Eni and TotalEnergies have taken FID on the Cronos gas project offshore Cyprus. Four subsea wells will tie back to Zohr, with the gas processed and liquefied at Damietta LNG.
PACC Offshore Services Holdings will deploy POSH Mallard under a long-term Arabian Gulf contract covering saturation and air diving services supported by a work-class ROV.
COSL has opened a tender for the basic design of four Chinese-flagged jack-up rigs rated for 60.96 m water depth, with an upgrade option for operations in up to 121.92 m.
Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, adding a pre-FID project with more than 200 million barrels of oil equivalent.
Noble reported a $37 million net loss for the second quarter of 2026 after suspensions involving two Petrobras-contracted rigs in Brazil reduced revenue and utilisation.
Apollo has committed $1.5 billion to a Keppel-managed fund that will initially acquire six operational offshore rigs from Rigco Holding for about S$1.2 billion.
Saipem has secured contracts worth approximately €800 million for the Baleine Phase 3 offshore project in Ivory Coast and a new deoxygenation unit at Enilive’s Venice biorefinery.
Serica Energy has agreed to acquire Pharos Energy for approximately $194.5 million, with the Pharos board withdrawing support for Ratio Petroleum’s competing offer.
Saipem has secured contracts worth approximately €800 million for Baleine Phase 3 offshore Ivory Coast and a new unit at Enilive’s Venice biorefinery.
