Latest News
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07 Apr 26
Egypt: Arcius invests up $500 million to develop the Harmattan field offshore Egypt
Arcius has announced the Final Investment Decision (FID) to develop the Harmattan gas field in the El Burg Offshore concession area, a significant step toward executing one of its first projects in Egypt. The investment, estimated at approx. half a billion USD, will help support and increase natural gas production to meet domestic market needs. -
06 Apr 26
UK/Norway: 700 Miles and a world apart: Why Norway and the UK are on divergent energy trajectories
A visit last month to Offshore Norge’s annual conference in Oslo was a powerful reminder that despite a shared history of developing offshore resources in the North Sea over the past fifty years, the UK and Norway are now on very different trajectories – driven by policy not geology. -
06 Apr 26
US: BLM seeks initial input for October 2026 sale of oil and gas leases in Montana and Dakotas
The Bureau of Land Management has opened a 30-day public scoping period to receive public input on 20 oil and gas parcels totaling 3,387 acres that may be included in an October 2026 lease sale in Montana and Dakotas. The scoping period ends May 4, 2026. -
06 Apr 26
Brazil: Ventura Offshore announces contract extensions of the SSV Victoria and managed rig Atlantic Zonda, operating offshore Brazil
Ventura Offshore has announced contract extensions of the SSV Victoria semi-submersible and managed rig Atlantic Zonda, operating offshore Brazil. -
06 Apr 26
Brazil: Valaris announces multi-year contract award for drillship VALARIS DS-4
Valaris has been awarded a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS-4. The extension is expected to commence in November 2027 in direct continuation of the existing program and will add approximately $447 million to contract backlog. -
06 Apr 26
Suriname: Halliburton enters strategic collaboration agreement for PETRONAS Suriname asset development
Halliburton has entered into a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production and Valaris to support the development of PETRONAS Suriname’s local assets. -
06 Apr 26
Chevron statement regarding exclusivity agreement with Microsoft and Engine No. 1
AI is driving significant growth in demand for reliable, always on power, underscoring the importance of energy security and abundant domestic supply. To support that demand, Chevron, Microsoft and Engine No. 1 have entered into an exclusivity agreement related to the negotiation of a proposed power generation and electricity offtake arrangement. -
06 Apr 26
Brazil: Seadrill anounces West Polaris contract extension in Brazil
Seadrill has announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil. -
06 Apr 26
Brazil: Petrobras reports on financial settlement regarding the redetermination of the Tupi Shared Field
Petrobras reports on financial settlement regarding the redetermination of the Tupi Shared Field. Petrobras received approx. R$ 3 billion from other private companies and paid approx. R$ 600 million to the Brazilian government.
