Production
News
February 04, 2026
Equinor expects oil production from the Johan Sverdrup field — the North Sea’s largest producing asset — to decline by 10% to 20% in 2026, marking a turning point for one of Europe’s most important sources of supply growth.
News
February 03, 2026
Akrake Petroleum has completed drilling of the AK-2H horizontal production well at the Sèmè field offshore Benin, encountering oil-saturated sandstone with no water contact and reservoir quality in line with expectations.
News
January 22, 2026
McDermott has been awarded a major EPCI contract by ADNOC for the Nasr-115 Expansion Project offshore the UAE, supporting increased Al Nasr field production capacity to 115,000 bpd by 2027.
News
January 16, 2026
New Scotland-wide polling shows strong public support for full North Sea oil and gas development, highlighting concerns over jobs, imports, and UK energy security.
News
January 08, 2026
Equinor has awarded long-term framework agreements worth about NOK 100 billion ($9+ billion) to Norwegian suppliers, underpinning maintenance, modification and recovery activity across the Norwegian Continental Shelf.
Article
December 2025
Norway’s election results reaffirm strong national support for oil and gas, positioning the Labour government to expand licensing and safeguard long-term natural gas exports.
News
January 02, 2026
Petrobras has started production at Búzios 6 with FPSO P-78, adding up to 180,000 bpd of oil and boosting gas supply from Brazil’s pre-salt.
News
January 02, 2026
Chevron has delivered first oil from its South N’dola platform offshore Angola, bringing new production online in Block 0 through a tieback to existing offshore infrastructure.
News
December 22, 2025
CNOOC has started production at the Xijiang 24 offshore oil project in the Pearl River Mouth basin, targeting peak output of 18,000 boed in 2026.
News
December 17, 2025
SBM Offshore has signed a contract extension to continue leasing and operating the FPSOs Mondo and Saxi Batuque on Angola’s Block 15 through 2032, with life-extension and refurbishment work set to begin in 2026.
News
December 17, 2025
Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments.
News
December 16, 2025
Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade.
News
December 12, 2025
Harbour Energy will acquire Waldorf Energy’s UK North Sea assets for $170 million, expanding its oil-weighted production and raising its stake in the Catcher field to 90%.
News
December 11, 2025
Brazilian oil production is rebounding after platform outages slashed more than 300,000 bpd in November. ANP data shows volumes already recovering, underscoring how output swings from mega-FPSOs can complicate global supply forecasts as OPEC, IEA and major traders diverge on the 2026 market outlook.
News
November 24, 2025
A new drilling surge is underway in the U.S. Gulf, as Beacon Offshore starts up record-setting high-pressure wells that could reshape long-term U.S. deepwater production.
News
November 20, 2025
Altera Infrastructure says Aberdeen’s deep offshore expertise is driving rapid progress at Ivory Coast’s Baleine field, where the Petrojarl Kong FPSO reached first oil in just 24 months and now supports growing local content and lower-emission operations.
News
November 17, 2025
A 40,000-bopd FPSO with 1.1 MMbbl storage—Tamara Tokoni—is now available offshore West Africa for rapid redeployment. The unit offers operators a near-term option to accelerate field development timelines with existing topsides capacity and flexible mooring configurations.
News
November 10, 2025
TMC Compressors has been awarded a contract by MODEC to supply a marine compressed air system for the Gato do Mato FPSO offshore Brazil, part of the Shell-operated Orca Project, which will produce 120,000 bopd in 2,000 meters of water.
News
November 07, 2025
Petrobras will begin production from the P-78 FPSO at Brazil’s Buzios field in December, expanding output from the world’s largest deepwater oil field. The new platform adds 180,000 bopd of capacity, supporting Petrobras’s continued growth in pre-salt production.
News
November 06, 2025
DNO reported record Q3 revenue and profit, boosted by higher North Sea and Kurdistan output, and launched a fast-track plan for its Kjøttkake tie-back project.
News
October 30, 2025
Shell plc delivered adjusted earnings of $5.4 billion and cash flow from operations of $12.2 billion in Q3 2025, supported by record output from deepwater assets in Brazil and the Gulf of America and robust LNG trading results.
