MOL Group company SeaLoading has secured a long-term Petrobras contract to continue offshore crude oil transfer services in Brazil using SeaLoader 2.
Saipem has secured an approximately $350 million offshore contract from Azule Energy Angola for subsea work on the West Hub Tails project offshore Angola.
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.
KANFA has completed EPC work on Karish Module M10 at Drydocks World Dubai for the Energean Power FPSO. The module weighs under 700 tonnes and will increase liquid production capacity by 72%.
Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.
Wison New Energies has started hull construction for the Baleine Phase 3 FPSO, completing the first steel cut on 30 August 2026 for the offshore Côte d’Ivoire development.
Seatrium is preparing the P-80 and P-82 FPSOs to sail for Brazil’s Búzios field, where the two units will provide a combined oil production capacity of 450,000 bopd.
Hanwha Ocean has reached the final bidding stage with SBM Offshore for the $3 billion Venus FPSO project in Namibia and secured approvals for its low-carbon standard FPSO design system.
