Shell has agreed to sell BG Cyprus to MOL Group for up to $720 million, transferring a 35% interest in the Aphrodite offshore gas field. Completion is expected in early 2027.
bp plans to cut 700 upstream positions worldwide, equal to about 8% of the non-frontline workforce in its former production and operations business.
Subsea 7 reported Q2 2026 net income of $254 million and Adjusted EBITDA of $471 million as its full-year margin guidance increased to approximately 24%.
DOF Group ASA has extended Petrobras contracts for the PLSVs Skandi Buzios and Skandi Recife in Brazil, keeping both vessels under contract through January 2028.
Petra Marine has agreed to sell Petra Endeavour and Petra Orbit in separate transactions worth a combined $15 million, reducing future lay-up, reactivation and drydocking costs.
Azule Energy has started Greater PAJ FPSO topside construction at CIMC Raffles’ Haiyang yard in China for the five-field offshore development in Angola.
New Zealand has awarded EnZed Energy a 12-year offshore exploration permit covering the Kaheru prospect in the Taranaki Basin, the first issued since the ban reversal.
Golden Energy Offshore Services has secured a £4.9 million UKCS contract for Energy Pace, with options that could increase the total value to around £10 million.
Allseas has secured a contract to install approximately 50 km of subsea pipeline for the Prince Rupert Gas Transmission system in northwestern Canada.
