Oil Majors Weigh Stake in US Gulf Shenandoah Field
7, April 2026
Major energy companies including TotalEnergies, Shell, and BP are evaluating a 51% stake in the Shenandoah deepwater field in the U.S. Gulf.
deepwater
Petrobras Keeps Valaris DS-4 Working Longer in Brazil
7, April 2026
Petrobras has extended the offshore Brazil assignment for Valaris DS-4 by 1,064 days. The award adds about $447 million to Valaris backlog and keeps the drillship committed through 2030.
bp Wins Kaskida Approval
19, March 2026
bp has secured US Department of the Interior approval for its $5 billion Kaskida project in the deepwater US Gulf of Mexico, with first oil targeted in 2029 and a standardized platform design planned for future regional developments.
Shell Sabah Awards Velesto TTR Maintenance Support Deal
4, March 2026
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.
Seadrill Secures PTTEP Malaysia Drillship Work as Fleet Backlog Expands
3, March 2026
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 Maps 16 FPSO Prospects
1, March 2026
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 Closes $3.2 Billion LLOG Deal
11, February 2026
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 Expands Offshore Drilling Push in Nigeria and Guyana
5, February 2026
ExxonMobil advances offshore drilling in Nigeria and Guyana, awarding a Nigeria drillship contract and extending four Guyana drillship agreements through February 2029.
Shell to Sell 20% of Brazil’s Orca to KUFPEC
4, February 2026
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.
