Norwegian subsea services firm Reach Subsea has received a letter of intent for a multi-year contract covering inspection, maintenance and repair (IMR) and light construction services in the Mediterranean and Black Sea.Aside from the letter of intent…
Vår Energi has exercised a second option for the COSL Drilling Europe's COSLPioneer semi-submersible drilling rig.The extension builds on existing operations and reflects continued cooperation between the companies.The COSLPioneer is a semi…
Petrobras has confirmed that Brazil’s oil regulator approved production individualization agreements for the Sururu and Berbigão shared reservoirs in the Santos Basin, with the agreements taking effect on May 1.Petrobras was notified by the National Agency of Petroleum…
Norway’s Ministry of Energy has launched the APA 2026 licensing round, expanding available exploration acreage on the Norwegian continental shelf by 70 blocks across the North Sea, Norwegian Sea and Barents Sea.The Awards in Predefined Areas…
Energy data and intelligence TGS has secured a new multi-client 3D streamer acquisition and processing project in the Åsta Graben area of the Norwegian North Sea.The new GeoStreamer survey will expand on TGS’ existing data coverage in the area…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured two contracts, marking its entry into Africa and Latin America and expansion of its footprint into new offshore energy markets.The…
Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract to prepare the Kvitebjørn platform for production from the Atlantis subsea tie-in project in the North Sea.Atlantis is a gas condensate discovery located about…
Multidisciplinary consultancy AGR has entered into a partnership agreement to onboard the offshore support vessel Aquaman II, expanding its capacity for subsea operations, plug and abandonment (P&A) and decommissioning work in the North Sea…
Norwegian offshore vessel owner and subsea services provider DOF Group said it has secured a contract for subsea commissioning support services in the Asia-Pacific region, with offshore operations planned in North Australian waters.The company…
Shell and INEOS Energy have agreed to jointly invest in new oil and gas exploration and development opportunities near the Appomattox platform in the Gulf of America.INEOS will acquire a 21% working interest for an undisclosed amount, aligning with its existing stakes in Appomattox…
Equinor has started production at the Eirin field in the North Sea, with gas now being exported to Europe via the Gina Krog and Sleipner A platforms.The subsea development, tied back to the Gina Krog platform, was completed in about three years and is expected to recover around 27…
BP plans to complete its three-well appraisal plan for the Bumerangue project in Brazil's offshore Santos basin by the end of next year's first semester, the firm's senior vice president for upstream in Brazil said on Monday.The company will…
Brent crude futures retreated on Tuesday but held near $114 a barrel following fresh hostilities in the Middle East, while investors monitored developments in the U.S.-Israeli conflict with Iran.The U.S. and Iran launched new attacks in the…
Thailand on Tuesday unilaterally terminated a longstanding agreement with Cambodia to work towards joint offshore energy exploration, defying calls from its neighbour to stay the course on the 25-year-old pact.The Thai cabinet's cancellation of the agreement…
Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy, says Wood Mackenzie.The models suggest these projects have fragile economics…