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.
Petrobras and Equinor won key offshore oil blocks in Brazil’s latest pre-salt auction, reinforcing their strong presence in the country’s deepwater sector.
Saipem has strengthened its global offshore drilling orderbook with USD 135 million worth of new and extended contracts across West Africa, the Mediterranean, and the Far East.
