Harbour Energy has agreed to acquire LLOG Exploration Company for $3.2 billion, creating a Gulf of America core unit with oil-weighted deepwater output and long-life reserves.
DOF secured Atlantic-region awards for Q4 2025–Q1 2026 worth over $60 million and more than 250 firm vessel days, and won a Significant Shell IMR contract covering 190 days across 2025–2027.
CNOOC Ltd said the Xijiang Oilfields 24 Block project in the Pearl River Mouth Basin has started production, targeting a 2026 plateau of about 18,000 boe/d and using Huixi facilities plus an unmanned platform.
Lamprell won four offshore EPCI contracts in Saudi Arabia earlier in 2025, covering new platform and subsea installations, upgrades, trenching, and full hook-up and commissioning.
South Korea has commissioned the 100 MW Hanlim offshore wind farm off Jeju, now the country’s largest operating project, backed by public utilities and local village investment.
Saipem has been chosen by QatarEnergy LNG, alongside Offshore Oil Engineering Co (COOEC), for an offshore EPCI contract in Qatar worth about $4 billion, with around $3.1 billion for Saipem’s share.
Subsea7 has extended its IMR frame contract with Equinor, keeping the 2013-built Seven Viking on subsea inspection, maintenance and repair work across the Norwegian Continental Shelf through year-end 2027.
Petrovietnam outlines 2025 milestones across Dai Hung Phase 3, Block B CPP Jacket fabrication, BK-24 & White Lion deliveries, and PTSC’s EPC award for 33 offshore wind jackets.
Seatrium says its Phoenix II A/S dispute is resolved, with WTIV delivery due 28 February 2026. Buyer pays a $360m balance, including $250m funded via SGS credit.
