Field Development News

 

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Jan 07, 2026

Vantris Energy Berhad said it has been awarded offshore transportation and installation work orders in Malaysia by Petronas Carigali under existing long-term contracts.The awards were secured by Sapura Offshore, an indirect wholly owned subsidiary of Vantris Energy…

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Jan 07, 2026

Murphy Oil Corporation has drilled an appraisal well at the Hai Su Vang oil field offshore Vietnam, confirming a larger hydrocarbon column and strengthening the field’s recoverable resource potential.The Hai Su Vang-2X appraisal well was drilled in Block 15-2/17 in the Cuu Long Basin…

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Jan 07, 2026

Abu Dhabi National Oil Company (ADNOC) has taken a final investment decision on the SARB Deep Gas Development, a strategic offshore gas project within the Ghasha Concession, offshore United Arab Emirates.The project is expected to deliver up…

ABS Grants Approval for Seatrium’s Next-Gen Offshore Substations

Jan 06, 2026

The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to Seatrium for its next-generation offshore substation (OSS) design.Seatrium’s design features 500 MW OSS modules, engineered for scalability and aligned with the highest international standards…

Chevron Delivers First Oil from New Platform Offshore Angola

Jan 06, 2026

Chevron has delivered first oil from its South N’dola platform offshore Angola, marking a major project milestone just over two years after construction began.Located in Block 0, which accounts for around 12% of Angola’s daily energy output…

TechnipFMC Awarded Tiber Contract

Jan 05, 2026

TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI™) contract by bp for its greenfield Tiber development in the Gulf of America.The direct award leverages the engineering and equipment in progress for bp’s first 20…

Explainer: Status of Foreign Oil Companies in Venezuela After Maduro’s Arrest

Jan 05, 2026

Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world, is now in crisis following the capture of the President Nicolas Maduro.Hugo Chavez, the former president…

Petrobras to Start Production at P-79 Oil Platform in Q2 2026

Jan 02, 2026

Brazilian state-run oil firm Petrobras expects to start production at its P-79 oil platform in the Santos Basin in the second quarter, director for engineering, technology and innovation Renata Baruzzi told Reuters on Friday.Petrobras had previously…

Petrobras FPSO Initiates Búzios 6 Production

Jan 02, 2026

The FPSO P-78 can produce up to 180,000 barrels per day and will increase the gas supply.Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin…

Offshore Wind: Building the UK’s First Nearshore Artificial Nesting Structures

Jan 02, 2026

As offshore wind rises to meet ambitious climate goals, balancing the need for infrastructure with maintaining biodiversity has become a pressing challenge. One innovative, recent example is the installation of the UK’s first nearshore artificial nesting structures…

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

Dec 31, 2025

Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the Turkish sector of the Black Sea.The contract includes engineering…

Harbour Energy Takes Operatorship of Zama Field Offshore Mexico

Dec 31, 2025

U.K.-based oil and gas firm Harbour Energy has been appointed operator of the Zama oil project offshore Mexico.The appointment was agreed by the Zama partners, including Pemex, Grupo Carso and Talos Energy who will have the option to appoint key personnel into Harbour's project team…

Aramco Taps Saipem for Offshore Work in $600M Deal

Dec 30, 2025

Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…

FPSO off Brazil Stabilizing Production After Halt

Dec 30, 2025

Production at Brazilian state-run oil firm Petrobras' P-69 offshore oil platform, in the country's Tupi field, was temporarily interrupted due to a routine safety procedure, the company told Reuters in a statement on Monday.The platform, which produced an average of 106…

Petrobras Greenlights Funds for Second Phase of Brazil's Deepwater Scheme

Dec 30, 2025

Brazilian state-run oil company Petrobras has approved the final investment decision (FID) for Module 2 of its Sergipe Deep Waters (SEAP II) project in the Sergipe-Alagoas Basin, a move that will expand the availability of domestic natural gas…

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