Brazilian state-owned oil & gas giant Petrobras has commenced production from the eighth floating production storage and offloading (FPSO) vessel at the Búzios field offshore Brazil earlier than planned. Located in the pre-salt layer of the Santos Basin, the P-79 platform began production on May 1,
Norwegian state-owned energy giant Equinor is extending key supplier agreements for drilling and well services on the Norwegian Continental Shelf (NCS) with a combined value of around NOK 17 billion (approximately €1.56 billion), set to employ around 2,500 people. Equinor reported today, May 4, that
With a front-end engineering and design (FEED) deal to Oslo-headquartered BW Offshore for a floating production, storage, and offloading (FPSO) unit, Norway’s state-owned energy giant Equinor is continuing to lay the groundwork for the development of its oil project off the coast of Newfoundland and
Tullow Ghana Limited (TGL), a subsidiary of the UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, has confirmed its timeline for putting four wells into production mode at a field off the coast of Ghana.
Australia’s energy player Santos has disclosed a timeline for a production increase following a restart of output from a floating production, storage, and offloading (FPSO) vessel deployed at its gas project off the coast of Australia’s Northern Territory.
Bermuda-headquartered offshore drilling contractor Seadrill and U.S.-headquartered LLOG Exploration Company (LLOG), a subsidiary of London-listed oil & gas company Harbour Energy, have expanded their more than decade-long collaboration with contract awards for two ultra-deepwater drillships. The Wes
French maritime services player Bourbon has strengthened its fleet with 13 new offshore support vessels since the start of 2026, representing a value of over $180 million, with 10 of them already under contract. Bourbon has acquired six diesel-electric vessels from the Minsheng Group, five platform
Canadian oil & gas company Valeura Energy has chartered a jack-up drilling rig owned by UAE-based Shelf Drilling for multi-year work in the Gulf of Thailand. The Enterprise jack-up rig has been chartered for a three-year term which runs until December 31, 2029. Valeura Energy has an option on the st
Dubai-based independent energy and commodities trading group BGN is expanding its liquefied petroleum gas (LPG) fleet capacity with the order for four new dual-fuel very large gas carriers (VLGCs) to be built in Korea. HD Hyundai Heavy Industries (HD HHI) will construct the four VLGCs at its shipyar
Brazilian state-owned energy giant Petrobras has made a final investment decision (FID) for another development in the Sergipe Alagoas Basin off the coast of Brazil. Dutch giant SBM Offshore is in charge of two floating production, storage, and offloading (FPSO) vessels that will enable production f
London-based oil and gas player Energean has restarted production from a floating production, storage, and offloading (FPSO) vessel deployed at a field off the coast of Israel.
A construction support vessel (CSV) owned by Solstad Maritime (SOMA) has secured a two-year contract extension worth approximately $56 million with Brazilian oil & gas company Petrobras. As part of the extended contract, the CSV Normand Fortress will provide accommodation services to support product
Luxembourg-domiciled Subsea7 has been tasked with work in the Santos Basin on a field development project, which is described as one of the largest pre‑salt expansion phases off the coast of Brazil.
London-based oil and gas player Energean has received the go-ahead to resume production from a floating production, storage, and offloading (FPSO) vessel, which is working at a field off the coast of Israel.
