Deepwater
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 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 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
September 29, 2025
Operator LLOG Exploration has achieved first production at the Salamanca Floating Production Unit in the deepwater U.S. Gulf. The facility, located in 6,400 ft of water, marks the first reuse of a former Gulf production unit repurposed for new development.
News
September 29, 2025
bp has reached a final investment decision on the $5 billion Tiber-Guadalupe development, advancing its second new production hub in the U.S. Gulf of America/Gulf of Mexico in less than two years.
News
September 26, 2025
BW Energy is evaluating a potential acquisition of Azule Energy’s non-operated interests in Angola’s Block 14/14K, part of its strategy to expand offshore oil and gas assets, the company stated, while clarifying that no binding agreement has been reached.
News
September 25, 2025
SLB has secured a major Petrobras contract for up to 35 ultra-deepwater wells in Brazil’s Santos Basin Atapu and Sépia fields, deploying advanced electric completions and digital technologies to enhance production and reservoir management.
News
September 24, 2025
ExxonMobil and Petrobras have raised competition concerns over the planned merger of Saipem and Subsea 7 into Saipem7. The companies warn the $21 billion deal could limit subsea pipeline installation options, drive up costs, and reduce supplier diversity in offshore projects.
News
September 19, 2025
Trinidad and Tobago has officially closed its 2025 Deepwater Competitive Bidding Round, launched in January and featuring 26 offshore blocks. CNOOC International submitted bids for three blocks, while the STIT Energy–GROUNDPORTS consortium bid on one.
News
September 17, 2025
TotalEnergies has signed production sharing contracts for four offshore blocks covering 12,700 sq km in the Liberia Basin. The company is planning a 3D seismic survey as it targets new deepwater prospects aligned with its global exploration strategy.
News
September 15, 2025
GATE Energy has been awarded the full commissioning scope for bp’s Kaskida Floating Production Unit (FPU) in the U.S. Gulf. Working with Seatrium, GATE will provide systems completion, dynamic commissioning, and interface coordination for the deepwater project.
News
September 15, 2025
Global OTEC has been selected by the DeepStar consortium, backed by Chevron, ExxonMobil and bp, to study Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations.
News
September 11, 2025
Baker Hughes has secured a major award from Turkish Petroleum (TPAO) and TP-OTC to deliver subsea production systems and intelligent completions for the Sakarya Gas Field Phase 3 in the Black Sea, enhancing Turkiye’s domestic energy production.
News
September 08, 2025
Expro has set a new benchmark for deepwater well construction, achieving the heaviest casing string deployment to-date for a major operator in the Gulf of America/Gulf of Mexico.
News
September 01, 2025
Equinor has selected BW Offshore as preferred bidder for the FPSO unit for the Bay du Nord project offshore Canada. Bay du Nord, Canada's first deepwater project, is operated by Equinor and bp, and holds an estimated 400 million bbls of recoverable light crude in its initial phase.
Article
August 2025
The development of a fully electric subsea blowout preventer significantly improves BOP reliability and performance while reducing weight, wellhead fatigue, emergency disconnect times and OPEX. The full-scale testing of electric shear ram actuators on an 18¾-in BOP at HMH’s electrification lab validates the achievement of such benefits.
Article
August 2025
The Mero-3 FPSO is among the largest deepwater oil production vessels, using advanced technology and engineering to boost oil recovery, cut emissions and improve efficiency in Brazil's Santos basin. Siemens Energy supplied topside modules, power generation, compression and electrical systems, showcasing the importance of FPSOs in global energy and sustainability efforts.
News
August 20, 2025
Strohm has won a contract to supply four TCP Jumpers for installation in a deepwater field offshore Malaysia. The end customer is a major Southeast Asian operator with international exploration projects.
News
August 14, 2025
Tenaris has reached a new technical milestone in offshore Brazil with the successful deployment of corrosion-resistant alloy (CRA) tubulars with its renowned Dopeless® technology in two wells located in the Búzios and Jubarte fields.
News
August 04, 2025
bp today announced its largest discovery in 25 years at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS and discovered hydrocarbons at the Bumerangue block, located in the Santos basin.
News
July 31, 2025
In a first for both the region and the client, Strohm has completed fabrication of the first 13 water alternating gas injection (WAG) thermoplastic composite pipe (TCP) Jumpers for ExxonMobil’s Yellowtail field offshore Guyana.
