Offshore
News
March 17, 2026
SLB OneSubsea has secured an integrated EPC contract from CNOOC to deliver subsea production systems for the Kaiping 18-1 deepwater field in the South China Sea, supporting a 20-well development using standardized subsea technologies.
News
March 17, 2026
Petrobras plans to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin for $450 million, consolidating full ownership and strengthening its offshore production portfolio.
News
March 17, 2026
bp has started gas production from the Quiluma field offshore Angola as part of the New Gas Consortium project, the country’s first non-associated gas development supplying feedstock to the Angola LNG facility for export.
News
March 16, 2026
The Offshore Technology Conference (OTC) has announced the winners of its 2026 Spotlight on New Technology Awards, recognizing 17 innovations in offshore drilling, subsea systems, AI and well construction technologies.
News
March 16, 2026
ExxonMobil and Halliburton have completed the industry’s first fully closed-loop automated geological well placement offshore Guyana, integrating rig automation, automated geosteering and real-time drilling optimization to improve well construction efficiency and reservoir contact.
News
March 16, 2026
Eni has discovered more than 1 Tcf of gas in two offshore Libya exploration wells near the Bahr Essalam field. The finds could be rapidly developed through tie-backs to existing infrastructure to supply domestic demand and exports to Italy.
News
March 13, 2026
The U.S. Interior Department has approved bp's Kaskida deepwater development in the Gulf of America/Gulf of Mexico. The project, expected to begin production in 2029, could unlock an estimated 275 MMbbl of oil from bp’s Paleogene discoveries.
News
March 12, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference wrapped up its highly successful three-day stand in Lisbon on Thursday. The final day featured a keynote address, one panel solo speakers, and three themed technical sessions. The participants were a good combination of operators and service companies.
News
March 12, 2026
Gas injection has begun on the Petrobras P-78 FPSO at the Búzios field offshore Brazil, marking another milestone for one of the largest deepwater developments in the Santos basin.
News
March 12, 2026
Rex International reported average February production of 10,300 boed from assets in Norway, Oman and Germany, with the Brage field offshore Norway contributing the majority of output.
News
March 12, 2026
Assala Energy has encountered hydrocarbons at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, confirming an 8-meter hydrocarbon interval in the Gamba Sandstone formation.
News
March 12, 2026
Equinor is preparing to launch drilling operations at the Rosebank field west of Shetland, part of a major UK offshore development that will include subsea wells tied back to a redeployed FPSO.
News
March 12, 2026
Oceânica Engenharia has secured $736 million in long-term offshore service contracts with Petrobras, covering subsea support vessels and ROV operations for inspection, maintenance and intervention work through 2031.
News
March 11, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference continued in high gear in Lisbon on Wednesday, featuring a Contractors’ Panel, two solo speakers, and three themed technical sessions. The participants represented a wide mix of service companies and operators.
News
March 11, 2026
The U.S. Interior Department’s latest Gulf lease sale generated nearly $47 million in high bids for 25 offshore blocks, signaling continued industry interest in deepwater exploration.
News
March 11, 2026
Acteon has acquired Houston-based EPC specialist Upstream Engineering, expanding its offshore engineering capabilities and strengthening its fixed platform and SURF service offerings.
News
March 11, 2026
Eco Atlantic has agreed to acquire JHI Associates in a deal valued at about $52 million, gaining offshore exploration interests in the North Falkland basin and Guyana’s Canje block.
News
March 11, 2026
Guyana is advancing a 25,000-sq-km offshore multi-client seismic survey supported by Viridien to improve subsurface data, de-risk exploration and support future licensing rounds in the Guyana basin.
News
March 11, 2026
Viridien has launched a new seismic reimaging project covering roughly 9,000 sq km of 3D data in India’s offshore Mahanadi basin, aiming to improve subsurface imaging and unlock new exploration opportunities.
News
March 11, 2026
TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, adding 25,000 bpd through new wells tied back to the existing Lapa FPSO as the company expands its offshore portfolio.
News
March 10, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference got off to a roaring start in Lisbon on March 10, featuring an operator’s panel, two solo speakers, and a case studies/lessons learned session. The participants represented a wide mix of operators, service companies and a market analyst.
