Offshore
News
July 07, 2025
Valaris has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, the company announced. The combined addition to contracted revenue backlog is approximately $760 million.
News
July 07, 2025
McDermott has been awarded a sizeable* offshore transportation and installation contract by BRAVA Energia, an independent oil and gas company in Brazil, for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin.
News
July 04, 2025
U.S. oil and gas company VAALCO Energy is refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast, African Energy Chamber announced. The modernization is set to increase production and extend the field’s economic life.
News
July 04, 2025
Subsea7 has secured a sizeable contract for offshore Egypt to conduct engineering, procurement, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures.
News
July 03, 2025
Longitude Engineering has landed a contract to provide detailed engineering and project management services for Petroleum Marine Services (PMS), the main EPIC contractor for the Phase XI Deepwater Project of the West Delta Deep Marine (WDDM) concession.
News
July 03, 2025
Seatrium has been awarded a Floating Storage Regasification Unit (FSRU) conversion contract from Kinetics, an energy transition initiative by Karpowership. The project involves the conversion of an LNG carrier (LNGC) into an FSRU named LNGT Turkiye.
News
July 02, 2025
DNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.
News
July 01, 2025
Equinor and Aker BP are investing NOK 13 billion (~$1.29 billion USD) in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).
News
June 30, 2025
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility in the Gulf of America/Gulf of Mexico — the Shenandoah floating production system.
News
June 30, 2025
Petrobras has awarded Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil. The contracts will see an expansion of Fugro’s remote operations capabilities, including the remote piloting of ROVs.
News
June 27, 2025
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America/Gulf of Mexico, slated to offer nearly 80 million acres for oil and gas development.
News
June 27, 2025
TotalEnergies has agreed to purchase Moeve’s 25 % stake in offshore Suriname Block 53, joining operator APA and Petronas. The licence sits next to Block 58’s GranMorgu project and contains the Baja-1 discovery.
News
June 26, 2025
Ashtead Technology and Ocean Science Consulting have formed a strategic alliance to offer integrated environmental monitoring and compliance services for offshore wind and oil-and-gas projects. The partnership combines Ashtead’s subsea technology fleet with OSC’s noise-monitoring and regulatory-reporting expertise.
News
June 26, 2025
Salunda has fitted its next-generation Latch Hawk fingerboard-latch monitoring system to a semisubmersible rig in the Americas, extending the technology’s regional rollout. Integrated with the rig’s control system, the sensors give crews real-time status updates and help prevent DROPS incidents.
News
June 26, 2025
Equinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development, Equinor announced Thursday. The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C in the North Sea. Recoverable volumes are estimated at 116 MMboe, and production is scheduled to start at the end of 2029.
News
June 25, 2025
The Forum Energy Technologies (FET) Subsea product line has secured a contract to provide two work class remotely operated vehicles (ROVs) to CCC Underwater Engineering (CCC UE), the UAE-based offshore construction organization.
News
June 25, 2025
Israel ordered the resumption of production at its biggest natural gas field following a truce in hostilities with Iran, setting the stage for higher exports to Egypt. Chevron is working to resume regular production within a few hours, sources said.
News
June 24, 2025
UK Prime Minister Keir Starmer has called his government’s 10-year industrial strategy “a turning point” for the nation’s economy, but for an oil and gas lobby the plan must include tax reform for North Sea energy producers.
News
June 23, 2025
ROSEN UK has secured a major contract to provide design verification and subsea engineering support for one of the UK’s most significant carbon capture projects. As part of this contract, ROSEN will conduct comprehensive design verification of the project’s CO₂ transportation pipelines.
News
June 23, 2025
Mermaid Subsea Services (UK) has successfully completed a complex wellhead severance project in the Southern North Sea. Previous efforts to remove the target well were unsuccessful, meaning Mermaid had to use dedicated precision subsea tooling and expert project execution to sever and recover the well conductor.
News
June 23, 2025
"The COD milestone marks a major achievement for one of Africa’s deepest offshore developments which introduce Mauritania and Senegal as LNG exporters," Golar LNG said in a news release.
