Offshore Oil & Gas
Deepwater exploration, offshore platforms, and subsea production.
Latest Offshore Stories
TotalEnergies redirects $1 billion offshore wind investment to US gas and LNG
TotalEnergies announced a decision to redirect nearly $1 billion from offshore wind investments to gas and LNG projects in the U.S. This agreement was made between CEO Patrick Pouyanne and Secretary Doug Burgum.
DNO starts Symra field offshore Norway nine months early
DNO ASA has commenced production at the Symra field offshore Norway, nine months ahead of schedule. The field is expected to deliver 4,000–5,000 barrels of oil equivalent per day net to DNO and holds estimated gross reserves of 60 million barrels of oil equivalent. This development contributes to DNO's goal of increasing North Sea output to 100,000 boepd by 2030.
Valaris secures $450 million contract extension for drillship offshore Brazil
Valaris has secured a $450 million contract extension for a drillship with Petrobras. The new charter is set to commence in November 2027.
Türkiye begins offshore drilling in Somalia with Çağrı Bey vessel arrival
Türkiye's deep-water drilling vessel Çağrı Bey is set to arrive in Somalia, marking the country's first offshore drilling operation. The initiative aims to explore significant oil reserves in Somalia's territorial waters, potentially enhancing the nation's energy sector and economic recovery. This move follows a cooperation agreement between Türkiye and Somalia to develop oil and gas resources.
BP and ADNOC approve Harmattan gas project offshore Egypt
BP and ADNOC's joint venture, Arcius Energy Egypt Ltd, has approved a $500 million investment for the Harmattan gas project offshore Egypt. The project aims to increase natural gas production to meet domestic market needs and is expected to start production in 2028. It involves drilling up to three wells and installing a fixed offshore platform connected to onshore processing facilities.
U.S. Interior Department merges offshore drilling agencies into Marine Minerals Administration
The U.S. Interior Department merges the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement to form a Marine Minerals Administration. This reorganization aims to improve coordination and efficiency in managing offshore resources, including critical minerals, while maintaining existing regulatory protections. The move reflects a shift towards a more integrated approach to energy demands.
Petrobras discovers deepwater gas offshore Colombia
Petrobras announced a gas discovery in deep waters located 35 kilometers off the Caribbean coast of Colombia. This find could enhance the company's production capabilities in the region.
SBM Offshore awarded FEED contracts for Longtail project in Guyana
SBM Offshore has been awarded FEED contracts by ExxonMobil Guyana Limited for a Floating Production, Storage and Offloading vessel for the Longtail project in Guyana. The FPSO will process 1,200 million cubic feet of gas per day and produce 250,000 barrels of condensate per day. The project emphasizes local content development by sourcing fabrication locally and integrating Guyanese engineers into the project.
Subsea 7 awarded contract for Aseng Gas Monetisation Project offshore Equatorial Guinea
Subsea 7 has been awarded a contract by Noble Energy EG Ltd for the subsea installation on the Aseng Gas Monetisation Project in Equatorial Guinea. The project involves the installation of 19 kilometers of production flowline and 20 kilometers of umbilicals at a water depth of 800 meters. Offshore activities are expected to commence in 2026.
Exxon applies for environmental authorizations for Longtail project offshore Guyana
Exxon Mobil has submitted applications for environmental authorizations for its Longtail project in the Stabroek Block offshore Guyana. This project will utilize the company's eighth floating production, storage and offloading (FPSO) vessel.
TotalEnergies suspends production in Qatar, Iraq, and UAE offshore
TotalEnergies suspends production in Qatar, Iraq, and the Emirati offshore, affecting about 15% of its output. The company expects growth from other regions to offset losses, with a projected increase in oil prices helping to cushion the impact. TotalEnergies aims to increase overall production by 3% in 2026, supported by new projects in Brazil, Libya, and Algeria.
Sunda Energy and Finder Energy collaborate on offshore drilling in Timor-Leste
Sunda Energy and Finder Energy have signed a letter of intent to collaborate on securing a drilling rig for offshore campaigns in Timor-Leste. The joint effort aims to combine drilling activities for the Chuditch-2 appraisal well and Finder's KTJ development wells into a single campaign, extending rig utilization to around 200 days. Drilling for the Chuditch-2 well is now expected to begin in 2027, delayed from the previous target of Q2 2026.
Lion plans to spud Bula Karang-1 well offshore Indonesia in July
Lion, an ASX-listed operator, plans to spud the Bula Karang-1 well offshore Indonesia in July. This operation marks a significant step in their exploration efforts.
Oman’s Block 50 offshore drilling operations delayed to May 2026
Rex International Holding's subsidiary Masirah Oil Limited has postponed the drilling of three development wells at the Yumna field in Oman to May 2026. This delay is from an earlier expectation of starting in the first quarter of 2026. The drilling aims to increase oil flow rates and extend the life of the offshore field.
Energean begins second exploration phase for Block 2 offshore Greece
Energean has initiated the second exploration phase for Block 2 in the Ionian Sea, following seismic surveys in 2022. The phase includes plans to drill an exploration well in 900 m of water, marking the first offshore drilling in Greece since 1981. The joint venture partners include Energean, ExxonMobil, and HELLENiQ Energy.
Saudi Arabia suspends offshore rigs amid Middle East conflict
Saudi Arabia's largest driller has suspended offshore rigs due to disruptions caused by the ongoing Middle East war. Several drillers and operators are facing impacts from the conflict.
Europe advances offshore wind projects while U.S. shifts focus to fossil fuels
Europe is enhancing its offshore wind capacity with projects like Hornsea 3, which will generate 2.9 gigawatts by 2027. France plans to auction 10 offshore wind projects totaling 12 gigawatts by 2027 to boost local supply chains. In contrast, the U.S. is redirecting investments from offshore wind to fossil fuels, including a $1 billion payment to TotalEnergies to abandon wind projects.
Sable Offshore resumes operations at Sana Ynez following federal order
Sable Offshore has resumed production at the Sana Ynez project in California following a federal executive order. This decision allows the company to continue its operations in the region.
Sonangol accelerates drilling program offshore Angola
Sonangol has accelerated its 2026 drilling program on Block 3/05, located 37 km offshore Angola. The program will begin with the Pacassa SW well, which could contain up to 210 million bbl of oil in place, followed by either a Pacassa SW injection well or the Impala-2 development well. The drilling is expected to enhance the understanding of the fields' potential and connect new wells to existing production infrastructure.
Eni withdraws from offshore gas exploration consortium in Israel
Eni has exited a consortium pursuing offshore natural gas exploration licenses in Israel, leaving Dana Petroleum and Ratio Energies to continue. The consortium was awarded six licenses in Cluster G, but Eni's withdrawal requires a revised ownership structure for the remaining partners. The licenses have not yet been granted, and regulatory approvals are still pending.
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