Subsea7 has secured a sizeable contract from Brunei Shell Petroleum for the EPCI of subsea pipeline and riser systems in water depths of up to 50 m offshore Brunei.
Odfjell Drilling has returned Deepsea Atlantic to operations following the April 2026 equipment handling incident that damaged the rig’s BOP system and suspended drilling activities.
MOL Group has agreed to acquire Shell’s BG Cyprus Limited for up to $720 million, giving it a 35% interest in the Aphrodite gas field upon completion.
SK Oceanplant has secured a $110.7 million Seatrium contract to supply one jacket foundation and 20 piles for TenneT’s BalWin5 HVDC offshore converter platform in the German North Sea.
Seacor Marine is reviewing a possible company sale, merger, asset disposal or other transaction after shareholders called for a sale or fleet monetisation process.
France has awarded almost €260m to five ports under France 2030 to upgrade infrastructure for floating offshore wind and support nearly €1bn of port investment.
Shell has agreed to sell BG Cyprus to MOL Group for up to $720 million, transferring a 35% interest in the Aphrodite offshore gas field. Completion is expected in early 2027.
bp plans to cut 700 upstream positions worldwide, equal to about 8% of the non-frontline workforce in its former production and operations business.
Subsea 7 reported Q2 2026 net income of $254 million and Adjusted EBITDA of $471 million as its full-year margin guidance increased to approximately 24%.
