
Westwood Forecasts $137 Billion Offshore Oil and Gas CAPEX in 2026
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.

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.

SLB OneSubsea has won a 20-well EPC contract from CNOOC for the Kaiping 18-1 deepwater project in the South China Sea, covering integrated subsea production systems, installation support and commissioning services.
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