Regional Reports

Courtesy Norwegian Offshore Directorate
Transocean Norge rig
The two wells proved small quantities of gas and condensate, which could be developed via existing facilities serving the Vega Field.
Dec. 19, 2025
Courtesy TGS
TGS Energy Data Value Chain
Dec. 19, 2025
Courtesy Subsea7
Subsea7 vessel
Dec. 19, 2025
Courtesy ADNOC
Hail and Ghasha island under construction
Dec. 19, 2025
Courtesy SBM Offshore LinkedIn
SBM Offshore worker on an FPSO
Dec. 19, 2025
Courtesy Ineos Energy
Project Greensand in the North Sea
Dec. 19, 2025
Courtesy Island Offshore
Island Valiant vessel
Dec. 19, 2025
Courtesy Eni
Coral North FLNG
Dec. 18, 2025
Courtesy Noble Corp.
Noble Resolute offshore jackup rig
Dec. 18, 2025

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Africa

Courtesy TGS
TGS multi-client library offers a comprehensive view of the subsurface offshore Mauritania
The new 100,000-sq-km 3D acquisition program is intended to de-risk future exploration over frontier areas offshore Mauritania and the broader West African Atlantic Margin.
Dec. 18, 2025
Courtesy Chevron Angola
Chevron's Lianzi Unitization Zone offshore Angola
BW Energy jointly negotiated the acquisition of the 20% interests, which they hope to complete next year.
Dec. 15, 2025
Courtesy Northern Ocean Ltd. LinkedIn
Deepsea Mira offshore rig
Both the contracts with Valaris and Northern Ocean contain options for extensions.
Dec. 12, 2025
Courtesy Viridien
Viridien Full Waveform Inversion (FWI) model
The program involves use of Viridien's latest techniques to image potential hydrocarbon structures in Block 22, which will be offered in Angola’s next offshore licensing round...
Dec. 12, 2025
Courtesy TotalEnergies
TotalEnergies' Namibia PEL83 map
Subject to approval by Namibia’s government, TotalEnergies would take a 40% operated interest from Galp in the Mopane discovery, in exchange ceding 10% of its interest in the ...
Dec. 9, 2025
Courtesy Borr Drilling LinkedIn
Borr Drilling's Norve rig
The current infill well from the Etame platform will be followed by further wells and workovers from other platforms to sustain production and potentially raise reserves.
Dec. 9, 2025

Asia

Courtesy EnQuest
EnQuest's PM8/Seligi
Major offshore players are accelerating projects and reshaping portfolios across Asia-Pacific, from deepwater gas studies in Indonesia to early production in Malaysia and asset...
Dec. 18, 2025
©Technip Energies_Slawek Kozdras
Technip Energies awarded engineering contract for Thailand CCS project
Technip Energies’ detailed engineering scope for PTTEP’s development covers new CCS and CO2 injection equipment and platform modifications at the Arthit Field.
Dec. 17, 2025
Courtesy TotalEnergies
Map of blocks SK408 and SK310 offshore Sarawak, Malaysia
Following PTTEP’s acquisition of a minority interest in Block SK408, the partners plan to invest in new facilities to increase production.
Dec. 16, 2025
ID 138549745 | Road © Hyotographics | Dreamstime.com
Brunei map
PETRONAS Carigali has awarded McDermott and MISC Berhad major contracts for engineering, installation, and floating production services to support Brunei’s offshore gas development...
Dec. 10, 2025
Courtesy Prime Group
Prime Natuna Energy's Block B map
Harbour Energy has agreed to sell its operated stakes in producing oil and gas fields in the Natuna Sea to Prime Group.
Dec. 10, 2025
ID 415629618 © Singgih Pramono | Dreamstime.com
a jackup rig in the Java Sea offshore Indonesia
The Konta gas discovery could hold upside beyond 1 Tcf and may be developed with other proven accumulations in the area.
Dec. 9, 2025

Australia & New Zealand

Courtesy Subsea7
Subsea7's Seven Arctic construction vessel
TechnipFMC and Subsea7 will deliver advanced subsea infrastructure for Chevron's Gorgon gas project offshore Western Australia.
Dec. 17, 2025
Courtesy Chevron Australia
Gorgon stage 3 subsea arrangement
The Chevron-led Gorgon Stage 3 development, a $1.99-billion, six-well tieback to Barrow Island, will sustain gas production and LNG export capacity from the Greater Gorgon Area...
Dec. 11, 2025
Courtesy Transocean LinkedIn
Deepwater Skyros drillship
The Deepwater Skyros drillship will begin the initial 320-day campaign in 2027.
Dec. 9, 2025
Courtesy Woodside Energy
Axess Group completes Scarborough FPU safety management review
The review appraised the structural strength of the new platform ahead of its delivery to Woodside.
Nov. 26, 2025
Courtesy McDermott
Removal and disposal of the Campbell platform structure offshore Australia
A report prepared by Xodus for the Australian government says the cost of removing Australia’s full offshore infrastructure by 2070 could be almost AUD$20 billion (US$12.9 billion...
Nov. 25, 2025
Courtesy vesselfinder.com
Transocean Equinox semisubmersible offshore drilling rig
ConocoPhillips’ initial exploration well in the Otway Basin appears to have delivered the targeted gas, and SLB will perform wireline formation tests to analyze the find further...
Nov. 19, 2025

Canada

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
Courtesy Cenovus Energy LinkedIn
West White Rose gravity structure nearing tow-out
Preparations are underway for towing the concrete structure to its site location offshore Newfoundland & Labrador.
May 8, 2025

Latin America

Courtesy Staatsolie
Staatsolie map of acreage blocks offshore Suriname
This was the first of four exploration and appraisal wells on Block 52, and Petronas and partner Staatsolie aim to prove up further resources for a first commercial field development...
Dec. 15, 2025
Courtesy BW Energy's Q1 2025 presentation
Drilling and production from WHP to converted, spread moored FPSO
The 10-year lease will begin after first oil from the Maromba Field development in the Campos Basin offshore Brazil. The jackup rig will be converted to a drilling and production...
Dec. 15, 2025
Courtesy Acteon
Intermoor worker performs quality assurance for Petrobras
The long-term contract involves use of wide-ranging techniques and tech on anchors, chains, wire and other components.
Dec. 12, 2025
Courtesy BGP
BGP Prospector vessel
The project, a partnership with Suriname’s state-owned Staatsolie, is designed to firm up the exploration potential of a nearshore region.
Dec. 2, 2025
herraez/iStock Editorial/Getty Images Plus
Petrobras outlines production expansion, frontier exploration goals
Company’s new five-year E&P plan covers potential investments totaling $109 billion.
Nov. 29, 2025
Courtesy Challenger Energy
Eni set to take control of offshore Uruguay exploration block
With government approval, Eni will become operator of Block OFF-5 in partnership with YPF.
Nov. 26, 2025

Middle East

Courtesy Masirah Oil
Block 50 operations offshore Oman
Following a bonds placement, Masirah Oil can proceed with a new multi-well campaign to boost oil production from the Yumna Field in offshore Block 50.
Dec. 10, 2025
Courtesy Strategic Marine
Strategic Marine delivers two Fast Crew Boats to NMDC LTS
The purpose-built fast crew boats have been designed for Middle East offshore operations.
Dec. 8, 2025
Courtesy Shana News Agency
Drilling of Belal development wells begins
Drilling, pipelay and deck construction are taking place in parallel at the Belal Field in the Persian Gulf.
Dec. 2, 2025
Courtesy Qatar Petroleum
KBR wins detailed engineering contract for Qatar redevelopment project
The project seeks to extend the production life and capacity of the Bul Hanine Field.
Nov. 25, 2025
Courtesy Shana News Agency
WHP1 platform jacket will soon be loaded out
POGC has commissioned Iranian Offshore Engineering and Construction Co. to build the 2,650-t wellhead platform jacket for the Farzad B gas field project.
Nov. 24, 2025
Courtesy BlueMarvel AI
BlueMarvel AI's OperationsMetrics software
ADNOC and BlueMarvel have partnered through an MoU to leverage AI for optimizing operations at ADNOC's Middle East facilities, starting with a proof-of-concept in alarm management...
Nov. 12, 2025

North Sea & Europe

Courtesy Ithaca Energy
Ithaca Energy's offshore Cygnus field
The company has agreed to purchase producing interests from Spirit Energy in multiple mid to late-life fields in the UK’s southern gas basin.
Dec. 18, 2025
Courtesy Vår Energi
Balder Phase V project in the Balder area
The subsea tieback development to the Balder FPSO features up to six wells drilled from existing seabed templates.
Dec. 17, 2025
Courtesy ConocoPhillips Skandinavia AS and Vår Energi ASA
Greater Ekofisk Area in the North Sea
With the final investment decision (FID) reached, the ConocoPhillips-led project will involve drilling new wells and installing further subsea templates on the Albuskjell, Tomeliten...
Dec. 17, 2025
Courtesy TenneT
BalWin5 2.2-GW offshore HVDC grid connection in German North Sea
The full contract scope includes the HDVC technology and control/protection systems. Balwin5 will take electricity from North Sea wind farms and deliver it to the German onshore...
Dec. 16, 2025
ID 391519438 © Florian Kunde | Dreamstime.com
Offshore wind energy during sunset
The awards are for two areas in the Utsira Nord region of the North Sea.
Dec. 15, 2025
ID 2875315 © Richard Griffin | Dreamstime.com
Carbon dioxide symbol in the sky
Fourteen offshore locations are being offered for permanent CO2 storage in areas with depleted fields and saline aquifers, with licenses set to be awarded in 2027.
Dec. 12, 2025

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

ID 402205779 © Weerapat Wattanapichayakul | Dreamstime.com
Conceptual image representing 2026 outlook
The offshore industry will adapt to policy tailwinds and cost pressures, according to Zillah Austin, Deloitte's vice chair and US energy and chemicals leader.
Dec. 18, 2025
Courtesy Shell
Shell issues FID for Kaikias waterflood project in US Gulf
The project is expected to increase recoverable reserves by 60 million metric barrels of oil equivalent.
Dec. 16, 2025
Courtesy bp
bp delivers first oil from Atlantis expansion project
The Atlantis Drill Center 1 expansion is expected to add 15,000 boe/d.
Dec. 15, 2025
ID 25500068 © Su Xingmin | Dreamstime.com
Gulf of Mexico map
Thirty companies participated, with bp, Chevron and Shell among the top bidders, reflecting the offshore industry's confidence in Gulf of Mexico development.
Dec. 10, 2025
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
ID 125685583 © Theerapong28 | Dreamstime.com
offshore digital connectivity in the Gulf of Mexico
Nokia partners with Tampnet to implement 5G private wireless technology across the Gulf of Mexico, covering over 120 base stations and extending to numerous offshore assets, enhancing...
Dec. 2, 2025