Offshore
News
December 30, 2025
Saipem has secured $600 million in offshore work from Aramco, including pipeline installation and subsea intervention at multiple Saudi fields—further expanding its in-country fabrication footprint and LTA-backed project portfolio.
News
December 26, 2025
CB&I is set to acquire Petrofac’s Asset Solutions business, adding offshore operations and decommissioning services to its portfolio and bringing 3,000 employees under its umbrella. The move strengthens CB&I’s footprint in international energy markets and diversifies revenue beyond EPC work.
News
December 26, 2025
Gulf Marine Services has secured a 985-day Europe contract for two Large-class vessels, pushing its contracted backlog to $540 million as demand for SESVs continues to strengthen across global offshore markets.
News
December 23, 2025
As offshore oil and gas activity expands across the Caribbean, investment in shore bases and specialized ports is becoming essential to project execution. From Guyana and Trinidad to Suriname, logistics hubs are increasingly shaping timelines, costs, and operational reliability for deepwater developments.
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 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 20, 2025
OMV Petrom and NewMed Energy are preparing to drill two offshore wells at Bulgaria’s Han Asparuh block in the Black Sea, with first drilling expected by year-end.
News
December 20, 2025
Ukraine says it struck a Lukoil offshore drilling platform in the Caspian Sea, as Kyiv intensifies attacks on Russian energy infrastructure tied to wartime revenue.
News
December 19, 2025
TechnipFMC has secured a major subsea EPCI contract from Eni for the Coral North FLNG project offshore Mozambique, covering flowlines, risers, manifolds and umbilicals in ultra-deepwater.
News
December 18, 2025
Subsea7 has been awarded a large EPCI contract by ConocoPhillips for the Previously Produced Fields (PPF) development offshore Norway. The $300–$500 million contract covers subsea structures, umbilicals, risers and flowlines tied back to the Ekofisk Complex, with offshore campaigns planned for 2027–2028.
News
December 18, 2025
Abu Dhabi National Oil Co. has secured $11 billion in financing tied to future production from its Hail and Ghasha offshore gas projects, reinforcing the UAE’s push to expand gas output and achieve self-sufficiency by the end of the decade.
News
December 18, 2025
DNO ASA has secured North Sea oil offtake agreements with subsidiaries of Exxon Mobil and Shell, unlocking up to $410 million in related financing facilities effective January 2026. The agreements strengthen DNO’s balance sheet and support continued growth amid volatile markets.
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
DeepOcean has secured a new long-term IMR frame agreement with Vår Energi, covering subsea inspection, maintenance and repair work across the operator’s Norwegian continental shelf assets through 2030, with options for extension.
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
ReconAfrica advanced key upstream milestones in 2025, preparing for a multi-zone production test at its Kavango West discovery in Namibia while progressing early-stage exploration in onshore Angola and seismic reprocessing offshore Gabon ahead of a busy 2026 program.
News
December 16, 2025
Subsea7 has secured a substantial subsea installation contract from Chevron Australia for the Gorgon Stage 3 project, covering engineering, fabrication and deepwater installation activities offshore Western Australia, with offshore operations planned for 2028.
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 16, 2025
Partners led by ConocoPhillips and Vår Energi have sanctioned the Previously Produced Fields (PPF) redevelopment in Norway’s Greater Ekofisk area, approving up to $1.8 billion in investment to bring new subsea wells online from 2028 and extend production life at the mature hub.
News
December 15, 2025
Seadrill is adding new backlog with contract awards in the U.S. Gulf of America/Mexico and Angola, securing follow-on work for three rigs and extending operations into 2027 while avoiding idle time between campaigns.
