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Offshore

“New” source rock discovered west of Svalbard

Studies of natural oil and gas seeps from the seabed have yielded new knowledge about a previously overlooked young source rock.

MODEC wins ExxonMobil Guyana’s Hammerhead FPSO contract

MODEC has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project.

Saipem renews framework agreement with Saudi Aramco for offshore activities

The Long-Term Agreement (LTA) now extends until the end of 2027.

Woodside signs LNG supply agreements with Uniper

Louisiana LNG LLC will supply 1.0 Mtpa of LNG on a free-on-board basis for up to thirteen years from the commercial operations date (COD) of Louisiana LNG.

TotalEnergies will supply 400,000 Tons of LNG per year for 15 years in the Dominican Republic

This agreement will enable ENADOM to supply natural gas to the 470 MW combined-cycle power plant

bp announces oil discovery in the Gulf of America

bp has announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America.

Klein Marine Systems selects Exail navigation technology to equip their 5900 sonar

With the integration of Exail’s AHRS technology, the sonar’s ability to maintain stability and reduce drift in challenging underwater conditions is strengthened, ensuring consistent and precise data collection in even the most complex environments.

SBM Offshore signs US$400 million Sale and Leaseback agreement for FPSO Cidade de Para

Under the terms of the agreement, the special purpose company will transfer the ownership to four Chinese leasing companies.

TGS selects Exail Gaps M7 USBL system to optimize offshore geophysical surveys

TGS has selected Exail Gaps M7 USBL system to enhance its underwater tracking capabilities, boosting efficiency and accuracy in offshore geophysical surveys.

DeepOcean engaged by Vattenfall for subsea cable support

DeepOcean mobilized the subsea vessel Olympic Ares, which was converted with cable lay equipment and a jet trencher onboard

Stonepeak to acquire interest in Woodside’s Louisiana LNG

Under the transaction, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis

Ripple effects from Equinor in Norway continue to grow

A new report finds that deliveries within exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway continued to grow in 2024.

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