offshore – Oil & Gas 360

Baker Hughes secures Petrobras turbomachinery services deal for Brazil offshore operations

March 18, 2026

(World Oil) – Baker Hughes has secured a 60-month services agreement with Petrobras to support critical turbomachinery across Brazil’s offshore production system and refining operations. The contract covers maintenance, repair and engineering advisory services for up to 64 aeroderivative gas turbines, including LM2500 and LM6000 units deployed across approximately 19 floating production, storage and offloading (FPSO) vessels, as well as at the Replan refinery

TotalEnergies launches Lapa South-West project offshore Brazil

March 11, 2026

(World Oil) – TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, about 300 km (186 miles) offshore, adding new output to the company’s existing Lapa field operations. The development consists of three wells tied back to the Lapa floating production, storage and offloading (FPSO) unit and is expected to increase production from the field by

Murphy Oil’s offshore West Africa well comes up dry

February 24, 2026

(World Oil) – Murphy Oil has plugged and abandoned its Caracal-1X exploration well offshore Côte d’Ivoire after the well encountered hydrocarbon shows, but failed to establish commercial volumes. The Caracal-1X well in Block CI-102 reached a total depth of 8,534 ft (2,601 m) before being declared a dry hole. The results will inform Murphy’s ongoing assessment of remaining prospectivity across its

Energy Advisors: Offshore, Two Rig Ghosts Become a “Rate Reaper”

February 18, 2026

(Oil and Gas 360) – Energy Advisors examines the strategic implications of Transocean’s $5.8 Bn all-stock acquisition of Valaris. Click here to download the report. Still counting? Transocean + Valaris means there’s one less number to call. Devon + Coterra was the recent icebreaker onshore, where 1 + 1 targets 3, and everyone nods about “synergies” and dreams of “big and lean.”

Noble secures $1.3 billion in new rig contracts, enters Norway floater market

January 27, 2026

(World Oil) – Noble Corporation has announced new contract awards totaling approximately $1.3 billion, adding backlog across nine rigs and marking the company’s entry into the Norwegian harsh-environment floater market. The awards reflect continued multi-year demand for deepwater and offshore drilling and are expected to materially improve fleet utilization over the coming years. Noble said the new contracts increase the percentage

Saipem awards EnerMech subsea contract for Guyana’s Whiptail project

January 13, 2026

(World Oil) – EnerMech has been awarded a subsea pre-commissioning services contract by Saipem for the Whiptail development offshore Guyana, expanding its footprint in one of the world’s most active deepwater provinces. The Whiptail project is located about 200 miles offshore Guyana in the Stabroek Block, which is operated by ExxonMobil Guyana. The contract marks EnerMech’s first involvement on the Whiptail field and its

Equinor awards over $9 billion in long-term contracts to Norwegian suppliers

January 8, 2026

(World Oil) – Equinor has awarded a series of long-term framework agreements to seven supplier companies, committing roughly NOK 100 billion ($9+ billion) to maintenance, modifications and large project work across its offshore installations and onshore plants in Norway. The twelve new framework agreements, which begin in the first half of 2026, have a five-year duration with extension options of three

Saipem wins $600 million offshore EPC contracts with Aramco in Saudi Arabia

December 31, 2025

(World Oil)– Saipem has won two offshore Contract Release Purchase Orders (CRPO) in Saudi Arabia, reinforcing its position as a leading EPC contractor in the Kingdom. The contracts are worth approximately $600 million, and expand Saipem’s long-standing partnership with Aramco. The first work package (CRPO 162), spanning 32 months, covers engineering, procurement, construction and installation of roughly 34 km of pipeline—ranging from

CB&I acquires Petrofac Asset Solutions to expand O&M services

December 29, 2025

(World Oil)– CB&I has signed a sale agreement to acquire Petrofac’s Asset Solutions business, a major provider of operations, maintenance and decommissioning services for offshore and onshore energy assets. The deal will add a reimbursable contracting model to CB&I’s primarily lump-sum EPC portfolio, broadening revenue streams and providing steadier cash flow. The transaction will also expand CB&I’s presence in international

US pauses leases for five offshore wind projects over radar concerns

December 22, 2025

(Investing)– The Trump administration on Monday said it suspended leases for five large-scale offshore wind projects that are being built off the U.S. East Coast over concerns they would interfere with military radar systems. The suspension marks the latest blow for offshore wind projects that have faced repeated disruptions under U.S. President Donald Trump, who has said he finds them

Shell, INEOS make new oil discovery in Norphlet play in U.S. Gulf

December 22, 2025

(World Oil)– Shell and INEOS Energy have made their first oil discovery in the Gulf of America after confirming hydrocarbons at the Nashville exploration well, a deepwater Norphlet find operated by Shell. The Nashville well, drilled in the Norphlet formation, was drilled more than five miles beneath the seabed and encountered high-quality oil in what the companies described as one of the

Harbour Energy makes gas discovery in Norway’s North Sea

December 19, 2025

(Oil Price)– Harbour Energy has made a gas and condensate discovery in the Norwegian section of the North Sea, which could be tied back to existing infrastructure, the Norwegian Offshore Directorate said on Friday. Harbour Energy, as operator of the license, and its partners have proven gas condensate in the ‘Camilla Nord’ prospect, the regulator said, adding that preliminary estimates indicate

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