Rockhopper Exploration has committed $44 million for a 35% interest in the OSX-1 FPSO, which Navitas Petroleum plans to deploy for the accelerated Central Development Area of the Sea Lion oil field.
Brazil awarded 56 oil and gas exploration blocks in two licensing rounds, with Petrobras, Equinor, QatarEnergy, Galp and Chinese energy companies winning acreage across offshore and onshore basins.
Equinor and partners have discovered up to 10.3 million boe of recoverable gas resources at Gullfaks South in the Norwegian North Sea, using the Askeladden rig to drill an exploration sidetrack.
Golar LNG has agreed to acquire Grace Dahlia from NYK Line for conversion into its fourth FLNG at CIMC Raffles in China. The $2.45 billion project targets 3.5 MTPA capacity and delivery in 2029.
Valaris has added approximately $220 million in offshore drilling contract backlog, including a PETRONAS exploration program in Suriname and new jack-up contracts and extensions in Australia and the North Sea.
Vaalco Energy has completed Phase 3 drilling offshore Gabon, bringing ETSEM-3H onstream at 2,000 bpd gross. Borr Drilling’s Norve has left the field as Baobab Phase 5 drilling begins offshore Côte d’Ivoire.
Yinson Production has priced $1.458 billion in senior secured notes to refinance the Agogo FPSO offshore Angola, marking what the company describes as the largest FPSO project bond to date.
Equinor has raised the Snøhvit Future project cost estimate to NOK 26.5 billion ($2.8 billion) in 2026 value. The project is 60% complete, with compression and electrification schedules unchanged.
Zamil Offshore has selected Conoship International to develop a 2.5 m-draft DSV design for diving, subsea maintenance and offshore operations in the Gulf region.
