Shell has completed the $1.7 billion Na Kika and Coulomb asset sale in the U.S. Gulf, receiving about $840 million in cash proceeds at closing on 22 September 2026.
CIMC Raffles has signed the Greater PAJ FPSO EPCIC contract offshore Angola, marking its first full FPSO EPCIC award and expanding its role in high-end offshore engineering.
Subsea7 and OneSubsea, through Subsea Integration Alliance, have secured FEED work from Equinor for the $12 billion Bay du Nord deepwater oil project offshore Canada.
Petrobras will bring the P-78 FPSO online at the Buzios field in December, adding 180,000 barrels per day of capacity as the company continues deepwater expansion ahead of schedule and within its budget.
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
