Regional Reports

Courtesy NewMed Energy
Map of Cyprus Offshore Blocks
Shell expects to receive up to $720 million tied to future project milestones, with FID targeted for 2027.
Aug. 3, 2026
Courtesy Ulstein
SW Bly seismic research vessel
Aug. 3, 2026
Courtesy Noble Corp.
noble discoverer drilling rig
Aug. 3, 2026
Courtesy GAZ-SYSTEM
Gdansk LNG terminal, Poland – courtesy of GAZ-SYSTEM
July 31, 2026
Courtesy Allseas
Sandpiper pipelay barge
July 31, 2026
Courtesy bp
Clair Ridge offshore production
July 31, 2026
Courtesy VesselFinder.com
Seven Seas vessel
July 30, 2026
Courtesy BW Energy
Dussafu operations offshore Gabon
July 30, 2026
Courtesy bp
bp starts production on its Atlantis Major Facility Expansion project
July 30, 2026

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Africa

Courtesy MODEC
FPSO Léopold Sédar Senghor
Strong production performance at the deepwater Sangomar oil field offshore Senegal is prompting Woodside Energy and its partners to evaluate a second-phase development targeting...
July 29, 2026
Courtesy TotalEnergies
Namibia approves TotalEnergies’ takeover of Mopane operatorship
Move paves way for creation of unified Venus-Mopane deepwater hub.
July 29, 2026
Courtesy Saipem
Eni hires Saipem for intensive subsea construction program at Baleine offshore Côte d’Ivoire
Duties include construction and installation of rigid export pipelines and T&I of the subsea production systems and risers.
July 27, 2026
Courtesy TGS
Ghana map of 2D cubed data area
Phase 1 of the 2D-cubed project will combine legacy seismic datasets into a unified 3D volume designed to support exploration and licensing decisions.
July 23, 2026
Courtesy Petrobras
Map of Block 3 offshore São Tomé and Príncipe
The company initiated the farm-in deal in April. Other partners are Oranto (15%) and the National Petroleum Agency of São Tomé and Príncipe (10%).
July 10, 2026
Courtesy Eni
offshore Baleine operations 2024
TechnipFMC will manufacture the flowlines and risers for the third-phase development of the Baleine Field offshore Côte d’Ivoire.
July 9, 2026

Asia

Courtesy Pharos Energy
Map: Pharos Energy assets offshore Vietnam
The transaction would take Serica beyond its traditional UK North Sea focus, adding producing offshore assets in Vietnam and positioning the company for broader international ...
July 27, 2026
Courtesy Velesto Energy Berhad LinkedIn
NAGA 8 jackup rig
Chevron subsidiary Hess Exploration and Production Malaysia has awarded Velesto Drilling a $51-million contract for integrated drilling and completion services, with the NAGA ...
July 24, 2026
Courtesy Tetragon Energy
Map: Permits SC-80 (PDA-2) and SC-81 (PDA-3) in the Sulu Sea
With a $1.45 million investment, Tetragon and partners seek to enhance data quality using supercomputing technology, supporting future appraisal, development, and potential drilling...
July 17, 2026
ID 446719766 © Andrey Popov | Dreamstime.com
Female Engineer Monitors SCADA System In Oil And Gas Plant
The three companies will jointly work on AI-based solutions to support PETRONAS’ upstream E&P operations.
July 14, 2026
Courtesy Halliburton
LOGIX automation and remote operations conceptualization
The project is the first in Asia-Pacific to combine full rig automation with managed pressure drilling in a connected system.
July 14, 2026
Courtesy Maersk Training
Advanced simulation-based and accredited training
The new Kuala Lumpur facility will provide simulator-based drilling, well control and emergency response training for offshore personnel, supporting workforce development across...
July 8, 2026

Australia & New Zealand

ID 119381241 © Tomas Griger | Dreamstime.com
New Zealand on globe
Sunda Energy is seeking a new offshore exploration permit in New Zealand's Taranaki Basin, aiming to advance the Awakino gas condensate discovery while assessing broader exploration...
July 17, 2026
Courtesy Songa Offshore
Transocean Equinox rig
The Juliet well could support future gas supplies as Amplitude targets first production from its East Coast Supply Project in 2028.
July 17, 2026
Courtesy Woodside
Woodside succeeds ExxonMobil as leader of Gippsland, Kipper ventures
The various offshore fields supply 40% of Australia’s east coast domestic gas needs.
July 5, 2026
Courtesy Esso and Woodside Energy's "Bass Strait pipeline network" poster, August 2023
Bass Strait pipeline network
A multi-platform campaign in the Gippsland Basin was delivered on an accelerated schedule and secures follow-on work.
June 18, 2026
Courtesy Woodside Energy
Map: Browse to NWS Project
The company plans to match CNPC’s terms for selling a 10.67% share in the multi-field development offshore Western Australia.
June 12, 2026
Courtesy VesselFinder.com
Transocean Equinox offshore rig
Santos and its partners intend to test multiple prospects in the same region as the Dorado oilfield development.
June 2, 2026

Canada

Courtesy Equinor Canada
bp exits, Equinor looking to bring in new partners on Bay du Nord project
Altera Infrastructure to own and operate newbuild floater as Côte d’Ivoire ramps up to 150,000 b/d of oil.
July 6, 2026
Courtesy Colleen McConnell/Cenovus
White Rose Field offshore assets
The contractor has assisted operations since 2005, including the recent tow-out and installation of the West White Rose platform.
July 2, 2026
Courtesy Cenovus Inc.
SeaRose FPSO vessel
First oil for the West White Rose project is expected in third-quarter 2026.
May 11, 2026
Courtesy of the Canada-Nova Scotia Offshore Energy Regulator (CNSOER)
Canadian officials visit CERAWeek to promote energy opportunities offshore Nova Scotia
Current call for bids covers 13 parcels – five shallow-water near the Sable Island area and eight deeper-water areas.
March 25, 2026
Courtesy Cenovus Energy
SeaRose FPSO vessel
Operator Cenovus Energy expects the facility to produce first oil by mid-year.
Feb. 19, 2026
Courtesy Allseas
West White Rose platform
Production from the West White Rose Field could lift Cenovus Energy’s output in the Eastern Atlantic region to 25,000 bbl/d next year.
Dec. 15, 2025

Latin America

HHakim/157586061/E+/Getty Images
Harbour Energy launches international tender for Zama field FPSO
The operator is seeking contractors for an FPSO FEED scope as the offshore Mexico project moves toward FID.
July 16, 2026
Courtesy Karoon Energy
Who Dat in the offshore US Gulf Coast
LLOG has deferred restoration of production from the Who Dat E manifold to the second half of 2027 following a technical review, while upcoming Gulf of Mexico well startups and...
July 7, 2026
Courtesy Staatsolie
Petronas adds oil, gas discoveries in Block 52 offshore Suriname
The Caiman and SAC exploration wells have lifted proven resources across the block above 1 Bboe.
July 7, 2026
Courtesy APA Corp.
Report: TotalEnergies to begin new drilling in Suriname next year
The French energy major hopes to launch a multi-well exploration program next year, contingent on rig availability, according to its VP for Exploration in the Americas.
June 26, 2026
Courtesy Staatsolie
Map: Open Acreage offshore Suriname
The current Open Door application process runs through mid-September.
June 25, 2026
landbysea/169974396/E+/via Getty Images
Petrobras signs MoU with Pemex for E&P development
The companies will evaluate mature fields, seismic reprocessing, and development opportunities in deepwater and ultra deepwater areas.
June 23, 2026

Middle East

Courtesy Stena Drilling
Shell exploration well offshore Egypt indicates possible commercial discovery
The Velox-1X exploration well raises the prospect of the first crude oil discovery in the 'Western Mediterranean.'
July 28, 2026
ID 250132925 © Antama Zulka Dinufa | Dreamstime.com
ADNOC announces FID for $6.2-billion Umm Shaif gas cap development project
The offshore project is expected to add more than 600 MMcf/d to the UAE’s natural gas production.
July 21, 2026
Courtesy Shana News Agency
Green light for South Pars Phase 11 expansion
A major processing platform at Reshadat and ongoing South Pars well programs are set to boost Iran’s oil and gas output, with new wells, infrastructure and environmental approvals...
June 26, 2026
Courtesy Saipem
PERRO NEGRO 10
Five jackups owned or leased by the Saudi-based operation are included in the package.
June 24, 2026
Courtesy bp
offshore Central Azeri PDQ
The C44 well, drilled from the West Azeri platform, is said to be the first multilateral drilled in the Caspian Sea.
June 4, 2026
Courtesy bp
Central Azeri operations in the Caspian Sea
Production comes from an initial well drilled in the Qirmaki Lower Send reservoir beneath the oil reservoirs.
June 1, 2026

North Sea & Europe

Courtesy COSL
COSL Pioneer semisubmersible drilling rig
The COSL Pioneer has spud a trilateral production well for Balder Phase VI, while upgrades to the Jotun FPSO move forward ahead of additional production later this year.
July 29, 2026
Illustration generated with Microsoft Copilot
offshore CCS
As offshore carbon capture and storage projects advance, legacy wells are emerging as one of the industry's most closely watched integrity challenges. In this Q&A, Aquaterra Energy...
July 29, 2026
Courtesy poshydon.com
hydrogen-producing plant on the Eni-operated Q13a-A platform
The PosHYdon project has begun producing green hydrogen offshore, testing whether existing North Sea energy infrastructure can support future large-scale hydrogen production.
July 28, 2026
ID 342531727 © Claffra | Dreamstime.com
Offshore gas platform in the Dutch North Sea
The Dutch North Sea project aims to transport and permanently store captured CO2 using a combination of repurposed offshore assets and new infrastructure.
July 27, 2026
Courtesy HyNet North West
Lease granted for re-use of Liverpool Bay structures for HyNet CCS
The Crown Estate has moved forward Eni's Liverpool Bay CCS project and reopened bidding for the 1.5-GW Morgan offshore wind development in the Irish Sea.
July 27, 2026
Courtesy Transocean
Transocean Enabler offshore drilling rig
The discovery could provide additional volumes for one of Norway's newest Arctic oil developments.
July 24, 2026

Russia

Courtesy Lukoil
lukoil
Lukoil has opened a new center for core and reservoir fluids research in Perm, Russia.
Jan. 9, 2024
Courtesy Lukoil
Lukoil
Lukoil has proven a large new gas-condensate field in the Russian sector of the Caspian Sea.
Feb. 7, 2023
Courtesy Nord Stream
Nord Stream 1 Castoro Dieci Lowering The Pipeline 62d73205d779e
Russian leader blames Western sanctions for the shutdown.
Sept. 8, 2022
Photo 172014063 © Alexander Dorn | Dreamstime.com
In Memoriam
Ravil Maganov, chairman of Russia's second largest oil producer Lukoil, died on Sept. 1 after falling from a hospital window in Moscow, a source familiar with the situation told...
Sept. 2, 2022
Photo 188129768 © Max5128 | Dreamstime.com
Construction takes place on the offshore section of the Nord stream-2 gas pipeline on the bottom of the Baltic sea.
Russia will halt gas supplies to Europe for three days at the end of the month via its main pipeline into the region, Gazprom said on Friday, piling pressure on the region as ...
Aug. 19, 2022
Courtesy Rystad Energy August 2022
Iran Direct Octg Imports Rystad Energy
Metallurgical issues could impact Gazprom’s plans to support Iran’s offshore gas field development plans, according to Rystad Energy.
Aug. 15, 2022

US & Gulf of Mexico

Source: Offshore Magazine/Microsoft Copilot; project data from Talos Energy
Map: Block 29 development offshore Mexico
The companies aim to advance the Polok and Chinwol discoveries toward FID, with plans for an FPSO-based development capable of supporting future regional tiebacks.
July 28, 2026
Courtesy Delfin Midstream Inc.
Delfin Midstream partners with MidOcean Energy to advance second FLNG vessel
Delfin also issued a limited notice to proceed to Siemens Energy for four gas turbines and mixed-refrigerant compressors.
July 15, 2026
David Holland/2252644931/iStock/Getty Images Plus
The Gulf of Mexico's orphaned well challenge can be solved through responsible late-life stewardship
Founder & CEO of Promethean Energy, Aditya Singh, shares lessons from executing orphaned well decommissioning projects in the Gulf of Mexico.
July 9, 2026
Courtesy bp
Shell sells Na Kika, Coulomb interests to Talos Energy/Ridgewood Energy
The deal reflects a broader industry trend of majors rationalizing mature or non-core positions in the US Gulf of Mexico.
July 1, 2026
Courtesy bp
bp reportedly initiates sale of minority interests in Kaskida, Tiber projects
The two projects still form a core part of bp’s plan to invest around $10 billion in its US Gulf Paleogene developments.
June 16, 2026
ID 25500068 © Su Xingmin | Dreamstime.com
Gulf of Mexico map
Beacon Offshore Energy's developments in Walker Ridge and Mississippi Canyon are progressing well, with plans for further drilling and production activities.
June 16, 2026