Gas is partnering with Electromagnetic Geoservices (EMGS), to acquire a 3D Controlled Source Electro-magnetic (CSEM) survey for its exploration campaign in the deepwater Krishna-Godavari block off India's East coast.
News
April 29, 2025
CNOOC has led Beijing’s efforts to boost oil and gas output and bolster energy security, and its focus on extraction helped deliver near-record annual profits last year. But that dependence on upstream prices was a burden in Q1 2025.
News
April 29, 2025
Subsea7 and SLB OneSubsea have secured a substantial engineering, procurement, construction and installation (EPCI) contract for bp's Ginger project, offshore Trinidad and Tobago. bp’s Ginger development is located off the southeast coast of the island of Trinidad, at water depths of up to 90 meters. First gas is targeted for 2026.
Article
April 2025
Managing custom HPUs efficiently is key to reducing downtime and ensuring safety in offshore drilling. Learn how comprehensive support can keep your operations competitive and reliable.
Article
April 2025
Everything and anything that ensures the oil and gas industry’s focus on health safety standards offshore remains laser-sharp is well worth doing. We’re all only too aware of the tragic consequences that can occur when complacency creeps in, and distractions cloud judgement.
News
April 25, 2025
CHC Helicopter (CHC) has signed a Memorandum of Understanding (MoU) with Namibian aviation operator Court Helicopters. The agreement outlines both parties’ intent to explore a strategic collaboration to search and rescue (SAR) and crew change solutions in Namibia.
News
April 25, 2025
Ecopetrol S.A. has initiated a joint plan to determine the best alternative to ensure the continuity of the projects in the Southern Caribbean following Shell's decision to withdraw from its offshore assets in said region.
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.
