Offshore
News
August 07, 2025
Yinson Production has acquired the $409 million FPSO Atlanta loan from Brava Energia in a $257 million cash deal, reinforcing its ownership position following first oil in December 2024.
Article
July 2025
A year ago, the Suriname-Guyana basin’s outlook for hydrocarbons seemed straightforward: "deploy one FPSO annually, exceed nameplate capacity, and repeat." However, there are non-hydrocarbon factors that today could significantly influence the region, even before Suriname’s first oil.
News
August 05, 2025
Perenco Brazil has completed its acquisition of the Cherne and Bagre concessions from Petrobras. The acquisition includes two fixed platforms previously hibernated and scheduled for decommissioning by Petrobras. Perenco is targeting 15,000 bpd mid-term production from the concessions.
News
August 04, 2025
bp has successfully started up its Argos Southwest Extension project, the first in a series of new projects planned in the Gulf of America/Gulf of Mexico over the next five years. The project adds 20,000 boed of production at the existing Argos platform.
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
August 01, 2025
Apus Energy has entered West Africa’s offshore frontier in Guinea-Bissau. With high-impact drilling now underway, the company is set to bring fresh momentum and investor attention to one of the region’s most underexplored hydrocarbon basins.
News
July 31, 2025
Ivory Coast and Eni SpA signed a contract for the acquisition of a new offshore oil-exploration block, according to minutes from a cabinet meeting. The deal has a duration of three years in the first phase and includes a minimum $20 million investment.
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.
News
July 31, 2025
The review comes as Namibia pursues first oil production from its Orange Basin discoveries by 2029 and is geared towards strengthening the competitiveness of investing in the country’s upstream petroleum sector.
News
July 31, 2025
EnerMech has been awarded a two-year contract extension by bp Trinidad & Tobago to continue providing crane operations on the operator’s 12 offshore platforms in the Caribbean country.
News
July 31, 2025
The ES valves are currently being piloted in live operating conditions at Upper Zakum and Das Island - key production fields with high operational and environmental expectations. Conducted in both onshore and offshore environments, the pilot aims to eliminate fugitive emissions.
News
July 30, 2025
Woodside will assume operatorship of ExxonMobil's Bass Strait assets in a historic deal that will unlock additional gas resources in Australia. As operator, Woodside will oversee asset planning, execution and production-boosting strategies.
News
July 30, 2025
Petrobras posted a 5% rise in oil and gas production in Q2 2025 compared to Q1, a performance the company attributes to the ramp-up of several FPSOs. This quarter, Petrobras also reported the start-up of 14 new producing in the Campos and Santos basins.
News
July 29, 2025
Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy.
News
July 28, 2025
Weatherford has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V.
News
July 28, 2025
BW Energy, together with NAMCOR E&P, has contracted Odfjell's Deepsea Mira semisubmersible rig for the drilling of the Kharas appraisal well on the Kudu license (PPL003) offshore Namibia in the Orange Basin, scheduled for the second half of 2025.
News
July 25, 2025
Thailand's PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA).
News
July 25, 2025
Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand.
News
July 24, 2025
Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that underscores the industry’s optimism over production at sea.
News
July 24, 2025
TotalEnergies has awarded Tenaris a contract to supply casing and tubing and Rig Direct® services for the GranMorgu project, located about 150 km offshore Suriname. With first oil expected in 2028, GranMorgu represents Suriname’s first major offshore development.
News
July 24, 2025
AquaTerra Group been awarded two separate contracts with bp and Ithaca Energy to support a number of their North Sea assets. A three-year contract will see AquaTerra providing specialist access and access led maintenance services across bp’s North Sea portfolio.
