Equinor plans to route Grimsnes volumes through Stjerne to Oseberg Sør, with two or three wells under consideration and subsea equipment procurement planned before project sanction.
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.
Nine US states filed three lawsuits challenging federal offshore wind lease buybacks involving Bluepoint Wind and Invenergy and tied to investments in fossil fuel projects.
TotalEnergies, APA and Staatsolie are advancing GranMorgu offshore Suriname, with production drilling and offshore installation scheduled to begin in early 2027.
Norway’s 2026 APA licensing round has drawn applications from 21 oil and gas companies, including Shell, for exploration acreage across three offshore regions.
McDermott has secured a $500 million-$750 million subsea contract from Eni for the Cronos gas development offshore Cyprus, covering project management, engineering, procurement and installation support.
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.
TotalEnergies has completed its transaction with Galp to take a 40% operated interest in Namibia’s PEL83, while Galp has acquired interests in PEL56 and PEL91.
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.
