Regional Reports

Courtesy ghanaupstream.com/Ghana Upstream Petroleum Chamber
Ghana welcomes Petrobras’ offshore exploration interest
Brazilian major Petrobras has been given the go-ahead to start exploration contract negotiations for four blocks offshore Ghana.
Aug. 21, 2026
Courtesy Lloyd's Register
LNG Bayelsa vessel
Aug. 21, 2026
Courtesy SLB
SLB personnel monitor offshore operations
Aug. 21, 2026
Courtesy Core Marine
Hilli Episeyo FLNG vessel
Aug. 21, 2026
Courtesy Amplitude Energy LinkedIn
Orbost Gas Processing Plant in Victoria
Aug. 21, 2026
Courtesy Aker BP
Alvheim FPSO
Aug. 20, 2026
Image generated by Microsoft Copilot
AI-generated offshore Namibia exploration drilling activity
Aug. 19, 2026
Courtesy Petrofac
Northern Endeavour FPSO decommissioning
Aug. 19, 2026
Courtesy Adura
UK public consultation closes on $11-billion Rosebank North Sea project
Aug. 19, 2026

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Africa

Natalia Lagutkina/1313957264/iStock/Getty Images Plus
ExxonMobil awards $1.1 billion in pre-FID contracts for Rovuma Phase 1
The upstream contract awards are a clear signal of progress toward FID and commitment to the offshore gas development that underpins the project.
Aug. 18, 2026
Courtesy Shelf Drilling
Chevron confirms new oil and gas condensate discovery offshore Angola
The discovery, made at the 105-4X exploration well in Block 0, will be assessed for potential tieback opportunities.
Aug. 17, 2026
Courtesy TechnipFMC
TechnipFMC wins ‘significant’ flexible pipe contract for Azule Energy project offshore Angola
TechnipFMC will supply flexible flowlines and risers for the West Hub Tails project, part of the Agogo field development.
Aug. 14, 2026
Courtesy Meren
Meren map of offshore Namibia assets
TotalEnergies says the Venus development offshore Namibia is technically ready for sanction, but final investment timing depends on completing fiscal negotiations with the government...
Aug. 13, 2026
Courtesy Afentra plc's LinkedIn
offshore Angola operations
Sonangol's Pacassa SW well offshore Angola encountered oil-bearing reservoirs that could hold up to 70 MMbbl of recoverable resources and extend the producing Pacassa Field.
Aug. 12, 2026
Courtesy Panoro Energy
Map: Offshore blocks near Equatorial Guinea
A potential tieback development of the Estrella and Rodo discoveries could unlock more than 100 MMbbl of oil and condensate resources and 215 bcf of gas identified across Equatorial...
Aug. 10, 2026

Asia

Courtesy Murphy Oil's 2Q 2026 Earnings Presentation
Lac Da Vang (Golden Camel) Platform
Murphy Oil has spud the Lac Da Trang North-1X exploration well offshore Vietnam, targeting 40 MMbbl to 80 MMbbl of recoverable resources that could be developed as a tieback to...
Aug. 11, 2026
Courtesy Fugro
Fugro awarded three-year deepwater ROV contract supporting offshore energy development in India
ONGC continues to expand offshore India activity, awarding deepwater drilling support work to Fugro and 3D seismic acquisition contracts to Shearwater Geoservices.
Aug. 10, 2026
Courtesy Valeura Energy LinkedIn
MT Jaka Tarub departs Batam, Indonesia
Valeura and PTTEP are advancing the Bussabong gas project while development drilling, redevelopment and exploration activities progress across multiple Gulf of Thailand assets...
Aug. 7, 2026
Developed with Grok AI
Floating data centers are attracting interest because conventional land-based facilities face growing constraints on available sites, power interconnection, and cooling capacity.
The design approval agreement and AIP are among the first outcomes of the Korea-U.S. Shipbuilding Partnership Center.
Aug. 5, 2026
Courtesy Subsea7
Subsea7 vessel
Subsea7 has won a Shell Brunei pipeline replacement contract, and INPEX has tapped Worley for engineering support.
Aug. 4, 2026
Courtesy PTTEP
PTTEP marks Thailand’s first Total Wellhead Platform Reuse
Reusing a retired platform cut development time by more than a year while reducing costs and emissions.
Aug. 3, 2026

Australia & New Zealand

Courtesy Australia Government's Department of Industry, Science and Resources
Northern Endeavour diagram
The companies will support environmental approvals and regulatory processes for one of Australia's largest offshore decommissioning projects.
Aug. 5, 2026
Courtesy Ulstein
SW Bly seismic research vessel
Results from the campaign will help identify offshore CO2 injection well locations and establish a baseline for future monitoring.
Aug. 3, 2026
Courtesy MODEC
FPSO Léopold Sédar Senghor
Strong production performance at the deepwater Sangomar oil field offshore Senegal is prompting Woodside Energy and its partners to evaluate a second-phase development targeting...
July 29, 2026
ID 119381241 © Tomas Griger | Dreamstime.com
New Zealand on globe
Sunda Energy is seeking a new offshore exploration permit in New Zealand's Taranaki Basin, aiming to advance the Awakino gas condensate discovery while assessing broader exploration...
July 17, 2026
Courtesy Songa Offshore
Transocean Equinox rig
The Juliet well could support future gas supplies as Amplitude targets first production from its East Coast Supply Project in 2028.
July 17, 2026
Courtesy Woodside
Woodside succeeds ExxonMobil as leader of Gippsland, Kipper ventures
The various offshore fields supply 40% of Australia’s east coast domestic gas needs.
July 5, 2026

Canada

Courtesy Allseas
Sandpiper pipelay barge
Western LNG has selected Allseas to install the offshore section of the Prince Rupert Gas Transmission (PRGT) pipeline, a key component of the planned Ksi Lisims LNG export project...
July 31, 2026
Courtesy Equinor Canada
bp exits, Equinor looking to bring in new partners on Bay du Nord project
Altera Infrastructure to own and operate newbuild floater as Côte d’Ivoire ramps up to 150,000 b/d of oil.
July 6, 2026
Courtesy Colleen McConnell/Cenovus
White Rose Field offshore assets
The contractor has assisted operations since 2005, including the recent tow-out and installation of the West White Rose platform.
July 2, 2026
Courtesy Cenovus Inc.
SeaRose FPSO vessel
First oil for the West White Rose project is expected in third-quarter 2026.
May 11, 2026
Courtesy of the Canada-Nova Scotia Offshore Energy Regulator (CNSOER)
Canadian officials visit CERAWeek to promote energy opportunities offshore Nova Scotia
Current call for bids covers 13 parcels – five shallow-water near the Sable Island area and eight deeper-water areas.
March 25, 2026
Courtesy Cenovus Energy
SeaRose FPSO vessel
Operator Cenovus Energy expects the facility to produce first oil by mid-year.
Feb. 19, 2026

Latin America

ID 96208820 © Sedi78 | Dreamstime.com
FLNG vessel
Argentina LNG has applied to join Argentina's Large Investment Incentive Regime (RIGI), seeking support for a planned offshore FLNG project tied to gas from the Vaca Muerta shale...
Aug. 18, 2026
Courtesy Petrobras
map indicates the location of the discovery on the Coast of Amapá
The Morpho exploration well, drilled in nearly 2,900 m of water offshore Amapá State, marks another step in Petrobras' campaign to unlock Brazil's Equatorial Margin potential....
Aug. 17, 2026
Courtesy bp LinkedIn
offshore bp personnel
Venezuela has awarded a bp-led consortium a license to develop the 4-Tcf Loran Phase 2 gas field offshore, while separate agreements also open the door to future exploration opportuniti...
Aug. 14, 2026
ID 297047817 © Naim Saat | Dreamstime.com
FPSO
Siemens Energy will supply power generation and gas compression systems for Petrobras' P-81 and P-87 FPSOs.
Aug. 10, 2026
Courtesy Viridien Earth Data
Map: Guyana Shallow Water 3D Phase I project
Viridien and BGP have started a new 3D seismic survey offshore Guyana designed to improve imaging of shallow-water exploration acreage and support future licensing and development...
Aug. 10, 2026
Courtesy Intermoor
Intermoor offshore workers gather around mooring chains in Brazil
Intermoor will provide inspection, maintenance, preservation and storage services for mooring, anchoring and subsea interconnection equipment supporting Petrobras operations offshore...
Aug. 7, 2026

Middle East

ID 454261098 © Deskcube | Dreamstime.com
Persian Gulf Maps and Countries
South Pars Phase 11 is expected to reach more than 1 Bcf/d of production within two months, with 11 of 27 planned wells now online as development drilling continues offshore Iran...
Aug. 18, 2026
Courtesy Chevron
Chevron's Leviathan asset offshore Israel
While Chevron prepares to decommission the aging Yam Tethys platform in 2028, operators are also advancing new gas transportation infrastructure and exploration programs offshore...
Aug. 14, 2026
Courtesy ADNOC L&S
ADNOC issues statement to clarify recent media reports
ADNOC says it remains ‘firmly focused’ on meeting customer needs despite an ‘exceptionally challenging’ Persian Gulf environment.
Aug. 11, 2026
Courtesy TGS
Egypt Hedrodotus Basin map
TGS and EGAS have launched a 34,000-km offshore Egypt seismic reimaging program aimed at improving prospect identification and supporting future licensing activity in the Mediterranean...
Aug. 5, 2026
Courtesy NewMed Energy
Map of Cyprus Offshore Blocks
Shell expects to receive up to $720 million tied to future project milestones, with FID targeted for 2027.
Aug. 3, 2026
Courtesy Stena Drilling
Shell exploration well offshore Egypt indicates possible commercial discovery
The Velox-1X exploration well raises the prospect of the first crude oil discovery in the 'Western Mediterranean.'
July 28, 2026

North Sea & Europe

Courtesy Aker BP
Illustration of Symra development offshore Norway
Aker BP says a combination of controlled mud level technology, wired drillpipe and specialized cement systems helped drilling teams manage severe fluid losses while developing...
Aug. 18, 2026
Courtesy Zach Theo/Unsplash
offshore oil and gas operations
Offshore operators must focus on critical risks, not critical data, according to Lloyd's Register's Neil Arthur.
Aug. 13, 2026
Courtesy Shutterstock 2685202333; Created by James Jones Jr
Driller floor of an offshore drilling rig with top drive, pipe handler and drawworks
Efforts to restore shut-in wells and improve operational efficiency delivered millions of additional barrels from existing UK North Sea fields in 2025, according to the NSTA.
Aug. 13, 2026
Courtesy SLB
MV Island Captain well stimulation vessel
SLB will upgrade the MV Island Captain to support high-intensity well stimulation campaigns for Equinor on the Norwegian Continental Shelf.
Aug. 11, 2026
Courtesy Serica Energy
Subsea equipment deployed at the Orlando field in the UK North Sea
Serica Energy will decommission the Orlando oil field in the UK North Sea after a pump failure halted production, while advancing plans for a multi-well drilling campaign targeting...
Aug. 11, 2026
ID 20348114 © Dirk Jan Mattaar | Dreamstime.com
offshore wind development
Vattenfall has secured development rights for two Danish offshore wind projects totaling 1.8 GW, with construction targeted for completion by 2032.
Aug. 6, 2026

Russia

Courtesy Lukoil
lukoil
Lukoil has opened a new center for core and reservoir fluids research in Perm, Russia.
Jan. 9, 2024
Courtesy Lukoil
Lukoil
Lukoil has proven a large new gas-condensate field in the Russian sector of the Caspian Sea.
Feb. 7, 2023
Courtesy Nord Stream
Nord Stream 1 Castoro Dieci Lowering The Pipeline 62d73205d779e
Russian leader blames Western sanctions for the shutdown.
Sept. 8, 2022
Photo 172014063 © Alexander Dorn | Dreamstime.com
In Memoriam
Ravil Maganov, chairman of Russia's second largest oil producer Lukoil, died on Sept. 1 after falling from a hospital window in Moscow, a source familiar with the situation told...
Sept. 2, 2022
Photo 188129768 © Max5128 | Dreamstime.com
Construction takes place on the offshore section of the Nord stream-2 gas pipeline on the bottom of the Baltic sea.
Russia will halt gas supplies to Europe for three days at the end of the month via its main pipeline into the region, Gazprom said on Friday, piling pressure on the region as ...
Aug. 19, 2022
Courtesy Rystad Energy August 2022
Iran Direct Octg Imports Rystad Energy
Metallurgical issues could impact Gazprom’s plans to support Iran’s offshore gas field development plans, according to Rystad Energy.
Aug. 15, 2022

US & Gulf of Mexico

Courtesy Borr Drilling's Investor Presentation, May 2026
Borr Drilling jackup rig
Borr Drilling has adjusted the startup schedule for its Odin jackup as it prepares to enter the US Gulf market for the first time.
Aug. 14, 2026
Courtesy BOEM/MMA
Big Beautiful Gulf 3 lease sale generates $82.7 million in high bids
BBG3 lease sale a clear improvement over the March sale, but still modest compared with the December 2025 lease sale.
Aug. 12, 2026
Courtesy Karoon Energy
Who Dat FPS
The Who Dat joint venture has approved the final investment decision (FID) on the Who Dat East development in the US Gulf.
Aug. 12, 2026
Courtesy Murphy Oil
Murphy Oil's Gulf of Mexico operations
Murphy Oil is progressing a multi-well appraisal program offshore Côte d’Ivoire while targeting first oil from the Banjo and Cello developments in the US Gulf by late 2027.
Aug. 6, 2026
Courtesy Talos Energy
Talos Energy upstream exploration
Talos Energy has assumed operatorship of a 4-million-acre offshore Honduras block containing shallow- and deepwater exploration prospects, while continuing development and appraisal...
Aug. 6, 2026
Courtesy Karoon Energy
offshore Who Dat operations
Harbour Energy and its partners expect to sanction the Who Dat East development in the US Gulf this month, while advancing the Salamanca FPS subsea pump project and preparations...
Aug. 6, 2026