Field Development News

 

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…

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Jan 06, 2026

Chinese multinational oilfield equipment and services provider Jereh Group has delivered slop treatment units and oil purifiers to CIMC Raffles for Petrobras’ P84 and P85 floating production storage and offloading (FPSO) units, bound for deployment at the Atapu and Sépia fields…

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…

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…

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…

India Seeks $30B from Reliance, BP Over Gas Shortfall at Offshore Fields

Dec 29, 2025

India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields, according to three people with knowledge of the matter.A tribunal…

Baker Hughes Secures Kuwait Oil Company Contract for Production Uplift

Dec 26, 2025

Baker Hughes has signed a multi-year contract with Kuwait Oil Company (KOC) to supply advanced artificial lift systems and related services aimed at boosting production across Kuwait’s oil and gas fields.Under the agreement, Baker Hughes will…

South Korean Firm Buys Into Indonesian Offshore Oil Block

Dec 26, 2025

SK Earthon, the energy resource development unit of SK Innovation, has acquired a 34% stake in the North Ketapang exploration block offshore Indonesia, expanding its upstream presence in Southeast Asia.The stake was acquired from Petronas North Ketapang…

Current News

Venterra Company, CAPE Holland, Awarded Contract for Fengmiao Offshore Wind Farm

Venterra Company, CAPE Holland

Bae Systems Launches Incubator Program to Propel Technologies Beyond Defense

Bae Systems Launches Incubator

DOF Group ASA Contract Award for Well Intervention Services in North America

DOF Group ASA Contract Award f

Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform

Jacket Loadout Milestone Compl

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