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Production & Processing

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Offshore Energy Recap 2024
Production & Processing

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
Saipem tasked with more work at Türkiye's largest natural gas field under $425M contract
Production & Processing

Saipem tasked with more work at Türkiye’s largest natural gas field under $425M contract

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Italy’s Saipem has secured additional work at the largest natural gas field in Türkiye as part of a new contract with Turkish Petroleum Offshore Technology Center (TP-OTC) worth approximately $425 million. The contract has been secured for the extension of the third phase of the Sakarya gas field de

about 9 months ago
Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M
Production & Processing

Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M

Italy’s Saipem has secured two offshore contracts in Saudi Arabia worth approximately $600 million under its existing long-term agreement with the country’s energy heavyweight Aramco. The first contract release purchase order (CRPO) covers the engineering, procurement, construction, and installation

about 9 months ago
Helix to go on P&A duty in UK North Sea in 2026
Production & Processing

Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 10 months ago
Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027
Production & Processing

Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027

Subsea7 has secured a subsea engineering, procurement, construction and installation (EPCI) contract with ConocoPhillips Skandinavia for the Previously Produced Fields (PPF) development project offshore Norway. The EPCI scope covers subsea structures, umbilicals, risers and flowlines (SURF) and will

about 10 months ago
DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992
Production & Processing

DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992

Norway’s state-owned oil & gas giant Equinor has awarded DeepOcean with a contract for subsea construction and installation activities for a project that aims to extend the production life of an oil & gas field operational since 1992. DeepOcean’s scope of work includes the installation of a subsea s

about 11 months ago
Large contract win gives Ocean Installer more work with Vår Energi
Production & Processing

Large contract win gives Ocean Installer more work with Vår Energi

Norway’s marine construction and operations player Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a contract defined as large with compatriot oil & gas player Vår Energi for the Balder Next development. Under the contract that is expected to bring NOK 1-2 billion ($98-$196 m

about 11 months ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Production & Processing

‘Major’ North Sea operator renews Vallourec’s contract

French provider of tubular solutions Vallourec has secured the renewal of a multi-year contract with an undisclosed operator in the North Sea for the supply of oil country tubular good (OCTG) products, accessories, and integrated services. Vallourec said it was in charge of providing logistics, main

about 11 months ago
Contract with BP takes Oceaneering to Caspian Sea
Production & Processing

Contract with BP takes Oceaneering to Caspian Sea

U.S. subsea engineering and applied technology firm Oceaneering has secured a contract with UK-headquartered energy giant BP for the provision of riserless light well intervention (RLWI) services for the largest oilfield in the Azerbaijan sector of the Caspian basin. Oceaneering‘s Offshore Projects

about 11 months ago
Illustration; Source: North Sea Transition Authority (NSTA)
Production & Processing

North Sea oil & gas operators urged to up production ante by stepping up well intervention and development drilling game

As energy security concerns continue to run the show, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has called on oil and gas operators to join forces and bolster well interventions and development drilling activities to revive shut-in wells to sustain domestic oil and gas pr

about 1 year ago
Halliburton shakes hands with Shell for umbilical-less tubing hanger installation
Production & Processing

Halliburton shakes hands with Shell for umbilical-less tubing hanger installation

U.S.-headquartered oilfield services player Halliburton has signed a framework agreement with UK-headquartered energy giant Shell for the provision of umbilical-less tubing hanger installation and retrieval services using its Remote Operated Control System (ROCS) technology. Halliburton describes RO

about 1 year ago
Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech
Production & Processing

Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech

DeepOcean as the project owner and its five partners have launched a joint industry project to commercialize an innovative subsea flowline heating technology designed to reduce manufacturing and installation costs by up to 35% and carbon emissions by 30% through the separation of pipeline and heatin

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Production & Processing

Triple contract win for Saipem in Azerbaijan valued at $600M

Italian engineering, drilling, and construction services firm Saipem has secured three new contracts for a gas project in Azerbaijan operated by UK-headquartered energy giant BP, which together have a value of approximately $600 million. The offshore contracts were awarded in consortium with BOS She

about 1 year ago
UK firm delivering equipment to back deepwater drilling off Guyana
Production & Processing

UK firm delivering equipment to back deepwater drilling off Guyana

London-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana, described by the company as a strategically important energy region. Hunting secured the $20 million contract early t

about 1 year ago