Reuters sources describe preliminary negotiations with no certainty of a deal. Eni’s Libyan output averaged about 162,000 boe/d in 2025, while neither company confirmed the discussions.
Jackdaw’s four-well platform connects to Shearwater through a subsea pipeline. Its jacket, topsides and pipeline are installed, and drilling was completed in early 2026, according to Adura.
Conrad Asia Energy says fabrication of Mako’s topside modules has begun, while the gas development continues to target initial production in the fourth quarter of 2027.
Shell’s Crux offshore gas project in Australia is moving toward commissioning after platform installation, with first gas targeted for the second half of 2027 to supply the Prelude FLNG facility.
BW Offshore and McDermott’s blue ammonia FPSO concept has received DNV Approval in Principle. The design targets annual ammonia output above 1 million tonnes with integrated carbon capture.
TotalEnergies, SOCAR and XRG have approved the Absheron Full Field Development in Azerbaijan, targeting 6 BCMA of gas and 47,000 bpd of condensate from 2029.
INPEX will acquire JERA’s 0.735% interest in Australia’s Ichthys LNG project, increasing its participating interest from 67.820% to 68.555%.
Subsea7 has secured a sizeable TP-OTC contract extension covering FPU towing and mooring work for the Sakarya Phase 3 gas development in the Black Sea offshore Türkiye.
Osman Gazi FPU’s deployment to the Sakarya Gas Field has shifted from late September to late October, with first gas targeted by the end of 2026.
