TechnipFMC has secured a significant subsea production systems contract with Petrobras, valued between $75–$250 million. The award covers new offshore developments, brownfield expansions, and revitalizations in Brazil, with all systems manufactured locally. SourceContinue Reading

Seatrium Limited has agreed to sell its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC for $65 million. The divestment enhances capital efficiency while maintaining Seatrium’s U.S. market presence through technology centers and service hubs. SourceContinue Reading

Wood Mackenzie has entered into a strategic data partnership with Novi Labs to enhance its Lens Lower 48 solution, integrating operator-verified well data and AI-driven lease-to-well algorithms. The partnership will cover 4.4 million wells that account for over 20% of global oil and gas supply. SourceContinue Reading

U.S. President Donald Trump criticized the UK’s North Sea oil tax regime and green energy push in a UN speech, warning that Prime Minister Keir Starmer’s policies risk shutting down new offshore development. SourceContinue Reading

SLB will acquire RESMAN Energy Technology, adding world-leading tracer and reservoir surveillance solutions to its portfolio. The deal strengthens SLB’s production optimization and recovery capabilities for oil, gas, and emerging CCS projects. SourceContinue Reading

Viking Completion Technology has achieved a key milestone in North Africa after delivering upper completion equipment for an onshore oil project, underscoring the company’s growing role in the region’s upstream sector. SourceContinue Reading

Condor Energies has launched a multi-well drilling program in Uzbekistan as the Canadian independent looks to expand natural gas production and reserves across its portfolio in Central Asia. SourceContinue Reading

Petrofac has extended its long-running partnership with Ithaca Energy, winning a two-year, $50 million contract renewal to provide integrated services across the operator’s UK North Sea portfolio. SourceContinue Reading

Forum Energy Technologies has introduced ICE Unity, its advanced ROV control system designed to streamline offshore operations. The system features a unified user interface, remote monitoring, predictive maintenance, and compatibility across FET’s full ROV fleet. SourceContinue Reading

ExxonMobil has approved the $6.8 billion Hammerhead development offshore Guyana, marking its seventh project in the Stabroek block. The development will add 150,000 bopd starting in 2029, boosting total block capacity to 1.5 million bopd. SourceContinue Reading