Valaris has added about $220 million to its contract backlog through new offshore drilling contracts and extensions since its previous fleet update in August, including work in Suriname, Australia and the North Sea.The offshore driller secured a two-well exploration contract with PETRONAS Suriname Exploration & Production for drillship VALARIS DS-18, following a previously announced Letter of Award…
TechnipFMC has been awarded a subsea contract worth between $75 million and $250 million by Petrobras to supply flexible pipe systems for multiple pre-salt developments offshore Brazil.The contract, awarded following a competitive bidding process…
Framo has signed a four-year agreement with Petrobras to inspect and maintain pumping systems across the Brazilian energy company's fleet of about 30 floating production, storage and offloading (FPSO) units, in what the Norwegian pump manufacturer…
Equinor has raised the cost estimate for the Snøhvit Future project to $2.77 billion (NOK 26.5 billion) in 2026 value, citing greater-than-expected complexity and operational, weather and construction challenges, while keeping the project's timetable unchanged…
Yinson Production has priced $1.458 billion of senior secured notes to refinance debt linked to its Agogo floating production, storage and offloading (FPSO) unit operating offshore Angola, in what the company said was the largest FPSO project bond to date…
Buchan Offshore Wind has secured DNV Basic Design Certification for the BW Ideol-designed concrete Damping Pool floating foundation planned for its nearly 1 GW project off Scotland, marking a further engineering milestone ahead of commercial-scale development…
Danish contractor Cadeler has completed installation of all 76 wind turbines at the 1.2 GW Baltic Power project, Poland's first offshore wind farm, using its jack-up vessels Wind Osprey and Wind Mover.The completion of the turbine campaign moves…
Nigeria has launched its 2026 oil and gas licensing round, offering 40 blocks spanning onshore, shallow-water and deepwater areas as the country seeks new investment and higher production.Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 9.8% and 23%, respectively, from nominal estimates a year ago, data from the government's fiscal budget showed on Wednesday.The…
Verlume has completed hyperbaric testing of the enclosure for its Orah subsea energy storage system, clearing a qualification milestone ahead of its planned deployment at the OranjeWind offshore wind farm in the Dutch North Sea.The testing was…
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…
Chevron said on Tuesday it was transporting non-essential personnel from its offshore platforms in the Gulf of Mexico as a possible tropical storm approached the US Gulf Coast.'Production from Chevron-operated assets remains at normal levels…
Vaalco Energy has completed its Phase 3 drilling program offshore Gabon after bringing the ETSEM-3H development well onstream at an initial stabilized rate of about 2,000 barrels of oil per day, while drilling has started on its Baobab Phase 5 program offshore Côte d’Ivoire…
Shell's third-quarter integrated gas production was expected to be about 740,000 to 780,000 barrels of oil equivalent per day, the company said on Wednesday, compared with a previously expected range of 570,000 to 630,000 boed.In the second quarter…
Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.Brent futures LCOc1 rose 81 cents…
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