Saipem has secured a $1.8 billion EPCI contract in the Middle East covering offshore and subsea facilities, with the client and project details undisclosed.
POSH has secured a lump sum subsea diving and installation contract from Subsea 7 Arabia, with POSH Deep scheduled for offshore execution in the Arabian Gulf in Q3 2026.
Saipem has signed an approximately €500 million LNTP with Sonatrach for Phase 1 of Algeria’s Projet Phosphates Intégré, covering early engineering, procurement and mobilisation work.
The third Gulf of America oil and gas lease sale generated $82.7 million in high bids, with 16 companies submitting 69 bids for 59 offshore blocks.
TechnipFMC has secured an Azule Energy contract for the West Hub Tails project, covering flexible flowlines, risers and associated equipment linked to the Agogo FPSO.
The Who Dat East Joint Venture has sanctioned the Gulf of America development, with Karoon USA holding a 40% working interest and first production targeted for the second half of 2028.
Sable Offshore reported $137.1 million in Q2 2026 revenue as Santa Ynez Unit production increased, while the company prepared to restart Platform Hondo in September.
Borr Drilling has added eight jack-up contract commitments representing more than 2,100 days of firm work and approximately $267 million in Dayrate Equivalent Backlog.
Boskalis has prepared BOKA Sub C in Spain for a new FPSO hook-up assignment off Guyana after crane and thruster overhauls and a DP3 system upgrade.
