The UK will keep its North Sea windfall tax in place until 2030, according to the Office for Budget Responsibility, despite industry warnings that the levy is accelerating production declines, deterring investment, and threatening thousands of offshore jobs. SourceContinue Reading
DeepOcean is nearing completion of a fully diverless disconnection of TotalEnergies’ Gryphon Alpha FPSO—an industry first enabled by proprietary subsea tooling and a major milestone in North Sea decommissioning. SourceContinue Reading
Seatrium has secured its second deepwater FPU contract from bp, winning the Tiber project in the U.S. Gulf. Leveraging a series-build approach and lessons from the Kaskida unit, the Tiber FPU will deliver 80,000 bpd from Keathley Canyon using fully integrated, single-lift topsides. SourceContinue Reading
Brazil’s Petrobras is likely to postpone awarding up to four drillship contracts for its giant Buzios field until 2026, as the operator reassesses reservoir data and contractors revise bids amid a soft offshore rig market and emerging global oil glut. SourceContinue Reading
Woodside Energy has signed a suite of global frame agreements with ABL to deliver marine warranty, assurance, and consultancy services across its offshore operations in Australia, the U.S. and other international regions. SourceContinue Reading
A new survey shows UK offshore and underwater supply chain firms are weighing moves overseas as oil, gas and wind projects face mounting delays. Industry leaders warn that stalled timelines and policy uncertainty are eroding competitiveness and risking long-term capacity. SourceContinue Reading
DeepOcean is nearing completion of a fully diverless disconnection of TotalEnergies’ Gryphon Alpha FPSO—an industry first enabled by proprietary subsea tooling and a major milestone in North Sea decommissioning. SourceContinue Reading
Equinor is ramping up offshore activity next year with 26 planned exploration and appraisal wells across the North Sea, Norwegian Sea and Barents Sea—part of a decade-long push to keep Norwegian production strong. SourceContinue Reading
TotalEnergies has finalized the sale of its 12.5% non-operated interest in Nigeria’s deepwater Bonga field (OML 118 PSC) to Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration for a combined $510 million, marking a major portfolio shift in one of its key hydrocarbon regions. SourceContinue Reading
