Axxim Asset Management News

 

Petronas Awards Estuary Cluster PSC to Harvester Energy

Sep 10, 2026

Petronas has awarded a production sharing contract for Malaysia's Estuary Cluster to Harvester Energy and handed over enhanced seismic data for the Mutiara Cluster to DIALOG Resources, advancing development of discovered oil and gas resources in two Malaysian basins.Malaysia Petroleum Management (MPM), the upstream governing body of Petronas, awarded the Small Field Asset Production Sharing Contract (SFA PSC) for Estuary to Harvester Energy (Malaysia)…

Apollo Tests Buyer Interest in $3B-Plus FLNG Business

Sep 18, 2026

Apollo Global Management is exploring strategic options for Energos Infrastructure, in a deal that could value the floating liquefied natural gas infrastructure provider at more than $3 billion, people familiar with the matter said.The investment…

Spinergie Expands Software Platform into Offshore Logistics

Sep 17, 2026

Spinergie, an Intelligence & Operations platform, announced its expansion into offshore logistics with a solution for planning, managing and optimizing personnel and cargo logistics for the offshore energy sector. The platform is designed to…

Pemex Contains Oil Leak from Gulf of Mexico Pipeline

Sep 14, 2026

Mexico’s state-run oil firm Pemex has begun repairing an offshore pipeline after a crude oil release about 46 nautical miles off Ciudad del Carmen, Campeche, with the pipeline isolated and no further oil being released.Personnel at the Cantarell…

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Sep 09, 2026

Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured an offshore Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contract from India's Oil & Natural Gas Corporation (ONGC) for the Additional…

Eni Picks McDermott for Cronos Field Subsea Work off Cyprus

Sep 08, 2026

McDermott has secured a subsea contract from Eni for the Cronos gas field development offshore Cyprus, following the recent final investment decision for the country's first gas development.Under the contract, worth between $500 million and $750 million…

Proserv Secures Equinor Contract for Dudgeon Offshore Wind Farm

Sep 03, 2026

Proserv has secured a full deployment contract with Equinor to install its ECG™ cable monitoring technology at the 402 MW Dudgeon Offshore Wind Farm off the Norfolk coast, UK, with deployment scheduled to commence in 2027.Located approximately 32 km off the north Norfolk coast…

Borkum Riffgrund 3 Enters Commercial Operation

Aug 31, 2026

Ørsted and Nuveen Infrastructure’s German offshore wind farm Borkum Riffgrund 3 has been commissioned and is now in commercial operation. With an installed capacity of 913MW, the project is one of Germany’s largest offshore wind farms currently in operation…

GHL Seeks to Settle Dolphin Drilling Dispute with Cash, Nigeria Rig Work

Aug 28, 2026

General Hydrocarbons Limited (GHL) has approached Dolphin Drilling with a non-binding proposal combining a potential deployment of the Blackford Dolphin rig in Nigeria with a cash settlement of a portion of an approximately $105 million arbitration award…

Energean Enters Exclusive Talks for BP's Egypt Oil and Gas Assets

Aug 28, 2026

Gas producer Energean is in exclusive talks to buy some of BP's upstream oil and gas assets in Egypt, two people involved in the process told Reuters.The deal, which could raise about $1 billion for BP, includes its stakes in the producing offshore West Nile Delta assets…

Alexandre de Gusmão FPSO Reaches Peak Production

Aug 20, 2026

The Alexandre de Gusmão FPSO, the fifth installed in the Mero field in the pre-salt layer of the Santos Basin, has reached peak production at 180,000 barrels of oil per day (bpd). Mero is the third largest producing field in Brazil, after Búzios and Tupi…

Equinor to Supply Oil from Johan Sverdrup to ORLEN

Aug 20, 2026

Equinor has signed an agreement with Poland’s ORLEN for the sale of crude oil from the Johan Sverdrup field on the Norwegian continental shelf. The agreement will run for three years from the beginning of September.Annual supplies under the…

Panoro Energy to Acquire Côte d’Ivoire Producing Asset from DNO

Aug 19, 2026

Panoro Energy has entered into a definitive agreement with DNO to acquire the entire share capital of DNO’s wholly owned subsidiary DNO CI which holds an indirect 9.09 percent interest in the high-quality gas producing Block CI-27 offshore Côte d’Ivoire…

SLB to Support BSP Production Restoration Project

Aug 18, 2026

SLB has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.The contract scope spans subsurface evaluation, well candidate selection, engineering and offshore execution…

TGS and GTI Collaborate on Seismic Acquisition

Aug 14, 2026

TGS and Geophysical Technology Inc. (GTI), a global provider of seismic recording technology and services, have announced a strategic collaboration agreement to jointly pursue seismic acquisition projects spanning shallow water, transition zone…

Current News

Sponsored: ADIPEC 2026 to Mobilise Investment in Energy Systems Powering Global Growth

Sponsored: ADIPEC 2026 to Mobi

Fugro Nets Australian Subsea Asset Integrity Contract

Fugro Nets Australian Subsea A

Stillstrom Picks Semco for Offshore Charging Equipment

Stillstrom Picks Semco for Off

SLPE Takes Foundation Design Role at EnBW's German Offshore Wind Farm

SLPE Takes Foundation Design R

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine