Offshore
News
April 09, 2025
SBM Offshore has signed a sale and leaseback financing agreement for FPSO Cidade de Paraty for $400 million (USD) with a tenor of 8 years. Under the agreement, the special purpose company will transfer ownership to four Chinese leasing companies.
News
April 08, 2025
Shell Offshore Inc. (Shell), a subsidiary of Shell plc, today announced the start of production at Dover, the second subsea tieback connecting new wells to the existing infrastructure of the Shell-operated Appomattox production hub in the Gulf of America/Gulf of Mexico.
News
April 08, 2025
SPIE Global Services Energy, a subsidiary of SPIE, has announced the signing of a five-year contract with Sonangol Exploração & Produção for the general maintenance of the Block 3/05 oil complex in Angola.
News
April 07, 2025
TGS has been awarded a shallow water ocean bottom node (OBN) acquisition contract in Trinidad. The 3D baseline contract is scheduled to commence in early Q3. The total duration of the survey is approximately 80 days.
News
April 07, 2025
Liebherr has successfully sold two offshore cranes of the type RL 2600 and RL-K 2600 to Singapore-based Yinson Production. The cranes will support the Agogo FPSO, which will operate in the Agogo field, offshore Angola.
News
April 04, 2025
Brazil’s state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, fulfilling a final requirement by Ibama as it seeks approval to drill an exploratory well in a promising region offshore the country’s Northern state.
News
April 04, 2025
The National Ocean Industries Association is pleased to announce SEACOR Marine and Proceanic are winners of the 2025 NOIA Safety in Seas Award Competition. SEACOR Marine is the Culture of Safety winner while Proceanic won the Safety Practice award.
News
April 04, 2025
Subsea7 has been awarded a sizeable contract by Shell Offshore for the Sparta deepwater development. The project involves the transportation and installation of a floating production system (FPS) off the coast of Louisiana at water depths of up to 1,635 meters.
News
April 03, 2025
Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA) have signed a Memorandum of Understanding to work together to grow the subsea sector in both hemispheres.
News
April 03, 2025
bp Trinidad and Tobago (bpTT) has safely delivered first gas from its Cypre development. Cypre is one of bp’s 10 major projects expected to start up globally between 2025 and 2027, announced as part of bp’s reset strategy to grow the upstream.
News
April 02, 2025
INEOS Energy has completed its acquisition of the U.S. Gulf business held by CNOOC's U.S. subsidiary. The deal increases INEOS' production globally to over 90,000 boed and marks the third major investment by INEOS Energy in the U.S. in the past three years.
News
April 01, 2025
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new contracts in Q1 2025 totaling $500 million (USD). The awards span late-life asset management, decommissioning and integrated services across core global markets.
News
April 01, 2025
Eiffage, through Smulders (Eiffage Métal’s Belgian subsidiary), has signed an agreement to acquire 100% of HSM Offshore Energy. The combination of the two companies will strengthen their efficiency and their capacity to deliver large offshore projects.
News
March 31, 2025
Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping oil. The project, developed by Equinor ASA and partner Var Energi ASA, will reach peak production of about 220,000 bpd.
News
March 31, 2025
CNOOC Ltd. has made a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place, the company announced.
News
March 31, 2025
Subsea 7 S.A. today announced the award of a sizeable contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway. The scope includes engineering, procurement, construction and installation of a five-kilometer CO2 pipeline.
News
March 28, 2025
The third and final day (March 27) of World Oil’s Deepwater Development Conference (MCEDD) in Madrid, Spain, provided attendees with a significant briefing on the fast pace of advancements being made in deepwater technology. This information was disseminated via numerous individual presentations in five specific sessions throughout the day.
Article
March 2025
The offshore crane industry is undergoing significant transformation, driven by a push for enhanced safety standards, sustainability initiatives and technological innovations. In response to increasing pressure to meet growing energy demand, operators are adopting new standards and tools to manage the complexities of modern lifting operations. Safety continues to be the top priority, but the challenges presented by tighter regulations, shifting market demands and the evolution of technology are creating a more dynamic and competitive environment for offshore crane operations.
News
March 28, 2025
Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal.
Article
March 2025
As I write this column from the sunny climes of Madrid, World Oil’s Deepwater Development Conference (MCEDD) is underway and thriving. There is no mistaking the renewed, growing interest in deepwater projects, and the attendance and program confirm it.
News
March 27, 2025
Attendees on Day 2 (March 26) of World Oil’s Deepwater Development Conference (MCEDD) in Madrid, Spain, were treated to a wide-ranging assortment of presentations on technical innovations in this special sector of the upstream industry.
