Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia. ...
The rapid growth of offshore oil and gas activity across the Caribbean is making logistics infrastructure central to upstream success. Purpose-built shore bases and specialised ports now determine execution efficiency, project economics and competitiveness, as seen in Guyana, Trinidad and Tobago, and Suriname today regionally....
Lamprell secured four Engineering, Procurement, Construction and Installation (EPCI) contracts in 2025, advancing its Saudi Arabia operations. The projects encompass new platform installations, subsea structures, pipelines, and cables, along with platform and infrastructure upgrades....
Chinese oil major CNOOC, opens new tab said that an offshore oil project in the South China Sea had commenced production. Xijiang Oilfields 24 Block Development Project, located in the shallow water of the Pearl River Mouth Basin, is expected to achieve a plateau production of about 18,000 barrels of light crude oil equivalent per day in 2026. ...
Applus+ will conduct a strategic Brazilian project inspecting naval and offshore units using high-precision measurements, drone surveys, and advanced non-destructive weld testing....
QatarEnergy has signed a Production Sharing Agreement for shallow-water Block S4 offshore the Cooperative Republic of Guyana. The block was awarded through the 2022 Guyana Licensing Round....
The Egyptian Information Technology Industry Development Agency (ITIDA) has announced the signing of 55 strategic agreements with leading multinational and local technology companies in offshoring and IT-enabled services, including Accenture, Deloitte, RSA and Capgemini. ...
NMDC Energy has signed a strategic MoU with Baker Hughes in Saudi Arabia to explore opportunities for localising key products and solutions. This collaboration aims to enhance service delivery in energy markets across the Middle East, North Africa, Türkiye, and India....
QatarEnergy has signed two new production sharing contracts (PSC) for offshore Blocks 9 and 10 in Suriname. The blocks were awarded to a QatarEnergy consortium during the POST SHO2 bid round held in June 2025....
The Government of Grenada has formally proposed the establishment of a trilateral oil and gas coordination commission involving Venezuela and Saint Vincent and the Grenadines, as part of efforts to delimit maritime boundaries and develop its nascent offshore hydrocarbon industry....
QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40 per cent participating interest in the North Rafah exploration block offshore the Arab Republic of Egypt. ...
Equinor and its partners ExxonMobil Brasil, Petrogal Brasil (JV Galp|Sinopec) and Pré-sal Petróleo (PPSA) achieved start-up of production from the large Bacalhau field in Brazil. With recoverable reserves exceeding 1 billion barrels of oil equivalent (boe), Bacalhau is the largest international offshore field ever developed by Equinor....
Shell Nigeria Exploration and Production Company (SNEPCo) and Sunlink Energies have finalised investment in the HI gas project offshore Nigeria. The project will supply 350 million standard cubic feet of gas daily at peak production to Nigeria LNG, enhancing global liquefied natural gas exports....
Eni North Africa, the Italian energy company, has resumed its exploration activities in the offshore area northwest of Libya, specifically in Block 16/4, after a hiatus of more than five years....
