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Shell is considering selling a 20% stake in Brazil’s offshore Gato do Mato cluster to help finance a nearly $3 billion deepwater development, while keeping operatorship and maintaining its position in the country.
Brazil’s Petrobras has issued a tender dated 8 December 2025 for decommissioning and reuse work on ageing FPSOs P-35 and P-37 from the Marlim field in the Campos basin.
Upstream reports that NOPSEMA is investigating a piling incident on Shell’s Crux gas project involving McDermott’s DLV 2000. No injuries were reported, but regulators and the contractor are reviewing safety practices.
Bourbon has secured a five-year contract with ExxonMobil Guyana Limited to deploy PSV Bourbon Calm from early 2026, supporting offshore logistics and the first PSV-based chemical transport in Guyana under the OSV Chemical Code.
Seatrium Offshore Technology has secured a repeat contract from International Maritime Industries for Kingdom 4, a LeTourneau Super 116E Class jack-up rig, deepening offshore drilling cooperation in the Kingdom.
DEME has secured three contracts at Poland’s BC-Wind project, covering monopile foundations and inter-array and export cables, bolstering its role in the country’s offshore wind build-out.
Borr Drilling has priced an additional $165 million of 10.375% senior secured notes due 2030 to help fund the acquisition of five premium jack-up rigs and for general corporate purposes.
Blue Mackerel, a 1 GW offshore wind project off Gippsland, has been granted Federal Major Project Status, with JERA Nex bp leading development and support from the Major Projects Facilitation Agency.
Van Oord has completed its offshore scope on the West White Rose project offshore Newfoundland and Labrador, covering seabed preparation, CGS ballasting, scour protection and flowline rock cover using Stornes and Nordnes.
