Saipem has strengthened its global offshore drilling orderbook with USD 135 million worth of new and extended contracts across West Africa, the Mediterranean, and the Far East.
U.S. wind installations fell around 15 % in H1 2025, but analysts forecast a rebound in 2027 as tax-incentive deadlines draw near.
Pharos Energy has launched a six-well offshore drilling campaign in Vietnam aimed at boosting production capacity from 2026.
Petrojet and Arkad secure a $1 billion EPC deal for Algeria’s Hassi Bir Rekaiz oilfield, signaling stronger regional cooperation in North Africa’s energy sector.
JERA Nex BP will close its U.S. operations after canceling the Beacon Wind project, citing high costs and market challenges. The company plans to hold its lease for future development.
Delivery of the 100-meter methanol-fueled subsea vessel Viking Vigor, being built at Turkey’s Sefine Shipyard for Reach Subsea, has been postponed following construction delays.
Petrobras has received IBAMA’s environmental authorization to begin exploratory drilling in Brazil’s Equatorial Margin near the Amazon River’s mouth, ending a costly delay and advancing its offshore program.
Japan’s INPEX Malaysia E&P 2A Limited is preparing to advance exploration at the Kertang gas prospect in Malaysia’s offshore Block 2A, seeking a semisubmersible or drillship for site testing in the North Luconia Basin. The project involves key partners including PETRONAS Carigali, Seascape Energy Asia, and PETROS.
KLN Logistics Group is driving the Wellhead Platform A project in Libya’s Bahr Essalam field, one of the Mediterranean’s largest EPCI offshore developments, targeting completion in 2027.
