Production
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.
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 15, 2026
Aker BP narrowed its 2026 production guidance after a strong second quarter, while advancing key offshore developments including Yggdrasil, Valhall PWP-Fenris and Johan Sverdrup Phase 3 toward planned 2027 start-ups.
News
July 14, 2026
A coalition of UK energy producers, manufacturers, trade unions and industry groups has urged Labour MPs to support North Sea oil and gas production, arguing domestic energy development is essential for energy security, industrial competitiveness and long-term economic growth.
News
June 18, 2026
Vår Energi has approved the Balder Next New Wells project in the North Sea, a seven-well development targeting 86 MMboe of reserves and supporting long-term production growth through the Jotun FPSO hub.
News
June 15, 2026
VAALCO reported initial production exceeding 8,000 bopd its Ebouri-5H well offshore Gabon and continued drilling success in Egypt as the company advances its 2026 development program.
News
June 10, 2026
EnQuest has agreed to acquire interests in four offshore Malaysia production-sharing contracts for up to $833 million, adding approximately 57,400 boed of production and increasing group reserves by 85% as it expands its Southeast Asia portfolio.
News
June 08, 2026
Aker BP has increased its ownership stake in the Johan Sverdrup field and will receive an additional 2.2 MMboe over the next two years following a redetermination of partner interests at one of Norway's largest producing oil fields.
News
June 01, 2026
bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening a new development phase with an estimated 4 Tcf to 6 Tcf of recoverable gas resources.
News
May 25, 2026
Ammat Global Resources is increasing production from Congo’s mature Loango and Zatchi offshore fields through workovers, subsea upgrades and brownfield optimization efforts aimed at extending the life of legacy offshore assets.
News
May 07, 2026
BW Offshore has extended the FPSO BW Catcher contract through the end of 2030, adding approximately $490 million in operating cash flow backlog and improving redeployment flexibility.
News
May 06, 2026
Equinor has started production from the Eirin field in the North Sea, adding new gas volumes to Europe through a subsea tieback to the Gina Krog and Sleipner infrastructure.
News
April 29, 2026
Petrobras has acquired a stake in the Argonauta area of the Campos basin, increasing its ownership in the Jubarte pre-salt field and strengthening its offshore portfolio.
Article
April
SBM Offshore’s Group Business Development director is very enthusiastic about the market ahead for FPSO construction and operation, given the plethora of deepwater projects expected, not only in established markets like Brazil, Guyana and West Africa, but in places like Suriname, Namibia and others.
News
April 17, 2026
Talos Energy founder Tim Duncan is backing a new oil company that has entered the U.S. Gulf with its first acquisition. The deal brings in former Goldman Sachs analyst Jeff Currie as the venture targets offshore production growth.
News
April 15, 2026
Vår Energi has submitted a PDO for the Goliat gas export project in the Barents Sea, aiming to boost oil recovery, export gas to Hammerfest LNG and extend field life to 2050.
News
April 14, 2026
Petrobras has approved FID for its SEAP I project offshore Brazil, advancing a major FPSO-led development that could unlock over 1 billion boe and expand gas supply from a new frontier basin.
News
April 09, 2026
Egypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply as domestic production declines and demand continues to rise.
News
April 08, 2026
ONE-Dyas has brought a second production well online at its N05-A platform in the North Sea, increasing gas output to 1 Bcm/year and strengthening domestic energy supply for the Netherlands and Germany.
News
April 07, 2026
Aker BP has started production from the Symra field offshore Norway nine months ahead of schedule, adding a subsea tieback to the Ivar Aasen platform and supporting continued North Sea production growth.
News
March 30, 2026
TotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming NEO NEXT+—now the largest independent producer on the UK Continental Shelf, with expected 2026 output exceeding 250,000 boed and a strengthened platform for operational synergies and cash flow growth.
