Sabah Shell Petroleum Company awarded Velesto Workover two multi-year contracts for offshore Sabah deepwater support, covering top tension riser maintenance on a tension leg platform, delivered with INVX Asia Pacific.
PTTEP contracted Seadrill drillship West Capella for a 440-day Malaysia program starting in 2Q 2026, alongside multiple drillship extensions and a West Elara North Sea P&A campaign update.
SBM Offshore sees at least 16 FPSO prospects over the next three years. The contractor expanded its fleet to 16 units in 2025 and is advancing FPSO projects in Guyana, Suriname, and the Gulf of Mexico.
Harbour Energy completes its $3.2 billion acquisition of LLOG, adding a fully operated deepwater portfolio and targeting 65–70 kboepd by 2028 through high-margin assets.
ExxonMobil advances offshore drilling in Nigeria and Guyana, awarding a Nigeria drillship contract and extending four Guyana drillship agreements through February 2029.
Shell agreed to transfer 20% of the Orca offshore Brazil project to KUFPEC while keeping operatorship. Post-close shares are set at Shell 50% and Ecopetrol 30%, with completion targeted for late 2026.
Subsea7 won a sizeable Shell contract for the Kaikias Waterflood project in the Mars-Ursa Basin, including installation of an umbilical, riser and rigid flowline in up to 1,650 m water depth.
Subsea7 secured a substantial award from Chevron Australia for Gorgon Stage 3 (GS3) subsea installation at 1,350 m water depth, with offshore operations expected in 2028.
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.
