Offshore
News
October 21, 2025
A consortium led by DeepOcean — including TotalEnergies, Equinor, Aker BP, Tenaris, and LS Cable & System — has developed FlowHeat, a subsea pipeline heating system that reduces installation costs by 35% and emissions by 30%, extending tieback reach to 30–50 km in deepwater projects.
News
October 21, 2025
Galp Energia is expanding upstream exploration in frontier markets such as Namibia and São Tomé and Príncipe amid resilient global oil demand. “The world has changed,” said a board member on Tuesday. “The energy transition is happening, but Europe still needs fossil fuels.”
News
October 20, 2025
Forum Energy Technologies’ (FET) Subsea division has secured a contract to supply two of its new-generation XLX EVO III work-class remotely operated vehicles (ROVs) to Nigerian offshore operator Marine Platforms Ltd. (MPL).
News
October 21, 2025
Vår Energi reported strong third-quarter 2025 results, achieving early start-up at seven offshore projects including Johan Castberg and Balder’s Jotun FPSO. The company expects Q4 output of 430,000 boed and plans to sanction ten new Norwegian Continental Shelf developments in 2025.
News
October 17, 2025
The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (boe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA).
News
October 16, 2025
Suriname is rapidly rising as the Caribbean’s next major oil and gas hub, driven by deepwater discoveries in the Guyana–Suriname basin. The nation anticipates first production in 2028 and new investments by TotalEnergies, APA, and Petronas.
News
October 16, 2025
Equinor and partners ExxonMobil, Petrogal Brasil, and PPSA have started production from the Bacalhau field in Brazil’s Santos basin. With recoverable reserves exceeding 1 billion boe and a 220,000 bpd FPSO, Bacalhau is Equinor’s largest international project.
News
October 16, 2025
Halliburton and Aker BP have completed the first umbilical-less tubing hanger installation on the Norwegian Continental Shelf using Halliburton’s eROCS digital control system and Optime Tubing Hanger Orientation System.
News
October 15, 2025
Global energy and marine consultancy ABL has secured a new contract from India’s Oil and Natural Gas Corporation Limited (ONGC) to oversee rig moving operations across Indian waters between September 2025 and May 2026.
News
October 15, 2025
DeepOcean has entered a time charter agreement for the multipurpose vessel Glomar Supporter to strengthen its survey, inspection, and light IMR service offering across offshore wind and oil and gas markets.
News
October 15, 2025
bp and the Shah Deniz consortium have awarded three major offshore contracts worth about $700 million to the Saipem and BOS Shelf joint venture for the Shah Deniz Compression (SDC) project in the Caspian Sea.
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 14, 2025
Shell and joint venture partner Sunlink Energies have approved development of the HI gas project offshore Nigeria. The H1 field represents a $2 billion investment, according to Nigerian government, and bolsters Shell’s strategy to grow global LNG output through 2030.
News
October 13, 2025
Serica Energy has agreed to buy bp's 32% stake in the Culzean field, the UK’s largest offshore gas producer. The $232 million deal expands Serica’s North Sea portfolio and adds low-cost, low-emission production operated by TotalEnergies.
News
October 13, 2025
Kuwait Oil Co. has announced a major offshore gas discovery at the Jazah field, with initial tests showing 29 MMcf/d of gas and 5,000 bpd of condensate. The find could hold 1 Tcf of gas and 120 million barrels of condensate, marking a key milestone for Kuwait’s offshore exploration.
News
October 13, 2025
Valeura Energy has increased oil production to nearly 25,000 bpd after completing a 10-well drilling campaign at its Nong Yao field in the Gulf of Thailand. The company also advanced its Wassana redevelopment project and confirmed new gas discoveries under its PTTEP farm-in.
News
October 13, 2025
The five-well campaign begins in 2026 and includes options for three more wells, extending the company’s global deepwater activity.
News
October 10, 2025
Beacon Offshore Energy has achieved its target production rate of 100,000 bopd at the Shenandoah field in the U.S. Gulf, just 75 days after first oil, confirming the high operability of the Shenandoah floating production system.
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 09, 2025
Houston-based Sable Offshore Corp. is seeking assistance from the Trump administration to revive crude production offshore Santa Barbara, Calif. The company’s plans to restart pipelines from the Santa Ynez Unit have been delayed by state regulators, prompting consideration of shipping oil by tanker instead.
News
October 09, 2025
Chevron is preparing to drill the Korikori-1 exploration well this month, according to Suriname's state-owned oil company Staatsolie. Drilling is expected to last around 90 days and will target potential hydrocarbon accumulations in the shallow offshore zone of the Suriname-Guyana basin.
