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Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Jul 24, 2026

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8 billion North Hub project in Indonesia, the Indonesian government said.The company held a first steel cutting ceremony on Thursday to kickstart the construction of the Floating Production, Storage, and Offloading (FPSO) vessel, which will be a processing hub for 16 wells from the Geng North and Gehem gas fields…

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Jun 29, 2026

SBM Offshore has signed a contract with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading (CSTC) for the construction of its seventh generic Fast4Ward Multi-Purpose Floater (MPF7) hull.The MPF7 will use SBM Offshore's proprietary…

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Jun 25, 2026

Faced with declining production post-2030, across Sub-Saharan Africa (SSA), the Majors have started the process of reloading exploration hoppers. Targeting predominantly deep and ultra-deep waters, they have signed numerous agreements aimed…

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Jun 25, 2026

India's Oil and Natural Gas Corp (ONGC) and BP have signed a technical services contract aimed at enhancing production from fields in India's Western Offshore Basin, expanding a collaboration that began at the Mumbai High field in 2025.Under the agreement…

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jun 24, 2026

Yinson Production has held a naming ceremony for the floating storage and offloading (FSO) unit PTSC Lac Da Vang ahead of the vessel's deployment to the Lac Da Vang oil project offshore Vietnam.The FSO vessel has been contracted to Murphy Cuu Long Bac Oil…

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Jun 05, 2026

SBM Offshore has entered into a shareholders' agreement with long-standing business partner NYK to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the Chalchi floating storage and offloading (FSO) unit…

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

May 29, 2026

Brazil's state-run oil firm Petrobras' negotiation with SBM Offshore for two floating oil and gas production vessels (FPSO) for its Sergipe deepwater project is done, an executive from the company said on Thursday.The contract for the FPSOs is set to be signed soon…

Three Dead After Incident at Petronas' FSO Offshore Malaysia

May 26, 2026

Petronas has confirmed that an incident occurred during lifeboat maintenance work at the Sepat floating, storage and offloading (FSO) unit offshore Malaysia, resulting in three fatalities and one injury.The incident occurred at approximately 12:50 p…

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

May 21, 2026

Wood has secured a contract by China Offshore Oil Engineering Company (COOEC) to deliver detailed design work for QatarEnergy’s Bul Hanine EPIC2 offshore oil and gas redevelopment project in Qatar.The scope includes the design of 25 subsea pipelines…

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

May 18, 2026

Yinson Production has secured a $131.5 million senior secured bank financing facility together with joint venture partner PTSC for a floating storage offloading (FSO) vessel being built for the Block B gas project offshore Vietnam.The company said the facility…

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

May 12, 2026

Fast Offshore Supply (FOS) has selected Incat Crowther to design a fleet of 10 new DP2 fast crew transfer vessels (CTVs) for offshore operations supporting Brunei Shell Petroleum, a joint venture between Shell and the Government of Brunei.The…

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

May 08, 2026

Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating production storage and offloading (FPSO) design featuring an internal turret mooring system.The FPSO concept is aimed at offshore developments in demanding metocean conditions…

Technology as Enabler of Energy Security in Offshore Asia

Apr 27, 2026

In recent years, Asia’s offshore sector has regained strategic importance, particularly in countries such as Malaysia, Indonesia and Vietnam, as operators pursue new upstream opportunities while governments seek to strengthen domestic and regional energy security…

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

Apr 17, 2026

A unit of Indonesia’s Pertamina has signed a production sharing contract (PSC) for the Lavender block, spanning onshore and offshore areas of Sulawesi island.PT Pertamina Hulu Energi Sulawesi Lavender will operate the block, which spans 8,206…

Borr Drilling Expects Higher Activity as Rigs Return to Work

Apr 13, 2026

Offshore drilling contractor Borr Drilling has informed that several of its rigs in the Middle East are returning to operations following recent disruptions, as the company secures a new contract in Southeast Asia.The company said the Arabia…

Current News

Oil Eases After Topping $100, Still Set for Weekly Rise

Oil Eases After Topping $100, Still Set for Weekly Rise

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

ABL Gets Papua New Guinea FSO Job

ABL Gets Papua New Guinea FSO Job

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Energean Lifts Karish Fields FPSO Oil Processing Capacity

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