Offshore
News
October 15, 2025
Halliburton has secured multiple contracts from Petrobras to deliver completion, stimulation, and safety valve services across Brazil’s deepwater fields. The projects, starting in 2026, will deploy Halliburton’s SmartWell® and EcoStar® technologies.
News
October 14, 2025
Shell and joint venture partner Sunlink Energies have approved development of the HI gas project offshore Nigeria. The H1 field represents a $2 billion investment, according to Nigerian government, and bolsters Shell’s strategy to grow global LNG output through 2030.
News
October 13, 2025
Serica Energy has agreed to buy bp's 32% stake in the Culzean field, the UK’s largest offshore gas producer. The $232 million deal expands Serica’s North Sea portfolio and adds low-cost, low-emission production operated by TotalEnergies.
News
October 13, 2025
Kuwait Oil Co. has announced a major offshore gas discovery at the Jazah field, with initial tests showing 29 MMcf/d of gas and 5,000 bpd of condensate. The find could hold 1 Tcf of gas and 120 million barrels of condensate, marking a key milestone for Kuwait’s offshore exploration.
News
October 13, 2025
Valeura Energy has increased oil production to nearly 25,000 bpd after completing a 10-well drilling campaign at its Nong Yao field in the Gulf of Thailand. The company also advanced its Wassana redevelopment project and confirmed new gas discoveries under its PTTEP farm-in.
News
October 13, 2025
The five-well campaign begins in 2026 and includes options for three more wells, extending the company’s global deepwater activity.
News
October 10, 2025
Beacon Offshore Energy has achieved its target production rate of 100,000 bopd at the Shenandoah field in the U.S. Gulf, just 75 days after first oil, confirming the high operability of the Shenandoah floating production system.
News
October 10, 2025
Equinor is preparing to begin production at its $8 billion Bacalhau project offshore Brazil, following delays at one of the largest deepwater developments in the company’s portfolio. The ultra-deep pre-salt field is expected to produce up to 220,000 bpd.
News
October 09, 2025
Houston-based Sable Offshore Corp. is seeking assistance from the Trump administration to revive crude production offshore Santa Barbara, Calif. The company’s plans to restart pipelines from the Santa Ynez Unit have been delayed by state regulators, prompting consideration of shipping oil by tanker instead.
News
October 09, 2025
Chevron is preparing to drill the Korikori-1 exploration well this month, according to Suriname's state-owned oil company Staatsolie. Drilling is expected to last around 90 days and will target potential hydrocarbon accumulations in the shallow offshore zone of the Suriname-Guyana basin.
News
October 09, 2025
bp has started up production from the Murlach field in the UK North Sea—its sixth major upstream project of 2025. The two-well subsea tieback adds about 15,000 boed in peak output to the ETAP hub, advancing bp’s plan to deliver 10 new oil and gas projects by 2027.
News
October 08, 2025
Shell is preparing to restart development work on Venezuela’s offshore Dragon gas field, a key step toward resuming natural gas exports to Trinidad and Tobago, pending U.S. authorization expected in the coming weeks.
News
October 08, 2025
ABB will deliver automation and electrification systems for SwitcH2’s floating green ammonia FPSO off Portugal, designed to produce 243,000 tons annually from renewable power.
News
October 07, 2025
Allseas has awarded Able Group contracts to dismantle, reuse, and recycle two of TAQA UK’s most significant North Sea platforms — Cormorant Alpha and Tern — marking one of the largest decommissioning projects ever undertaken in the region.
Article
September 2025
Innovative chemistry and customized approaches can overcome critical challenges, from severe corrosion in high-stress environments to sudden and unexpected scale formation in high-temperature “dry” production wells, extending equipment life and ensuring production reliability, even in the most demanding environments.
News
October 06, 2025
Forum Energy Technologies (FET) has secured a contract from long-term client DOF for the delivery of a work-class remotely operated vehicle (ROV) and tether management system to support subsea operations offshore Brazil.
News
October 03, 2025
Transocean Ltd. has announced new contract fixtures totaling $243 million in firm backlog for two ultra-deepwater drillships. bp exercised a 365-day option for the Deepwater Atlas in the U.S. Gulf, while Petrobras exercised a 30-day option for the Deepwater Mykonos offshore Brazil.
News
October 03, 2025
QatarEnergy has signed an agreement with Shell to acquire a 27% participating interest in the North Cleopatra offshore block in Egypt’s Herodotus Basin. Pending government approval, Shell will remain operator with 36%, alongside Chevron (27%) and Tharwa Petroleum (10%).
News
October 03, 2025
Angola’s National Oil, Gas & Biofuels Agency (ANPG) aims to award 60 oil and gas concessions by the end of 2025, building on 50 already allocated since 2019 through licensing rounds and direct negotiations.
News
October 02, 2025
Eni has approved the $7.2 billion Coral Norte floating LNG project offshore Mozambique, which will add 3.6 million tons per year of LNG capacity and double the country’s production. Set to start in 2028, Coral Norte positions Mozambique as Africa’s third-largest LNG producer after Nigeria and Angola.
News
October 02, 2025
TotalEnergies has signed a farm-down agreement with CarbonVault for Denmark’s Bifrost Carbon Capture and Storage project in the North Sea, holding a 45% operator stake alongside CarbonVault (35%) and Nordsøfonden (20%).
