Aker BP project costs have risen to NOK 195.0 billion for Yggdrasil and NOK 93.4 billion for Valhall-Fenris, while both developments remain targeted for first production in 2027.
Constellation has secured ABS Approval in Principle for its Fuel Processor project under testing aboard Laguna Star and signed an MoU with ABS covering offshore efficiency and emissions technologies.
Chevron and EGAS have signed an agreement covering at least $88 million of investment for two exploration wells and 3D seismic reprocessing in Egypt’s offshore Lotus area.
POSH Saudi has acquired an Argus XL65 electric work-class ROV equipped with twin Schilling manipulators and a Top Hat TMS for diving and SURF operations in the Persian Gulf.
TechnipFMC has secured a Petrobras contract to design, engineer and manufacture flexible flowlines for multiple pre-salt fields offshore Brazil.
Drilling work is set to proceed at Megah-2 offshore Sabah as seismic reprocessing and offshore survey activity continues around the 2025 Megah discovery.
GasEntec has secured Lloyd’s Register AiP for a 1 Bcf/d FSRU concept featuring multi-mode regasification and a modular design for different project requirements.
Santos and its partners plan to begin Bedout Basin exploration drilling in April 2027 with Transocean Equinox as work continues on the Dorado offshore oil development.
ONGC is sounding out the market for two or more MOPU, FPSO or FPU units for three groups of marginal fields in India’s Western Offshore under a proposed 7-year firm plus 3-year option structure.
