Deepwater
News
April 09, 2026
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development.
News
April 09, 2026
SLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah field in the Gulf of Mexico, supporting enhanced recovery in a deepwater development.
Article
April
The main message from World Oil’s Deepwater Development Conference was that the industry has tended to optimise capex spend and delivery of first oil, often at the expense of following decades. As deepwater projects become increasingly more challenging, designing systems for remote operations reduces safety risk and crewed intervention costs over field life. With continual improvement in data processing and AI, tangible savings are likely.
News
April 06, 2026
Valaris extends its DS-4 drillship contract with Petrobras offshore Brazil, adding $447 million in backlog and securing deepwater work into 2030.
News
April 02, 2026
Transocean adds $1 billion in backlog through Brazil deepwater drillship extensions and a Norway semisubmersible contract, while accelerating debt reduction.
News
April 02, 2026
Constellation extends key offshore drilling contracts with Petrobras, adding $1.1 billion in backlog and securing long-term utilization for deepwater rigs in Brazil.
News
March 25, 2026
Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater exploration opportunities and growing interest in West Africa’s emerging upstream sector.
News
March 25, 2026
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field.
News
March 24, 2026
Strohm has secured a contract to supply insulated thermoplastic composite pipe (TCP) production jumpers for a deepwater field extension offshore Malaysia, highlighting growing adoption of corrosion-resistant subsea infrastructure in Southeast Asia.
Article
March
While geopolitical turmoil and shale headwinds dominate headlines, deepwater is quietly surging. In this month’s column, editor-in-chief Kurt Abraham recaps World Oil’s Deepwater Development Conference, where operators and contractors pointed to rising activity, stronger production growth and a robust project pipeline.
News
March 19, 2026
Trendsetter Vulcan Offshore has deployed a tethered BOP system in the U.S. Gulf to reduce wellhead fatigue in soft seabed conditions, supporting safe deepwater operations and improving stability during critical completion activities.
News
March 18, 2026
Petrobras has confirmed a new deepwater gas discovery at the Copoazu-1 well in Colombia’s offshore GUA-OFF-0 Block, expanding the region’s gas potential and supporting long-term energy supply through continued exploration activity.
News
March 18, 2026
Eni has taken final investment decisions on two deepwater gas hub developments offshore Indonesia, targeting production of up to 2 Bcf/d and 90,000 bpd of condensate, supporting domestic supply and LNG exports via existing infrastructure.
News
March 17, 2026
SLB OneSubsea has secured an integrated EPC contract from CNOOC to deliver subsea production systems for the Kaiping 18-1 deepwater field in the South China Sea, supporting a 20-well development using standardized subsea technologies.
News
March 13, 2026
The U.S. Interior Department has approved bp's Kaskida deepwater development in the Gulf of America/Gulf of Mexico. The project, expected to begin production in 2029, could unlock an estimated 275 MMbbl of oil from bp’s Paleogene discoveries.
News
March 12, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference wrapped up its highly successful three-day stand in Lisbon on Thursday. The final day featured a keynote address, one panel solo speakers, and three themed technical sessions. The participants were a good combination of operators and service companies.
News
March 12, 2026
Gas injection has begun on the Petrobras P-78 FPSO at the Búzios field offshore Brazil, marking another milestone for one of the largest deepwater developments in the Santos basin.
News
March 11, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference continued in high gear in Lisbon on Wednesday, featuring a Contractors’ Panel, two solo speakers, and three themed technical sessions. The participants represented a wide mix of service companies and operators.
News
March 10, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference got off to a roaring start in Lisbon on March 10, featuring an operator’s panel, two solo speakers, and a case studies/lessons learned session. The participants represented a wide mix of operators, service companies and a market analyst.
News
March 09, 2026
The Deepwater Development Conference in Lisbon kicks off this week as global deepwater activity accelerates, with World Oil data showing drilling in key basins expected to rise more than 20% this year. Industry leaders from Petrobras, Eni, Woodside and others will discuss the next wave of deepwater exploration, subsea technology and offshore production growth.
