SEOUL, 6 November 2025 — South Korea’s Minister of Trade, Industry and Resources Kim Jung-kwan said the Alaska LNG (liquefied natural gas) project is unlikely to qualify for inclusion in
Seadrill’s 12,000-ft drillship West Vela has secured two new one-well contracts in the U.S. Gulf of Mexico, adding more than four months of firm term and extending operations into the second half of 2026.
Ørsted said it has no plans to merge with or take over Equinor’s renewables business, following Equinor’s proposal for closer ties. The Danish offshore wind company said it remains focused on executing its strategy.
A US federal court has allowed BOEM to reconsider its approval for the 2.4 GW SouthCoast Wind project. Ocean Winds said it is reviewing the implications of the ruling and will determine its next steps.
Prosafe’s Board has appointed Reese McNeel as permanent CEO. McNeel, interim CEO since September 2025 and CFO since August 2022, brings more than 20 years of leadership experience in the offshore energy industry and publicly listed companies.
Heerema Marine Contractors has been awarded a bp contract for the engineering, preparation, and removal of the Andrew platform’s topside and jacket in the UK North Sea, marking the next phase of the platform’s decommissioning.
PV Drilling will deploy the PV Drilling VI jackup rig for PQPOC’s 2027 offshore development campaign in Southwest Vietnam, covering 40 wells across Blocks B&48/95 and 52/97.
Halliburton has been awarded an integrated drilling and completion contract by Shell Nigeria Exploration for the HI gas field in OML 144, supporting gas supply to the Nigeria LNG Train 7 facility.
Egypt has opened a four-block offshore licensing round in the Red Sea, inviting bids until May 2026 under a new R-factor-based production-sharing model.
