Regional Reports

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Offshore operations in the South China Sea
The integrated subsea production systems and the emphasis on local manufacture should help operator CNOOC reduce project costs and complexity, says SLB.
March 23, 2026
Courtesy Saipem
Jangkrik Floating Production Unit
March 23, 2026
Developed with Grok AI
TotalEnergies exits US offshore wind market
March 23, 2026
Courtesy COSL
Equinor grows Johan Castberg resource base with Polynya Tubåen oil discovery
March 20, 2026
Courtesy Aker BP
Aker BP trialling Distributed Acoustic Sensing offshore Norway
March 20, 2026
Courtesy Halvor Arne Asland/Equinor
Kvitebjørn platform in the North Sea
March 20, 2026
Courtesy ABL / ExxonMobil
ExxonMobil Payara FPSO
March 20, 2026
Courtesy MODEC
FPSO Cidade de Campos dos Goytacazes MV29
March 20, 2026
Courtesy Petrobras
offshore Colombia drilling rig
March 19, 2026

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Africa

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Libya map
Analysis suggests more than 1 Tcf in place, with the potential for a fast-track development through existing infrastructure.
March 18, 2026
Courtesy bp
Quiluma platform at night
The project, operated by Azule Energy, is the country’s first dedicated non-associated offshore gas development.
March 18, 2026
Courtesy MODEC
FPSO Baobab Ivoirien MV10
Vaalco’s offshore operations in West Africa include returning the FPSO to Baobab for development, progressing exploration in Gabon’s Niosi and Guduma blocks, and evaluating new...
March 17, 2026
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drillship offshore Namibia
Africa and the Mediterranean are poised for a significant deepwater exploration year in 2026, with up to 19 high-impact wells planned across Namibia, East Africa and Greece, driven...
March 17, 2026
Courtesy Energean
Block 14 and Block 14K Asset Location Map
Assuming clearance for the deals from various parties, Energean would operate Block 14 and join operator Trident Energy in Block 14K
March 17, 2026
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Benin map and flag
Operator Akrake Petroleum is now working to establish regular production.
March 12, 2026

Asia

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Map of Indonesia and the Java Sea
Further studies are planned to evaluate the potential of the discovery and determine its commercial viability.
March 17, 2026
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Gulf of Thailand map
The company plans to assess newly penetrated reservoir intervals for future drilling purposes.
March 13, 2026
Courtesy SLB OneSubsea
SLB OneSubsea Secures EPC Contract for Deepwater Project Offshore Malaysia
The OneSubsea joint venture has also agreed to terms to acquire Envirex Group.
March 13, 2026
Courtesy Viridien
Viridien seismic
The offshore eastern India project will address the complexities of thermogenic plays, while the shallow-water Guyana program will support future licensing.
March 12, 2026
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Timor-Leste map
The planned well will further assess the potential and characteristics of Shell’s 1998 Chuditch-1 gas discovery.
March 10, 2026
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Map: Middle East to Thailand
Both companies have pledged to prioritize production for domestic needs to offset risks to oil imports from the Middle East.
March 5, 2026

Australia & New Zealand

Courtesy bp
Atlantis Drill Center 1 expansion
The field management strategy has led to increases at Pluto and Sangomar.
Feb. 17, 2026
Courtesy Woodside Energy
offshore Wheatstone project
Woodside’s latest quarterly update highlights new project momentum in Australia and the Gulf of Mexico, from fresh FIDs and ongoing drilling to major decommissioning wins and ...
Jan. 29, 2026
Courtesy BW Offshore
BW Opal FPSO
Carnarvon Energy and Santos Ltd. are progressing their offshore gas and liquids projects in Australia. Santos is nearing startup of the Barossa LNG project despite commissioning...
Jan. 23, 2026
Courtesy TGS
TGS Bonaparte Basin map
TGS is applying modern imaging techniques to create two matched and merged datasets, which it claims will support future exploration in the area.
Jan. 23, 2026
Copyright Ole Johnny Lade / Courtesy marinetraffic.com
Transocean Equinox offshore rig
The Transocean Equinox semisubmersible rig, which has been booked by various consortia in the region on a time-share basis, will return to drilling/P&A duty for Beach Energy during...
Jan. 21, 2026
Courtesy Woodside Energy
offshore Goodwyn A platform
Wood plc will help operator Woodside Energy implement modifications to sustain production from three offshore centers connected to the NWS LNG complex.
Jan. 21, 2026

Canada

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
Photography by J E T Byrne; courtesy marinetraffic.com
SeaRose FPSO offshore Belfast, Ireland, in October 2024
Vessel motions during operations at the White Rose field offshore Newfoundland caused two gas cylinders to break free from a rack, falling to the deck.
Sept. 23, 2025
Courtesy BW Offshore
BW Offshore to become preferred bidder for the Bay du Nord FPSO project
BW Offshore and Equinor say that the FPSO will be tailored for the harsh sub-Arctic environment.
Sept. 2, 2025
Courtesy Van Oord
Van Oord completes ballasting and scour protection for offshore West White Rose project
Work started in 2024 with installation of a seabed preparation layer at the platform’s offshore location. Pipeline stabilization will begin shortly.
Aug. 29, 2025
Courtesy Allseas
Pioneering Spirit delivers first topsides offshore Canada
From heavy-lift operations to pipelaying, Allseas' Pioneering Spirit, Lorelay and Solitaire vessels have been busy working on offshore Canada and North Sea projects.
July 24, 2025

Latin America

Courtesy TotalEnergies
Map of offshore Lapa Field
The three new wells will boost production from the FPSO serving the deepwater Lapa Field.
March 17, 2026
Courtesy Petrobras
P-78 has achieved first gas injection offshore Brazil
Seatrium performed/coordinated the topsides fabrication, with the process designed to accelerate gas injection shortly after the platform delivered first oil
March 12, 2026
Courtesy United Oil & Gas Plc
Walton Basin MBES bathymetry data
Results will support United Oil & Gas’ assessment of hydrocarbon prospectivity in the offshore Walton-Morant license.
March 9, 2026
HeliRy/186697275/iStock/Getty Images Plus
Zama oilfield planning focus switched to FPSO development
The partners see this new approach as more capital-efficient compared with the earlier fixed platform concept.
March 6, 2026
jmsilva/501621560/iStock/Getty Images Plus
Venezuela plans to grant Repsol and Chevron more oil exploration and production blocks
Meanwhile, the US has issued permits that allow major oil companies to operate in Venezuela.
Feb. 28, 2026
Courtesy Brava Energia
FPSO Atlanta
OTC’s Distinguished Achievement Award for Companies recognizes Brava Energia’s execution of the Atlanta deepwater project, transforming a once “undrillable” field into a benchmark...
Feb. 27, 2026

Middle East

Courtesy Energean
Energean Power FPSO
Construction activity has progressed for the multi-field tieback to the Karish gas FPSO, where operations were recently suspended at the request of Israel’s government.
March 19, 2026
matejmo/2208992548/iStock/Getty Images Plus
US-Israeli strike on Iranian South Pars gas field escalates Persian Gulf conflict
Tehran threatens to respond in kind; Brent crude prices shoot up 5% to above $108/bbl.
March 19, 2026
iran_eb_frank_0326
The report provides insights into how regional instability affects global trade routes, increases transportation costs, and urges businesses to stress-test their supply chain ...
March 18, 2026
Courtesy TotalEnergies
TotalEnergies offshore operations
Production has been shut down or is in the process of shutting down in Qatar, Iraq and UAE offshore, representing about 15% of TotalEnergies' total output.
March 13, 2026
ronib1979/1253637422/iStock/Getty Images Plus
Iranian attacks on shipping having impact on Persian Gulf E&P
Several Gulf states are curtailing offshore production for safety reasons, but also loss of export channels.
March 12, 2026
Courtesy bp
bp and SOCAR to collaborate on seismic and well studies in the Caspian basin
The results should support geological interpretation of the subsurface in the Azerbaijan sector, supporting future exploration.
March 10, 2026

North Sea & Europe

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offshore wind turbines near Netherlands, Groningen province
A key challenge in scaling offshore wind in the UK and Ireland is the interplay between weather, logistics and a developing project portfolio.
March 17, 2026
Photo by Marit Hommedal, courtesy Equinor ASA
Equinor expected to begin Rosebank drilling soon
Odfjell Drilling’s Deepsea Atlantic rig is expected to mobilize around March 18.
March 17, 2026
Courtesy Wellesley Petroleum
Deepsea Yantai offshore rig
Also, Well Expertise has led the first deployment of a Neodrill CanDuctor from an anchor-handling vessel on the Norwegian Continental Shelf, acting on behalf of Wellesley as license...
March 17, 2026
Courtesy Tenaz Energy's Corporate Presentation, February 2026
K15-FA offshore platform
The well in a previously untested fault block flowed 23 MMcf/d during testing and should be brought onstream this summer.
March 16, 2026
Courtesy Fugro
Fugro supports Ireland’s planned first commercial offshore wind farm
Offshore wind development advances with Fugro and Interocean to support Irish Sea and North Sea projects.
March 13, 2026
Courtesy IKM Testing
Triton FPSO
The terms of the company’s new contract include engineering modification and shutdown services, where required.
March 12, 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
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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

Courtesy bp
BP wins US approval for Kaskida project in Gulf of Mexico
bp plans to use a simplified and standardized platform design that can be replicated across future Gulf projects.
March 17, 2026
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offshore oil and gas oeprations
Phoenix Energy CEO Adam Ferrari discusses the role of US offshore oil and gas in strengthening energy security, managing geopolitical risk and supporting long‑term production ...
March 13, 2026
Courtesy BOEM
‘Big Beautiful Gulf 2’ lease sale generates nearly $47 million in high bids
But results indicate considerable decline compared to BBG1 lease sale total of $300 million.
March 11, 2026
Alvaro Victor/2155011277/iStock/Getty Images Plus
BOEM releases five Beaufort Sea seismic survey datasets
The five 3D seismic surveys are expected to support energy development, analysis and geologic research.
March 11, 2026
Courtesy BOEM (Bureau of Ocean Energy Management)
BOEM issues national assessment of undiscovered oil and gas reserves on the US OCS
National Assessment estimates a recoverable resource of 65.80 Bbbls of oil and 218.43 Tcf of natural gas along the Outer Continental Shelf.
March 10, 2026
Courtesy: Bureau of Ocean Energy Management
US Interior Department announces ‘rollback’ of supplemental financial assurance rule
The change is expected to save industry about $484 million annually in compliance costs.
March 6, 2026