Offshore Magazine

Access to capital remains a critical ingredient for offshore project development, as operators balance rising energy demand, evolving market dynamics and increasing expectations for financial discipline. Offshore asked members of …

Fugro will perform wide-ranging survey services for the future Greater Sunrise and Bayu Undan projects in the Timor Sea. Woodside operates Greater Sunrise, a proposed development of the offshore Sunrise …

STS JV, the joint venture between SBM Offshore and Technip Energies, and TotalEnergies EP Suriname, have agreed to co-develop, install, test and operate a wind-assisted towing system on the GranMorgu …

Vattenfall and Copenhagen Infrastructure Partners (CIP) have contracted DEME for transportation and installation (T&I) of the 69 monopile foundations for Phase 1 of the Zeevonk offshore wind farm development in …

As offshore activity evolves around the world, we're evaluating which regions deserve deeper coverage in future Offshore special reports. Your feedback will help us prioritize the markets, projects, technologies and …

The integrated development is expected to feature fixed jacket structures typical of the shallow waters of the Arabian Gulf. It is expected to include: New offshore wellhead towers: At least …

By Gaurav Gupta, MarketsandMarkets Subsea electrification is the practice of powering seabed-mounted oil and gas equipment—pumps, compressors, separators and control systems—using electrical power delivered from a topside facility, rather than …

Plexus Holdings Plc and Houston-based Cactus Wellhead LLC have agreed to develop and qualify a range of wellhead products for offshore energy applications. Under the accord, Plexus will perform engineering, …

Velesto Drilling and PETRONAS North Ketapang have agreed to terminate a contract for the NAGA 8 jackup rig offshore Indonesia. Other parties to the agreement are PC Ketapang II Ltd. …

The Marine Minerals Administration (MMA) and the Nuclear Regulatory Commission (NRC) have signed a Memorandum of Understanding (MOU) to support the safe and responsible development of offshore nuclear energy projects …

Berthou: The offshore energy market is entering a period of unprecedented expansion. Across Europe, North America and Asia-Pacific, governments have announced ambitious offshore wind targets as part of their energy …

NEO NEXT+ awards North Sea rig contract to ADES In the UK North Sea, NEO NEXT+ Energy E&P UK has contracted ADES Holding’s Shelf Drilling Fortress jackup drilling rig for …

Energean reported that commissioning work has finished on the second oil train onboard the Energean Power FPSO, which is stationed over the Karish gas-condensate field offshore Israel. Train 2 has …

TGS, with the support of Ghana’s Petroleum Commission, will develop the Gulf of Guinea 2D-cubed project across the country’s offshore Keta Basin, the company reported earlier this week. The aim …

The contract terms cover marine warranty survey services (MWS) both offshore Papua New Guinea and at international locations to support the supply, transportation, installation, pre-commissioning and commissioning of associated equipment. …

Saipem has completed installation of the production platform for the OMV Petrom-operated Neptun Deep Gas Development project in the Romanian sector of the Black Sea. Neptun Deep is estimated to …

Allseas has contracted Vallourec to provide carbon steel seamless line pipes and thermal insulation coating for the Atapu 2 subsea production system in the Santos Basin offshore Brazil. The Petrobras-led …

Equinor has made a small but potentially commercial oil find close to the Johan Castberg infrastructure in the Barents Sea. The Skrugard North Tubåen prospect appears to contain 7.6 MMboe …

TGS has started work on two more seismic data reprocessing projects offshore eastern Canada and mid-Norway, both supported by industry funding. The Orphan3D PSDM Phase 2 reprocessing project offshore Newfoundland …

Hess Exploration and Production Malaysia has contracted Velesto Energy Berhad subsidiary Velesto Drilling for integrated rig, drilling and completion (i-RDC) services for the 2026-2028 North Malay Basin Full Field Development …

Uruguay’s regulator ANCAP has agreed to Chevron’s request to suspend the initial exploration sub-period of the AREA OFF-1 Block offshore Uruguay for one year. It will now expire on Aug. …

Expro has completed its acquisition of Norwegian managed pressure drilling (MPD) technology developer Enhanced Drilling for about NOK2 billion (US$208.4 million). The company’s MPD and riserless mud recovery services will …

By Dimitry Adamyan, Fluix The gap between capital commitment and operational delivery is widening across European wind energy. While investment is at record levels, deployment, particularly in offshore wind, is …

The proposed merger between Subsea7 and Saipem, announced in July 2025, is encountering significant regulatory hurdles in key jurisdictions, according to Reuters and other news sources. According to sources, the …

Key remaining major contractors Here are the primary players with approximate fleet positions, based on 2025–mid-2026 data. Fleets continue to evolve with sales, reactivations, attrition, and newbuilds: Transocean (pre-Valaris acquisition): …

Offshore vessel owners and operators continue to invest in fleet expansion across the offshore wind, subsea, survey and maritime infrastructure sectors. Recent developments include: The delivery of a new commissioning …

JERA Nex bp expands Belgian offshore wind portfolio The JERA Nex bp joint venture Hs acquired Sumitomo’s interests in the Nobelwind and Northwester 2 offshore wind farms in the Belgian …

AI is already widely used for tasks such as fault interpretation, seismic facies classification and production forecasting. Anderson argues that most current AI applications operate within a single software environment. …

Halliburton has deployed its LOGIX automation and remote operations service for an Eni-operated deepwater exploration well offshore Indonesia. The integration of full rig automation with managed pressure drilling (MPD) was …

Under the arrangement, the two parties will share exclusive rights and priority access to Allton A1 systems. According to TGS, the technology reduces OBN operational complexity and lowers the cost …

PETRONAS Carigali has signed a third joint development agreement (JDA) to advance its TriCipta AI initiative across upstream operations. The company describes this as a partnership model that combines deep …

SLB OneSubsea will supply subsea production systems for 13 wells for Phase 3 of the fast-track, deepwater Baleine project offshore Côte d’Ivoire. Under the EPC contract, awarded by operator Eni, …

Delfin Midstream Inc. says that it has issued a Limited Notice to Proceed (LNTP) to Siemens Energy, Inc. for the procurement of long lead equipment — including four SGT-750 gas …

Birch: Key drivers include improved oil recovery requirements, production plateau maintenance, declining production rates, flow assurance challenges and free gas management. All these factors are closely linked to field economics …

Aker BP reported a series of project milestones in its second-quarter results, including completion of key power infrastructure for the Yggdrasil development and progress on future production growth projects across …

Principle Power will perform Operations and Maintenance (O&M) support for the 30-MW Éoliennes Flottantes du Golfe du Lion (EFGL) project in the French sector of the Mediterranean Sea. Operator Ocean …

Neptune was also involved in PosHYdon, a 1-MW pilot project to develop an electrolyzer capable of producing green hydrogen on an active offshore platform 13 km offshore Scheveningen, using power …

Harbour Energy has issued an international public bid invitation for the development of the Zama oil field offshore Mexico, marking a significant step forward under its operatorship of the major …

The research examines the opportunities and challenges for floating offshore wind development in the Mediterranean and identifies several priorities for policymakers and industry. The study identifies five priorities: Stable permitting, …

Velesto Energy has terminated the proposed sale of one of its jackup drilling rigs to PT Indonesia Drilling Energy after conditions required under the transaction were not met by the …

Tetragon Energy, operator of the SC-80 and SC-81 permits, has contracted DUG Technology to reprocess seismic data over the blocks offshore the Philippines. Other partners are Sunda Energy, Philodrill and …

Front-end engineering design (FEED) has finished for the subsea development phase of ECSP, with first gas targeted in 2028. In May, Amplitude Energy agreed to acquire from Beach Energy a …

Following public comments and industry interest, the Area Identification (Area ID) in November 2025 expanded the area under consideration to roughly 33 million acres (about 134,000 km² or 6,069 whole …

Cadeler has taken delivery of Wind Ace, the second of three new A-class offshore wind installation vessels from the COSCO Shipping Offshore yard in Qidong, China. The A-class ships are …

Sunda Energy has applied for a new petroleum exploration permit in the offshore area of the Taranaki Basin, west of New Zealand's North Island. The 645-km permit contains the Awakino …

DeepOcean has removed a subsea wellhead protection structure from Spirit Energy’s Seven Seas Field in the UK southern North Sea. Seven Seas and Grove West are mature North Sea gas …

OKEA says all large high-voltage equipment has been lifted onboard the Draugen platform in the Norwegian Sea for its power-from-shore project. Power transmission from shore should be ready for testing …

Andy Burnham, set to become the UK’s new Prime Minister on Monday following Keir Starmer’s resignation, is preparing to signal strong support for new oil and gas activity in the …

BW Energy was awarded the FPSO EED contract in April. Front-end engineering and design (FEED) overall are advancing, Equinor said, with a focus on capital efficiency, execution planning, overall project …

Wison New Energies has officially signed the engineering, procurement, construction, installation and commissioning (EPCIC) contract for a new FPSO vessel destined for Eni’s Baleine Phase 3 development offshore Côte d’Ivoire. …