Deepwater
News
February 20, 2026
Tullow Oil has signed a $205 million agreement to acquire the FPSO serving the TEN fields offshore Ghana, a move expected to reduce lease costs and improve long-term project economics on the Deepwater Tano block.
News
February 20, 2026
Ghana’s parliament has ratified license extensions for the Jubilee and TEN fields through 2040, enabling new drilling and investment plans by Kosmos Energy and partners while supporting higher oil and gas output and domestic gas supply.
News
February 18, 2026
Brava Energia has been authorized to proceed with the transfer of a 37.5% stake in Brazil’s offshore Papa-Terra field, subject to arbitration conditions and regulatory approvals including Brazil’s ANP.
News
February 17, 2026
Saipem has reached an agreement to acquire the Deep Value Driller drillship for $272.5 million, expanding its offshore drilling fleet and strengthening deepwater capabilities.
News
February 12, 2026
SLB has secured multiple offshore drilling and well services contracts from Mubadala Energy for the Tangkulo deepwater gas development offshore Indonesia, with first gas targeted by 2028.
News
February 11, 2026
MOL Group has entered Libya’s upstream sector through a joint venture with Repsol and TPAO to explore the deepwater O7 offshore block in the Mediterranean, marking its latest international expansion and strengthening North Africa exploration activity.
News
February 11, 2026
Harbour Energy has completed its $3.2-billion acquisition of LLOG Exploration, establishing a major deepwater position in the U.S. Gulf of America and adding oil-weighted production with growth to 70 MMbpd expected by 2028.
News
February 06, 2026
TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio.
News
February 05, 2026
Beacon Offshore’s Shenandoah field is demonstrating how advanced engineering and production chemistry are enabling reliable output from ultra-high-pressure, deepwater reservoirs. Rapid ramp-up and stable early performance highlight new benchmarks for HPHT development in the U.S. Gulf.
News
February 03, 2026
Tenaris has secured new contracts supporting Phase 3 development of Türkiye’s Sakarya gas project, one of the Black Sea’s most technically demanding ultra-deepwater fields. The awards advance drilling, flow assurance and production infrastructure as the project moves toward scaled offshore gas output in water depths exceeding 2,000 m.
News
January 28, 2026
Africa is expected to remain the world’s most active region for high-impact oil and gas exploration drilling in 2026, driven by continued interest in ultra-deepwater and frontier basins, according to new analysis from Rystad Energy.
News
January 23, 2026
Shell and partners are evaluating development of Nigeria’s Bonga South West deepwater oil field, a project that could attract up to $20 billion in investment and deliver peak production of 220,000 bpd from an estimated 820 million barrels of reserves.
News
January 15, 2026
TotalEnergies has partnered with BluEnergies to advance seismic reprocessing and subsurface studies across the Harper basin fan play offshore Liberia.
News
January 08, 2026
GEOLOG has acquired Quad Ltd and QO Inc., expanding its global wellsite geology, pore pressure and fracture gradient services to support complex drilling, HPHT and deepwater operations worldwide.
News
December 31, 2025
Gabon is advancing major energy-sector reforms aimed at boosting upstream investment, separating its hydrocarbons framework into new oil and gas codes and unlocking deepwater potential. Growing production, offshore exploration agreements with bp and ExxonMobil, and LNG megaprojects position Gabon as a rising player in Africa’s oil and gas landscape.
News
December 22, 2025
Harbour Energy has agreed to acquire deepwater operator LLOG for $3.2 billion, entering the U.S. Gulf and adding long-life, oil-weighted offshore assets.
News
December 22, 2025
Shell and INEOS Energy have made a new oil discovery in the Gulf of America after confirming high-quality oil at the Shell-operated Nashville well in the deepwater Norphlet play.
News
December 15, 2025
International operators are lining up for new acreage across the MSGBC basin, with rising interest in The Gambia, Guinea-Bissau and deepwater frontier zones. As governments update fiscal terms and accelerate de-risking efforts, the region is positioning itself as West Africa’s next exploration hotspot.
News
December 09, 2025
Shell is reportedly seeking a partner for its Gato do Mato offshore oil project in Brazil as it looks to share the capital burden of a multibillion-dollar deepwater development. The move would allow Shell to remain operator while bringing in additional investment as the project advances toward first production later this decade.
News
December 08, 2025
Noble Corporation will sell six jackups in transactions totaling $424 million, exiting the standard jackup market as it shifts strategic focus toward deepwater and ultra-harsh-environment drilling.
News
November 25, 2025
Seatrium has secured its second deepwater FPU contract from bp, winning the Tiber project in the U.S. Gulf. Leveraging a series-build approach and lessons from the Kaskida unit, the Tiber FPU will deliver 80,000 bpd from Keathley Canyon using fully integrated, single-lift topsides.
