Field Development News

 

OneSubsea Gets Gullfaks Subsea Compression Upgrade by Equinor

Feb 17, 2026

OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has been awarded an engineering, procurement and construction (EPC) contract by Equinor to upgrade the subsea compression system at the Gullfaks field in the Norwegian North Sea.Under the contract, SLB’s OneSubsea joint venture will deliver two next-generation compressor modules to replace units originally supplied in 2015 as part of the world’s first multiphase subsea compression system…

Eco Wave Power Wraps Up Feasibility Study for South Africa’s Wave Project

Feb 17, 2026

Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, identifying the technical potential to deploy approximately 8.3 MW of installed capacity along the port’s breakwater infrastructure…

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

Feb 16, 2026

DUG Technology, in partnership with Searcher Seismic, has signed an agreement for the provision of multi-client 3D seismic data reprocessing offshore East Sarawak.Under the terms of the agreement, DUG and Searcher will reprocess previously acquired…

ABL Secures Work at Egypt’s Kamose Gas Field

Feb 16, 2026

Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) services to support the offshore construction for the Phase 4 development of the Kamose offshore gas field development in the Mediterranean Sea for North Sinai Petroleum Company (NOSPCO)…

Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana

Feb 13, 2026

Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana.The work, carried out on behalf of MODEC…

ConocoPhillips Submits $2B Greater Ekofisk Gas Redevelopment Plans

Feb 13, 2026

ConocoPhillips Skandinavia and its partners have submitted two Plans for Development and Operation (PDOs) to Norway’s Ministry of Energy for a combined redevelopment of the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area of the North Sea…

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Feb 12, 2026

SLB has secured multiple offshore drilling services contracts by Mubadala Energy for the Tangkulo natural gas deepwater development and associated exploration and appraisal activities in the Andaman Sea offshore Indonesia.The contracts cover…

NOV’s GustoMSC to Design Korea’s Wind Turbine Installation Vessel

Feb 12, 2026

GustoMSC, through its parent company NOV, has secured contracts for the design and supply of critical equipment for Hanwha Ocean’s new wind turbine installation vessel (WTIV), based on the GustoMSC NG-16000X design, with delivery scheduled for the second quarter of 2028…

Petrobras’ P-79 FPSO Arrives to Brazil to Support Búzios Growth Plan

Feb 12, 2026

Petrobras has welcomed its P-79 floating production, storage and offloading (FPSO) unit to the Búzios field in Brazil’s Santos Basin pre-salt, in line with the planned schedule.The unit, capable of producing 180,000 barrels of oil per day and compressing 7…

North Sea Wildcat Well Fails to Deliver for Vår Energi

Feb 12, 2026

Norwegian oil and gas firm Vår Energi and its partner Kistos Energy have drilled a dry well in the Balder area in the North Sea.The well 25/8-C-23 D, dubbed Prince Updip, was drilled in production license 027, from the Ringhorne platform, just over 200 kilometers west of Stavanger…

Norway Oil and Gas Investment Expected to Drop in 2026

Feb 12, 2026

Norwegian oil and gas investments are expected to decline this year and next as many field developments are completed while fewer new projects begin, a quarterly survey of the industry showed on Thursday.Norway produces about 2% of global oil and meets about 30% of Europe's gas needs…

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni, QatarEnergy and Repsol

Feb 11, 2026

Libya on Wednesday awarded oil and gas exploration blocks to foreign oil companies, including Chevron, Eni, QatarEnergy and Repsol, in its first licensing round in nearly two decades as it seeks to revitalise the sector despite ongoing political division…

SIT, Seatrium Launch Offshore and Marine Digital Learning Lab

Feb 11, 2026

The Singapore Institute of Technology (SIT) and offshore and marine engineering group Seatrium have launched an Offshore & Marine Digital Learning Lab at SIT’s Punggol Campus, aimed at accelerating maritime digitalization and supporting the energy transition…

ORLEN Acquires Stake in Afrodite Discovery from Vår Energi

Feb 11, 2026

ORLEN Upstream Norway has agreed to acquire a 25% interest in production license PL293 in the North Sea from Vår Energi, which covers the unconventional Afrodite gas discovery.The Afrodite gas discovery has the potential to deliver nearly 2 billion cubic meters of natural gas net to ORLEN…

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Feb 11, 2026

Malaysia’s Petronas, through Malaysia Petroleum Management, has launched the Malaysia Bid Round 2026, offering nine exploration blocks and six discovered resource opportunities in a move aimed at strengthening Malaysia’s position as an upstream investment hub…

Current News

Equinor Drills Dry Well in Barents Sea

Equinor Drills Dry Well in Bar

Santos Posts 25% Profit Fall, Plans to Cut 10% of Jobs

Santos Posts 25% Profit Fall,

Suriname, Guyana Plan Cross-Border Team for Join Gas Projects

Suriname, Guyana Plan Cross-Bo

Eco Wave Power Wraps Up Feasibility Study for South Africa’s Wave Project

Eco Wave Power Wraps Up Feasib

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