Topic
offshore
Commodities ExxonMobil Proposes 35-Well Exploration Campaign Offshore Guyana in Stabroek Block
US supermajor ExxonMobil has proposed a new exploration and appraisal drilling campaign in the Stabroek block offshore Guyana, involving 35 wells across four prospect areas. The campaign is scheduled from 2028 to 2033, with a 28-day public consultation period opened by the Guyana Environmental Protection Agency. ExxonMobil currently produces 900,000 barrels per day in Guyana and plans to increase capacity to 1.7 million bpd by 2030.
Logistics GMS returns all four evacuated liftboats to Persian Gulf on same contracts
GMS announced the return of all four previously evacuated self-propelled self-elevating liftboats to the Persian Gulf, now back on hire under the same contracts. The company maintains its adjusted EBITDA guidance of $105m to $115m for 2026 while assessing the financial impact of the disruption.
Commodities Petrobras Awards $88.75M Decommissioning Contract to OceanPact for Marlim Field
Brazilian offshore vessel owner OceanPact has secured a R$443.7m ($88.75m) contract from Petrobras to provide pull-out and collection services for flexible lines in the decommissioning of stationary production units at the Marlim field. The work will focus on the risers of the P-18 platform in the Campos Basin. This contract follows a previous decommissioning deal worth over R$1bn with Trident Energy, also in the Campos Basin.
Commodities UK offshore wind workforce must double to 94,000 by 2030 to meet clean power targets, ORE Catapult report warns
A new report from ORE Catapult warns the UK offshore wind workforce must nearly double from 40,000 to between 75,000 and 94,000 by 2030 to achieve the country's clean power targets. The report, 'Workforce Foresighting for Offshore Wind 2030-2035', identifies critical skills shortages and proposes a shift to a 'leading' education model to anticipate future needs.
Logistics GE Offshore Marine Services Secures Five-Year AHTS Charter with Trident Energy in Equatorial Guinea
UK oil and gas operator Trident Energy has awarded GE Offshore Marine Services a five-year charter for the anchor-handling tug and supply (AHTS) vessel Red Tiger to support operations offshore Bata, Equatorial Guinea. The 2008-built, 120-tonne diesel-electric vessel also features a newly installed 50-tonne crane and will support ROV operations with DeepOcean. The vessel has departed Vigo, Spain, and is scheduled to arrive in Bata on June 27.
Study Finds US Traders Funneled Billions to Polymarket Despite Federal Ban
A study by Rutgers statistician Harry Crane estimates that US-based traders funneled between $10.6 billion and $26.7 billion through Polymarket from May 2025 to April 2026, representing about 30% of the platform's total volume. The trades occurred despite Polymarket being banned in the US since 2022 for operating as an unregistered derivatives platform. The study, commissioned by the Coalition for Prediction Markets, used indirect behavioral proxies to identify US activity, as traders often use VPNs to bypass restrictions.
Commodities Caspian Offshore Construction expands fleet with newbuild AHTS
Kazakhstan-based offshore marine service provider Caspian Offshore Construction (COC) has acquired a new anchor handling tug supply (AHTS) vessel, the Caspian Yili, from Sinopacific Engineering & Contracting. The vessel, featuring 90 tonnes of bollard pull and DP2 capability, is the company's largest and is expected to join the fleet in Q4 2026. The acquisition supports COC's strategy to expand in international offshore markets.
Commodities SLB OneSubsea wins BP contract for Thunder Horse subsea boosting system in Gulf of Mexico
SLB OneSubsea, a joint venture of SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement, and construction contract from BP for a subsea boosting system on the Thunder Horse project in the US Gulf of Mexico. The award follows recent boosting contracts for BP's Kaskida and Tiber developments, all using a standardized solution to improve efficiency and shorten delivery times. Thunder Horse is the world's largest moored semi-submersible production platform, capable of over 200,000 boe/d.
Commodities Shearwater Wins ExxonMobil Seismic Survey Work Offshore Guyana for Yellowtail Fi
Norwegian seismic company Shearwater Geoservices has been awarded a distributed acoustic sensing (DAS) seismic program by ExxonMobil in the Stabroek Block offshore Guyana. The two-month scope involves source-only acquisition for a baseline reservoir surveillance survey over the Yellowtail development area, using the SW Empress vessel in triple-source configuration. Yellowtail is ExxonMobil's fourth and largest deepwater project in the block, with a production capacity of 250,000 bpd and 2 million barrels storage.
Commodities U.S. Approves $5B Offshore LNG Export Platform Amid Historic Regulatory Mileston
Federal regulators have approved the first-ever offshore LNG export terminal, a $5 billion project by Delfin Midstream. The platform, located 40 miles off Louisiana, will eventually export 1.8 billion cubic feet per day. Other stories include Amazon's LTL expansion, countervailing duties on Chinese and Mexican trailers, and a 30% surge in cargo theft.
Commodities Dutch Consortium Advances Offshore Hydrogen in North Sea
Hydrogen of Dutch Origin (H2DO) initiates a feasibility study for offshore green hydrogen production in the Dutch North Sea. The project aims to address grid congestion and enhance energy autonomy by 2031.
Logistics PV Drilling Expands Fleet with New Jackup Rig Acquisition
Petrovietnam Drilling and Well Service Corporation (PV Drilling) has expanded its fleet with the acquisition of a new jackup drilling rig, increasing its total to eight. The rig, named PV Drilling X, will be transported to Vietnam for upgrades and is expected to enter service in 2027.
Logistics SBM Offshore Sells Stake in Trion Field FSO to NYK
SBM Offshore has sold a 45% stake in the Trion field FSO to NYK, retaining a 55% majority. The FSO Chalchi, under construction, will operate under a 20-year lease with Woodside Energy.
Trade Velesto secures offshore drilling contract in Thailand
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Logistics Largest FLNG Project Advances Offshore Louisiana
The Delfin FLNG 1 project, the world's largest floating liquefied natural gas (FLNG) venture, is moving forward offshore Louisiana. Mitsui O.S.K. Lines, Delfin Midstream, and Vitol are key players in this $5 billion project, expected to start production in 2030.
Commodities North Sea Oil Strike Threatens Ithaca Energy Operations
Workers on Ithaca Energy's North Sea assets are set to strike over pay disputes, potentially disrupting oil production. The industrial action involves Bilfinger employees on the Alba FSU and FPF1 facilities.
Logistics Omega Subsea Partners with AGR for North Sea Operations
Omega Subsea has secured a long-term partnership with AGR to provide offshore survey and ROV services in the North Sea. This collaboration will enhance subsea operations, including decommissioning and inspection work.
Business SBM Offshore Secures Petrobras FPSO Contracts in Brazil
SBM Offshore has secured contracts from Petrobras for two FPSO projects in Brazil's Sergipe-Alagoas basin. These contracts are expected to enhance Brazil's domestic gas supply and minimize offshore flaring.
Commodities ONGC Partners with BPXS to Boost Offshore Production
ONGC has engaged BP Exploration Services India (BPXS) to enhance production from its western offshore fields, excluding Mumbai High. The collaboration aims for a 24.1% increase in oil and gas output over a decade.
Logistics DEME Secures Japanese Offshore Wind Installation Contract
Belgian marine contractor DEME has secured a contract for the Oga–Katagami–Akita offshore wind project in Japan. This marks the first deployment of 15MW-class turbines in Japan, with installation scheduled for 2027.