Odfjell Drilling has signed an LOI with an undisclosed client for Deepsea Aberdeen, securing continuous work from late 2026 to Q2 2029. The move strengthens the contractor’s backlog strategy as Equinor options and other fleet discussions continue.
Repsol is assessing options for its upstream unit ahead of a planned 2026 liquidity event, including a possible reverse merger with APA and other US-listed partners, following preliminary discussions reported by Bloomberg.
Shell has begun a joint study with Kufpec to assess five Indonesian working areas, reflecting renewed engagement by major international oil companies in the country’s upstream sector. The initiative follows recent discussions between global operators and SKK Migas on new exploration opportunities.
FPSO P-79 has departed Geoje-Si for the Búzios field in the Santos Basin. Petrobras plans for the unit to arrive in February 2026 and begin production in August 2026, adding capacity to the field’s ongoing development.
Prosafe reports that Ithaca Energy has exercised an additional seven-week option for the Safe Caledonia, extending accommodation support at the Captain field into early February 2026. The extension follows a recent two-week option and carries an estimated value of USD 6.4 million.
Westwood’s APAC offshore report highlights core indicators shaping regional activity, including EPCI forecasts, Southeast Asia contract expectations, offshore wind auctions, rig utilisation levels and vessel fleet conditions across oil, gas and wind markets.
Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
A Reuters report says Carlyle is reviewing whether to pursue Lukoil’s foreign assets as the Russian oil producer approaches a U.S. sanctions deadline. The asset package spans multiple regions and has faced transaction hurdles due to sanctions.
BW Offshore is preparing to begin FEED in early 2026 for the Bay du Nord FPSO after completing pre-FEED work and entering a bridging phase aimed at maturing the technical and commercial basis of the project.
