Offshore
News
July 30, 2026
Petrobras increased second-quarter oil and gas production 14% year over year to a record 3.34 MMboed, driven by the ramp-up of new FPSOs in the Búzios and Mero pre-salt fields and improved operational efficiency.
News
July 29, 2026
Proserv has established a local operating presence in Brazil to support offshore and subsea operators with controls technology, lifecycle services and asset optimization solutions as activity continues to grow in the country's deepwater sector.
News
July 29, 2026
Saipem has secured a US$930 million contract from Eni to support Phase 3 development of the Baleine field offshore Ivory Coast, reinforcing continued investment in one of West Africa's fastest-growing deepwater projects.
News
July 29, 2026
Keppel will monetize up to 10 legacy offshore rigs through a new Apollo-backed investment fund, expanding its offshore asset management platform while capitalizing on strengthening rig market fundamentals.
Article
July
Mature offshore fields often require subsea flowline decommissioning while adjacent infrastructure remains in production, limiting conventional methods. Using a chemically engineered gel displacement system to remove hydrocarbons from two late-life pipe-in-pipe subsea flowlines in the Norwegian North Sea, the project demonstrates a repeatable approach for late-life subsea assets.
News
July 28, 2026
Kistos maintained its 2026 production guidance after a strong first half, with Balder development progressing through new drilling, an FPSO upgrade and reserves growth following sanction of the Balder Next project.
News
July 28, 2026
Eni and TotalEnergies have approved development of the Cronos gas field offshore Cyprus, paving the way for the country's first gas production and a new LNG export route to Europe through existing infrastructure in Egypt.
News
July 27, 2026
Talos Energy has agreed to acquire a 50% working interest in Repsol-operated Block 29 offshore Mexico, adding more than 200 MMboe of gross recoverable resources across the Polok and Chinwol discoveries as the partners target a final investment decision in 2027.
News
July 27, 2026
ABL has secured a contract to support installation of Papua New Guinea's first offshore floating storage and offloading (FSO) facility, a key milestone for the country's offshore oil infrastructure.
News
July 27, 2026
DOF Group will sell four platform supply vessels and acquire two new construction support vessels as part of its fleet optimization strategy, while also declaring a constructive total loss on the Skandi Amazonas following its grounding off Brazil.
News
July 27, 2026
Sir Ian Wood, the visionary entrepreneur who built Wood Group into a global engineering leader and helped shape the North Sea oil and gas industry, has died at the age of 84, leaving a legacy that continues to influence offshore energy and UK regulation.
Article
July
As they continue to ramp up activity, Guyana and Suriname are at the hinge of the Americas' energy map.
News
July 25, 2026
Expro has completed its acquisition of Enhanced Drilling, adding managed pressure drilling (MPD) and riserless mud recovery (RMR) technologies to expand its offshore well construction capabilities and strengthen support for complex drilling projects worldwide.
News
July 24, 2026
SLB reported stronger second-quarter revenue as international offshore growth offset continued Middle East disruptions, with deepwater activity, production systems and digital technologies driving momentum heading into 2027.
News
July 24, 2026
Petrobras' P-52 offshore production platform remains offline following a gas leak discovered last year, with the company still evaluating restart options for the Roncador field asset in Brazil's Campos basin after safety concerns identified degraded gas-lift risers.
Article
July
With the tenure of former Canadian Prime Minister Justin Trudeau firmly in the rearview mirror, current Prime Minister Mark Carney has been loosening up energy policy that is augmented by helpful provincial regulation. Thus, the offshore community in Newfoundland and Labrador looks forward to resurgent activity, anchored by projects like Bay du Nord.
News
July 22, 2026
Grandweld Shipyards will design and build two advanced offshore support vessels for Saudi Arabia's Bahri Logistics, strengthening offshore logistics capabilities at Ras Tanura Port and supporting operations across the Kingdom's energy sector.
News
July 22, 2026
Velesto Energy has secured a $51 million integrated rig, drilling and completion (i-RDC) services contract from Chevron Malaysia to support the 2026–2028 North Malay Basin Full Field Development campaign using the NAGA 8 jackup rig offshore Malaysia.
News
July 21, 2026
ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore Abu Dhabi, a project expected to deliver more than 600 MMscfd of natural gas by 2030 and strengthen the UAE's long-term gas supply.
News
July 16, 2026
Serica Energy Chair David Latin and Ithaca Energy Executive Chairman Yaniv Friedman will co-chair SPE Offshore Europe 2027, leading the conference as the North Sea industry focuses on investment, energy security and the future of offshore development.
News
July 16, 2026
CB&I has secured a long-term contract from EnQuest to continue serving as duty holder for the Kittiwake platform in the UK North Sea through cessation of production and decommissioning.
