Petrobras has identified another oil-bearing interval in the Morpho well in ultra-deep waters off Brazil's Amapá coast, marking the third oil discovery in block FZA-M-59.The latest discovery was confirmed following continued evaluation of other intervals of interest after previous discoveries announced in August and early October 2026.The Morpho well is located in water depths of 2,886 meters, with drilling and geological data acquisition now completed…
Hornbeck Offshore Services has signed multiple agreements with Shell to provide deepwater well intervention and marine support services in the U.S. Gulf of America, with operations scheduled to begin in 2027.The agreements cover riser-based well intervention…
An offshore project can appear to be progressing on schedule until one contractor is ready to move forward and the next cannot start. What appears to be a relatively minor contractual or technical issue can quickly develop into a much larger…
Thermoplastic composite pipe (TCP) manufacturer Strohm has secured a contract to supply four gas production jumpers for an ultra-deepwater field in Southeast Asia, with installation planned at water depths exceeding 2,200 meters.The contract covers four carbon fibre PA12 TCP jumpers…
Reach Subsea and Eidesvik Offshore have completed the sale of the inspection, maintenance and repair (IMR) vessel Viking Reach, with the vessel delivered to its new owners on October 26.The transaction was completed through Eidesvik Reach, a joint venture between Reach Subsea and Eidesvik Offshore…
OneSubsea has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop and qualify fully electric subsea production technologies for applications in water depths of up to 3,000 meters.The Brazil All-Electric Joint Industry Project (JIP)…
Equinor has exercised options for two additional wells using Odfjell Drilling's Deepsea Atlantic semi-submersible rig, extending its firm contract into the late fourth quarter of 2027.The additional wells will be drilled in direct continuation of the rig's existing contract…
Worley Rosenberg has secured a contract from Subsea7 to fabricate subsea structures and spools for the second phase of Norway's Northern Lights carbon capture and storage (CCS) development.The contract covers fabrication of key subsea infrastructure…
Conrad Asia Energy has confirmed the arrival of the Valaris 104 jack-up rig at PaxOcean's shipyard in Batam in Indonesia, where it will be converted into a mobile offshore production unit (MOPU) for the Mako gas project in the West Natuna Sea…
Offshore drilling contractor Transocean has added approximately $1.1 billion to its firm contract backlog following final approval of a previously announced agreement with Equinor and a new drilling contract with Shell offshore Norway.The company…
Energy services company Weatherford International has secured a two-year extension of several strategic framework agreements with Equinor and been selected as the primary provider of completion systems for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf…
Rockhopper Exploration has agreed to invest $44 million to acquire a 35% interest in the OSX-1 floating production, storage and offloading (FPSO) vessel, which is planned for the accelerated development of the Sea Lion oil field in the North Falkland Basin…
Chevron and the Egyptian Natural Gas Holding Company (EGAS) have signed an agreement covering at least $88 million of investment in natural gas and crude oil exploration and production in the Lotus offshore area in the Mediterranean Sea.The…
Drilling waste management specialist TWMA has secured a multi-million-dollar contract from an unnamed North Sea operator to provide offshore drilling waste management services for a multi-well campaign in the UK North Sea.The contract, awarded under an existing agreement…
Well integrity and decom specialist Unity has launched an ultra-compact blowout preventer valve designed to enable well intervention in space-constrained offshore environments where conventional Blowout Preventer (BOP) systems cannot be deployed…
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