Petrobras starts production at Búzios 6
3, January 2026
Petrobras starts production from the P-78 FPSO at Búzios, designed for 180,000 barrels/day and 7.2 million m³/day of gas.
Offshore
Baker Hughes Finalizes SPC JV With Cactus
3, January 2026
Baker Hughes closed its SPC joint venture with a Cactus, Inc. subsidiary, receiving $344.5 million (pre-adjustments) and retaining a 35% stake.
WMMP Lands Kaiping 11-4 Pump and Crane Supply Deal
3, January 2026
WMMP, part of China State Shipbuilding, has secured orders to supply submersible pumping packages and offshore cranes for CNOOC’s Kaiping 11-4 cylindrical FPSO, scheduled to start production in 2029.
Saipem wins $425 million Sakarya pipeline work
2, January 2026
Saipem has won a $425 million EPCI contract for three subsea pipelines on Turkey’s Sakarya Phase 3 project, linking the Goktepe gas discovery to Black Sea facilities alongside its earlier $1.5 billion scope.
Harbour appointed operator of the Zama project in Mexico
1, January 2026
Harbour is appointed operator of Mexico’s offshore Zama project with partner agreement and SENER approval. The field is estimated at ~750 mmboe, with 2026 design work next.
McDermott lands EPCIC deal for Brunei gas project
1, January 2026
Petronas has selected McDermott for EPCIC services on a major offshore gas development in Brunei, covering subsea production systems, tie-backs from six wells to a floating unit and a gas export pipeline to LNG facilities.
Vestas Breaks Into Korea Offshore Wind With 390 MW Deal
31, December 2025
Vestas has received a 390 MW order for South Korea’s Shinan-Ui offshore wind development, supplying 26 V236-15.0 MW turbines and a 20-year service agreement, with deliveries from 2027.
Vietnam Appoints New PetroVietnam Chair
31, December 2025
Vietnam appointed Le Ngoc Son as PetroVietnam chairman effective 26 December 2025, as the state energy group reported 2025 revenue exceeding VND 1.1 quadrillion.
ASRY Completes ADES Holding Rig Repair and Upgrade Works
31, December 2025
ASRY completed rig repair and upgrade works for ADES Holding in 2025, preparing ADM-501/ADM-504 for Nigeria and completing ADM-503/ADM-511 for Thailand and Brazil.
