Offshore Oil & Gas
Deepwater exploration, offshore platforms, and subsea production.
Latest Offshore Stories
ADNOC takes FID on SARB Deep Gas Project offshore Abu Dhabi
ADNOC has taken a final investment decision on the SARB Deep Gas Development, aiming to deliver up to 200 million standard cubic feet per day of gas. The project includes a new offshore platform with four gas production wells and is part of the Ghasha Concession, targeting over 1.8 billion cubic feet per day of gas production. The development will utilize advanced technologies and aims to capture up to 1.5 million tonnes per year of carbon dioxide.
Eni discovers 600 bcf of gas offshore Indonesia
Eni has made a gas discovery in the Muara Bakau PSC offshore Indonesia, estimating 600 bcf of gas in place across four reservoirs. The Konta-1 well, drilled to 4,575 m, showed potential for a multi-pool gas rate of up to 80 MMscfd. Eni plans to continue exploration in the basin with four additional wells expected in 2026.
TotalEnergies secures offshore exploration permit in Lebanon's Block 8
TotalEnergies has signed an agreement with the Lebanese government to obtain an offshore exploration permit for Block 8 in the eastern Mediterranean. The company holds a 35% stake in the permit, partnering with Eni and QatarEnergy, each also holding 35% and 30%, respectively. This move follows TotalEnergies' previous drilling efforts in Block 9, which did not yield positive results.
Murphy Oil drills appraisal well, boosts resource outlook at Hai Su Vang field offshore Vietnam
Murphy Oil Corporation drilled the Hai Su Vang-2X appraisal well offshore Vietnam, confirming a larger hydrocarbon column with 429 feet of net oil pay. The well produced 6,000 barrels of oil per day and increased the midpoint of recoverable resources to over 430 million barrels of oil equivalent. Murphy plans to continue its appraisal program with two additional wells.
Chevron begins production at South N'dola field offshore Angola
Chevron has commenced production at the South N'dola field in Angola's offshore Block 0, utilizing existing infrastructure for efficient development. The field is expected to contribute significantly to Angola's energy output, accounting for 12% of the country's daily production. The project created over 800 local jobs during construction and will supply oil and gas to domestic plants.
UK awards 8.4 GW offshore wind capacity in record auction
The UK awarded 8.4 GW of offshore wind capacity in its latest auction, enough to power 12 million homes. This procurement is the largest in British and European history, with costs for offshore wind at £90.91 per MWh, 40% cheaper than new gas-fired generation. The UK aims for at least 43 GW of offshore wind by 2030, with current capacity at 16.6 GW and 11.7 GW under construction.
EnerMech awarded contract for Whiptail subsea project offshore Guyana
EnerMech has secured a subsea pre-commissioning services contract from Saipem for the Whiptail Development offshore Guyana. This contract is EnerMech's fifth pre-commissioning project in the region, highlighting its established presence and expertise in offshore energy services. The company is also expanding its operations with a new facility in Georgetown to meet growing demand.
Petronas contracts McDermott for offshore natural gas development in Brunei
Petronas has awarded a contract to McDermott for engineering, procurement, construction, installation, and commissioning services for a subsea production system in Brunei. This project aims to enhance natural gas recovery in the region.
Vaalco Energy spuds ET-15 well in Gabon offshore drilling program
Vaalco Energy Inc. has spudded the ET-15 infill well on the Etame platform, initiating its phase-three drilling program offshore Gabon. The program includes multiple development wells and workovers at the Etame, Seent, and Ebouri platforms.
TotalEnergies partners with BluEnergies for Harper Basin exploration offshore Liberia
BluEnergies Ltd. has entered a joint study and application agreement with TotalEnergies to explore the Harper Basin offshore Liberia. The agreement aims to evaluate the prospectivity of blocks LB-26, LB-30, and LB-31, with a budget committed for seismic reprocessing and data acquisition over the next 18 months. The new reconnaissance license covers an area of approximately 8,924 km², with TotalEnergies holding a 65% interest and BluEnergies a 35% interest.
Orsted challenges U.S. lease suspension on $5B offshore wind project
Orsted is challenging the U.S. government's suspension of the lease for its Revolution Wind project, which is 87% complete and expected to generate power in January 2026. The suspension, attributed to national security concerns, has led to significant financial repercussions for Orsted, including a 13% drop in share price. The company has invested approximately $5 billion in the project and is seeking a court injunction against the government's decision.
Vallourec secures OCTG contract with Shell for Orca project offshore Brazil
Vallourec has secured a contract with Shell for the supply of oil country tubular goods for the Orca project offshore Brazil. The contract includes approximately 12,000 to 15,000 tons of tubular products and covers the full OCTG scope for 10 offshore wells, with drilling expected to begin in April 2027.
Benin offshore oil production set to resume after 28 years
Oil production offshore Benin is expected to resume by the end of January 2026 after being shut down in 1998. Akrake Petroleum plans to start production at the Seme Field following the drilling of production well AK-2H. The field previously produced 22 million barrels of oil before its closure due to low prices and high water volumes.
Shell increases stake in Atapu and Mero offshore Brazil
Shell Brasil has increased its working interest in the Atapu and Mero pre-salt oil projects in Brazil's Santos Basin. The company now holds approximately 16.917% in Atapu and 20% in Mero, following an auction led by Pré-Sal Petróleo. This acquisition enhances Shell's position in Brazil and aligns with its goal to sustain a production target of 1.4 million bpd through 2030.
Trump's offshore wind power crackdown raises global investor costs
President Trump's ban on offshore wind projects in the U.S. is creating uncertainty that may increase global capital costs for the wind power industry. Executives from Vestas and Equinor report that halted projects and reduced investor confidence could lead to higher returns demanded by investors. The suspension of projects like Empire Wind 1, which was 60% complete, has further complicated the investment landscape.
Harbour Energy sells offshore Indonesia interests to Prime Group International
Harbour Energy agrees to sell its interests in Natuna Sea Block A and Tuna project in Indonesia for $215 million. The assets produced about 4,000 boe/d and held 7.4 MMboe of 2P reserves. The sale is subject to regulatory approvals and is expected to complete in Q2 2026.
Viridien launches seismic reimaging program over block 22 offshore Angola
Viridien announces a seismic reimaging program over 4300 km2 of block 22 offshore Angola to aid the upcoming licensing round. The project aims to provide insights into under-explored structures and enhance exploration success in the region. Fast-track results are expected in Q1 2026, with final products due in Q3 and Q4 2026.
TotalEnergies merges UK offshore assets to form NEO NEXT+
TotalEnergies merges its UK offshore upstream business with NEO NEXT Energy Ltd. to create NEO NEXT+, holding a 47.5% stake. The new entity is expected to produce 250,000 boe/d by 2026, combining assets from TotalEnergies, NEO Energy, and Repsol UK.
Petronas completes first well in Suriname offshore drilling campaign
Petronas has completed the first well of a four-well drilling campaign in an offshore block in Suriname. The well, located in the western part of the block, produced encouraging results according to Staatsolie's early December release.
South Korean Firm Buys Into Indonesian Offshore Oil Block
SK Earthon acquired a 34% stake in the North Ketapang exploration block offshore Indonesia from Petronas North Ketapang. Petronas retains a 51% interest, while PT Pertamina Hulu Energi holds 15%. Exploration drilling is planned to begin within the year.
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