Offshore
News
July 30, 2025
Petrobras posted a 5% rise in oil and gas production in Q2 2025 compared to Q1, a performance the company attributes to the ramp-up of several FPSOs. This quarter, Petrobras also reported the start-up of 14 new producing in the Campos and Santos basins.
News
July 29, 2025
Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy.
News
July 28, 2025
Weatherford has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V.
News
July 28, 2025
BW Energy, together with NAMCOR E&P, has contracted Odfjell's Deepsea Mira semisubmersible rig for the drilling of the Kharas appraisal well on the Kudu license (PPL003) offshore Namibia in the Orange Basin, scheduled for the second half of 2025.
News
July 25, 2025
Thailand's PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA).
News
July 25, 2025
Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand.
News
July 24, 2025
Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that underscores the industry’s optimism over production at sea.
News
July 24, 2025
TotalEnergies has awarded Tenaris a contract to supply casing and tubing and Rig Direct® services for the GranMorgu project, located about 150 km offshore Suriname. With first oil expected in 2028, GranMorgu represents Suriname’s first major offshore development.
News
July 24, 2025
AquaTerra Group been awarded two separate contracts with bp and Ithaca Energy to support a number of their North Sea assets. A three-year contract will see AquaTerra providing specialist access and access led maintenance services across bp’s North Sea portfolio.
News
July 23, 2025
Trendsetter Engineering has secured a contract award for the delivery of four 15K horizontal subsea tree systems, associated tooling and installation services to a major Gulf of America/Gulf of Mexico operator.
News
July 23, 2025
Expro on Wednesday announced the launch of its most advanced BRUTE® High-Pressure, High Tensile Packer System, designed to help operators work more efficiently and confidently in the extreme conditions of deepwater wells.
News
July 23, 2025
TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production.
News
July 22, 2025
OMV Petrom and NewMed Energy have awarded a drilling rig contract to Noble Corporation for the drilling of two offshore exploration wells in the Black Sea, offshore Bulgaria. Two exploration wells will be drilled on the Han-Asparuh Block with the selected ultra-deepwater drillship, Globetrotter I.
News
July 22, 2025
SLB will deploy its Sequestri™ carbon storage solutions portfolio to construct six carbon storage wells in the North Sea for the Northern Endurance Partnership (NEP), an incorporated joint venture between bp, Equinor and TotalEnergies.
News
July 21, 2025
Namibia’s former-Minister of Mines and Energy, Tom Alweendo, is spearheading the launch of Alvenco Advisory, a new strategic advisory firm. The launch of Alvenco Advisory comes as Namibia accelerates the development of offshore oil and gas discoveries made in the Orange Basin.
News
July 21, 2025
CEPetroleum (CEP) has made a significant oil discovery in its Wolin East 1 well, offshore Poland. CEP estimates the discovery as the largest conventional hydrocarbon field yet found in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
News
July 21, 2025
Vår Energi has made a commercial gas and condensate discovery in the Vidsyn exploration well in the Norwegian Sea. The discovery was made on the Vidsyn ridge, which has the potential to hold up to 100 MMboe gross, Vår Energi stated.
News
July 18, 2025
Chevron’s victory in a lengthy arbitration initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. With Exxon being the majority owner and operator of the disputed Guyana oil fields, the two oil giants face a new challenge: collaboration.
News
July 18, 2025
Ghana’s oil and gas sector is showing signs of resurgence, underscored by Eni’s recent declaration of commerciality for the Eban-Akoma offshore development, and the recent license extension secured by Tullow Oil and partners for the Jubilee and TEN fields.
News
July 18, 2025
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana.
News
July 18, 2025
Chevron has completed its $53 billion takeover of Hess Corporation, having won its arbitration case against ExxonMobil regarding Hess' offshore Guyana assets which had delayed the takeover for over a year.
