Reports citing Spain’s La Verdad say investigators suspect Ursa Major carried undeclared VM-4SG reactor hulls allegedly bound for North Korea before it sank off Cartagena in December 2024.
PV Drilling IX arrived in Vung Tau at 06:00 on 25 December 2025 after a two-month, 12,855.6-nautical-mile voyage from Europe aboard GPO Sapphire operated by GPO Heavy Lift.
bp agreed to sell 65% of Castrol to Stonepeak at a $10.1 billion enterprise value, targeting about $6.0 billion net proceeds to reduce net debt ahead of end-2027 targets.
CNOOC Limited reports a major discovery at the Qinhuangdao 29-6 Oilfield in the central Bohai Sea, with proved in-place volumes exceeding 100 million tons of oil equivalent and a test rate of about 2,560 barrels per day.
The Trump administration has suspended leases for five offshore wind projects off the U.S. East Coast over Pentagon-flagged security concerns, AP reported, drawing sharp pushback from states, industry and activists.
Harbour Energy has agreed to acquire LLOG Exploration Company for $3.2 billion, creating a Gulf of America core unit with oil-weighted deepwater output and long-life reserves.
Seatrium says its Phoenix II A/S dispute is resolved, with WTIV delivery due 28 February 2026. Buyer pays a $360m balance, including $250m funded via SGS credit.
Harbour Energy and Petoro have confirmed a gas and condensate discovery at the Camilla Nord prospect in Norway’s Gjoa region and are assessing a subsea tie-back option to existing Vega-area infrastructure.
Subsea7 was awarded a FEED study for the PPF project offshore Norway. A SURF option may follow if the project reaches FID and approvals, with installs planned for 2026–2029.
