Westwood forecasts offshore oil and gas field development CAPEX of $137 billion in 2026 after recording 38 offshore field FIDs and $66.4 billion of committed CAPEX in the first half.
ABS has awarded BDR certification to Hanwha Ocean’s standard FPSO design, covering key systems for planned deepwater projects in South America and West Africa.
McDermott has secured a $500 million-$750 million subsea contract from Eni for the Cronos gas development offshore Cyprus, covering project management, engineering, procurement and installation support.
Woodside Energy and PEMEX have signed a non-binding MOU to assess future hydrocarbon exploration and extraction opportunities in the deep waters of the Gulf of Mexico.
Azule Energy has started Greater PAJ FPSO topside construction at CIMC Raffles’ Haiyang yard in China for the five-field offshore development in Angola.
Seadrill added more than $860 million in rig awards across the U.S. Gulf, Brazil and Angola, raising total contract backlog to $3.1 billion.
Shell has awarded Audubon Companies an exclusive engineering and procurement contract for brownfield topside projects across its deepwater assets in the U.S. Gulf.
TotalEnergies EP Congo has made a new hydrocarbon discovery on the Moho license offshore Congo, where the MHNM-6 NFW well encountered about 160 m of hydrocarbons. The company plans to develop the find, alongside earlier Moho F discoveries, through a tie-back to existing Moho facilities.
Subsea 7 S.A., PETRONAS Suriname E&P B.V., and the Subsea Integration Alliance have signed a long-term framework for offshore developments in Suriname.
