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    • Field Development

    Courtesy Petronas
    MPM development
    Field Development

    Petronas plans platform complex for Hidayah oil project offshore Indonesia

    Jan. 11, 2025
    Petronas subsidiary PC North Madura II has committed to develop the Hidayah oil field in the North Madura II contract area offshore East Java, Indonesia.
    Courtesy Øyvind Gravås & Eirin Lillebø/Equinor
    Johan Castberg FPSO heading for the field in Barents Sea
    Courtesy Port of Corpus Christi and Kiewit Offshore Services Ltd.
    Salamanca FPU
    ID 347565155 © Alvaro Victor | Dreamstime.com
    FPS construction market expected to see slight increase in 2025
    Courtesy "Valeura Energy Inc. Corporate Overview, December 2024"
    Valeura Energy_Wassana Ingenium MOPU
    ID 69447350 © Jaibajpai | Dreamstime.com
    Offshore energy capex to grow again in 2025 led by Asia, Middle East

    Field Development

    ID 110637279 © Tomasz Wozniak | Dreamstime.com
    Offshore EPC contracting activity to remain buoyant in 2025
    Courtesy Beacon Offshore Energy LLC
    Shenandoah floating production system
    Courtesy Saipem
    Saipem’s pipelay vessel Castorone
    Courtesy CNOOC
    cnooc offshore production
    Courtesy Chevron
    offshore Wheatstone
    Courtesy Offshore
    Offshore
    Courtesy Giles Barnard / Shell
    Bonga FPSO
    Courtesy OKEA
    Brage Field
    Pipelines

    Corinth supplying pipes for North Sea Bestla, Bittern tiebacks

    Dec. 13, 2024
    Subsea7 has contracted Corinth Pipeworks to manufacture steel pipes for two field developments in the North Sea.
    Courtesy Northern Endurance Partnership (NEP)
    Northern Endurance Partnership (NEP)
    Energy Transition

    NEP partners commit to UK’s first North Sea carbon capture storage development

    Dec. 11, 2024
    bp and partners Equinor and TotalEnergies have taken FID on two carbon capture and storage (CCS) projects in Teesside, northeast England.
    Courtesy Murphy Oil Corp.'s "Investor Update November 2024" presentation
    Cuu Long Basin map
    Vessels

    Murphy targets late 2026 startup for Lac Da Vang FSO offshore Vietnam

    Dec. 3, 2024
    Murphy Cuu Long Bac Oil has contracted PTSC Asia Pacific to supply, charter and operate an FSO vessel for the Lac Da Vang oilfield development.
    Courtesy CNOOC
    Jinzhou 9-3WHPB platform
    Production

    CNOOC starts production on two oilfield projects offshore China

    Dec. 3, 2024
    CNOOC says the Huizhou 26-6 oilfield development in the Pearl River Mouth Basin and the Jinzhou 23-2 oilfield project in the Bohai Sea will achieve peak production in 2027.
    Courtesy Saipem
    Saipem yard in yard in Karimun, Indonesia
    Asia

    Saipem to construct platforms, pipelines for Tangguh gas/CO2 capture project

    Nov. 28, 2024
    The $1.12-billion contract includes CCS-related work on the Ubadari field offshore Indonesia.