Business Briefs

Courtesy Chevron
Chevron announces 2026 capex budget of $18 to $19 billion
Global offshore capex is expected to be approximately $7.0 billion, primarily supporting growth in Guyana, Eastern Mediterranean and the ‘Gulf of America.’
Dec. 4, 2025
Courtesy vesselfinder.com
Bonga Main FPSO
Shell has completed its acquisition of an increased interest in Nigeria’s deepwater Bonga Field.
Nov. 25, 2025
Courtesy Conrad Asia Energy's "Positioned to Capitalise on the World’s Fastest Growing Energy Region" presentation, May 2025
Map: Duyung PSC and Mako Gas Field
Conrad Asia Energy's subsidiary WNEL has agreed to farm out a 75% stake in the Duyung PSC offshore Indonesia to Nations, retaining a 25% operated interest and aiming for first...
Nov. 25, 2025
Courtesy Custos Energy
TotalEnergies and Chevron vie for stake in Namibia field
Both companies are reportedly wanting to acquire a 40% stake in Galp Energia’s Mopane discovery.
Nov. 25, 2025
ID 142512496 © Siarhei Yurchanka | Dreamstime.com
Murphy Oil selects GeoComputing for cloud services
Murphy subsidiary will migrate its exploration and subsurface workflows to a private cloud platform.
Nov. 21, 2025
Courtesy TotalEnergies
map of OPL 257 area
TotalEnergies and Conoil have entered two license exchange deals, one of which will strengthen TotalEnergies’ position close to the deepwater Egina hub.
Nov. 20, 2025
Rodrigo Abreu de Oliveira Santos / Roberto Antunes Kattan - ©Equinor
Peregrino C platform in Brazil
The Brazilian independent has acquired a 40% operated interest from Equinor in the Peregrino oil field in the Campos Basin, with an agreement in place to transfer a further 20...
Nov. 14, 2025
Photo 45185193 © Rawpixelimages | Dreamstime.com
Crowd of business professionals walking in similar direction
This update provides the latest in senior appointments, promotions, retirements, company news and more across the offshore oil and gas and offshore renewables sectors.
Oct. 3, 2025
ID 332093229 © Dzmitry Halavach | Dreamstime.com
offshore energy companies make leadership changes
New CEOs and leaders at Tullow Oil, Adura Energy, Panoro Energy and Meren Energy bring extensive experience in upstream oil and gas, LNG projects and offshore production.
Sept. 10, 2025
Photo 45185193 © Rawpixelimages | Dreamstime.com
People in business attire walking.
This update provides the latest in senior appointments, promotions, retirements, company news and more across the offshore oil and gas and offshore renewables sectors.
June 30, 2025
Courtesy Iberdrola
Pedro Azagra.
Pedro Azagra has been named the new CEO of the Iberdrola Group.
June 24, 2025
ID 345067201 © AminaDesign | Dreamstime.com
Silhouetted workers on a ship deck admire sunset-lit wind turbines.
The UK renewable energy sector aims to equip new workers with the right set of skills, bring in new talent with transferable skills and benefit local communities.
June 13, 2025
ID 140779807 © Andrii Yalanskyi | Dreamstime.com
Concept art - wooden blocks with a single green leader block
With more than 30 years of experience in the upstream oil and gas industry, Thomas Mitchell (Mitch) Little has relocated to Singapore to take over the reigns as Jadestone Energy...
June 2, 2025
Courtesy North Sea Transition Authority
Line chart: R&D spend versus transfer spend
The UK’s North Sea operators are adopting a range of innovative tools, from subsea systems to digital solutions, to enhance drilling, production and environmental management, ...
Nov. 25, 2025
Courtesy Sulzer
Seatrium selects Sulzer pumps packages for the Petrobras P-84 and P-85 FPSOs
Sulzer says that it will deliver three water injection pumps, two booster pumps, and two seawater booster pumps.
Nov. 21, 2025
Courtesy QT Environmental
QT Environmental assists with 2010-2011 Deepwater Horizon incident
Josh Clifford, VP of QT Environmental, explains why offshore spill response demands more than technology; it requires integrated planning, collaboration and readiness for real...
Nov. 20, 2025
Courtesy Noble Corp.
Noble Invincible offshore jackup rig
Noble Corp. has initiated a joint industry partnership to accelerate the design, testing and qualification of a CO2-specific drilling system.
Nov. 20, 2025
Courtesy Ørsted
Ørsted successfully pilots new monopile installation technology
Luxcara plans to deploy the Osonic jetting-based technique for low-noise monopile installations at German offshore wind farms.
Nov. 18, 2025
Alvaro Victor/iStock/Getty Images Plus
FPSO fleet correlations: topsides weight vs. processing capacity
FPSOs attempting to reduce emissions and increase electrification will likely require even greater topsides weight.
Nov. 14, 2025