Brazil Plans $900m Exploration Push Led by Offshore Drilling
28, January 2026
Brazil plans nearly $900 million in oil and gas exploration investment, with offshore drilling accounting for the majority of spending.
BP
Reliance Disputes Report of $30 Billion India Claim in BP Gas Case
30, December 2025
Reuters reports Reliance Industries denied any $30 billion government claim with BP, after a Reuters exclusive cited sources on an offshore gas arbitration seeking over $30 billion.
bp appoints Meg O’Neill as next CEO
18, December 2025
bp has named Meg O’Neill as its next CEO from 1 April 2026, with Carol Howle as interim CEO and Murray Auchincloss staying on as adviser while Woodside Energy appoints Liz Westcott acting CEO.
bp brings seventh 2025 Atlantis project online
14, December 2025
bp has started up the Atlantis Drill Center 1 expansion in US Gulf of Mexico waters, its seventh major 2025 project, adding 15,000 boe/d and lifting Atlantis capacity to 200,000 b/d.
Seatrium Secures Second Deepwater FPU Contract with BP
26, November 2025
Seatrium secures its second deepwater FPU contract from BP for the Tiber Floating Production Unit (FPU) project, marking a continued partnership between the two companies in the Gulf of America.
Heerema Marine Contractors Awarded bp Contract for Andrew Platform Decommissioning
6, November 2025
Heerema Marine Contractors has been awarded a bp contract for the engineering, preparation, and removal of the Andrew platform’s topside and jacket in the UK North Sea, marking the next phase of the platform’s decommissioning.
JERA Nex BP to Exit U.S. Offshore Wind Market After Beacon Wind Cancellation
21, October 2025
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.
BP Awards $700 Million Offshore Contracts
18, October 2025
BP awards $700 million in offshore contracts to Saipem and BOS Shelf for the Shah Deniz Compression Project, expanding Caspian gas output.
Saipem Secures €600 Million in New Offshore Contracts Across Azerbaijan, North Sea, and West Africa
16, October 2025
Saipem has secured three offshore engineering and installation contracts worth €600 million across Azerbaijan, the North Sea, and West Africa, reinforcing its global subsea presence.
