Saipem has secured an approximately $350 million offshore contract from Azule Energy Angola for subsea work on the West Hub Tails project offshore Angola.
SED Energy Holdings plans to acquire Ventura Offshore in an all-share transaction, creating a combined offshore drilling group with a pro forma equity value of about $1 billion.
Saipem and Jan De Nul have signed an LOI with ExxonMobil for preliminary engineering, procurement and technical work on the Rovuma LNG Phase 1 development in Mozambique.
Norway has received applications from 21 companies for APA 2026 production licences, covering predefined acreage in the North Sea, Norwegian Sea and Barents Sea.
Westwood forecasts offshore oil and gas field development CAPEX of $137 billion in 2026 after recording 38 offshore field FIDs and $66.4 billion of committed CAPEX in the first half.
New Fortress Energy has sold Sevan Driller and Sevan Brasil for demolition after previously planning to convert the former Seadrill units into floating LNG liquefaction facilities.
ENRA Group subsidiary Hexagon Energy Logistics has teamed up with China Offshore Engineering & Technology to prepare a joint bid for an upcoming FSO project in Southeast Asia.
Odfjell Drilling has received a three-year Vår Energi LOA for Deepsea Bergen worth an estimated $518 million, extending the semi-submersible rig’s firm backlog to Q1 2031.
Seadrill has added about $200 million to its backlog through new work for West Vela, West Capella and Sevan Louisiana in the U.S. Gulf and Malaysia.
