The Errea Wittu floating production, storage and offloading (FPSO) vessel is currently in West African water on its voyage to Guyana’s Stabroek Block, vessel tracking data shows. Marine Traffic placed the FPSO in the region after it departed Singapore in June. Separate automatic identification system data published by VesselFinder provides an estimated arrival date of August... Continue Reading →
Exxon exploring Rockhead-1 prospect in Stabroek Block, targeting more oil in Guyana
Aug. 4 (oilnow.gy) The Stena Carron is carrying out exploration drilling at the Rockhead-1 prospect in Guyana’s Stabroek Block. According to a recent notice from the Maritime Administration Department (MARAD), drilling activities will conclude on August 31. “The Rockhead-1 is situated approximately 115.2 nautical miles (213.4 kilometers) off the Coast of Guyana and covers an... Continue Reading →
Valaris Jack Up Wraps Up Well Job for BP Offshore Trinidad Early
Aug. 4 (OE) Valaris has completed a two-well workover and completion campaign for BP offshore Trinidad, with its VALARIS 249 jack-up rig finishing the program nearly 17 days ahead of schedule. The company credited the performance of the VALARIS 249 crew for delivering the campaign safely. "I am extremely proud of the VALARIS 249 team's... Continue Reading →
2014-built drillship sports new equipment amid Noble’s upbeat rig market outlook
Aug. 3 (offshore-energy.biz) Noble Corporation, a U.S.-based offshore drilling giant, has fitted one of its drillships with new equipment, reflecting its confidence in a strengthening offshore drilling market and busier years ahead for the global rig fleet. Noble has confirmed the installation of a stemless gate valve (SGV) on the Noble BlackHornet drillship. This technology, developed with Kinetic... Continue Reading →
Suriname’s $26 Billion Oil Bet Is Finally Paying Off
Aug. 3 (oilprice.com) Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry,... Continue Reading →
Dominion Targets End-2027 Completion for Virginia Offshore Wind Farm
Aug. 3 (OE)Dominion Energy has updated the construction schedule for its 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, with installation of the 176th and final wind turbine now expected by the end of 2027, while reporting the project was approximately 81% complete as of July 31. Construction has continued to advance across the project's... Continue Reading →
Huisman to Deliver Equipment for Solstad-SBM Offshore Installation Vessel
Aug. 3 (OE) Dutch lifting equipment specialist Huisman has secured a contract from CIMC Raffles Offshore to supply lifting and handling systems for a next-generation deepwater offshore installation vessel being built for a joint venture between Solstad Offshore and SBM Offshore. The contract covers an integrated equipment package comprising a 350-tonne A-frame, a 500-tonne knuckle... Continue Reading →
Saipem, Subsea7 Clear Key US Regulatory Merger Hurdle
Aug. 3 (OE) Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met. The companies said all applicable waiting periods under the... Continue Reading →
TechnipFMC reports another strong Q2 2026 on US$2.5B in subsea orders
July 31 (oilnow.gy) TechnipFMC reported “strong” second-quarter 2026 results on July 30, driven by US$2.5 billion in subsea orders and higher project activity across its offshore business. The company recorded total revenue of US$2.76 billion during the quarter. Net income attributable to TechnipFMC reached US$362.7 million, while adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization... Continue Reading →
France Selects Five Ports for EUR 260 Million Floating Wind Infrastructure Boost
July 31 (offshoreWIND.biz) The French government has selected five ports to receive nearly EUR 260 million in funding under the France 2030 investment programme to upgrade infrastructure supporting the country’s floating offshore wind industry. The selected ports are Cherbourg, Brest, Nantes-Saint Nazaire, Port-la-Nouvelle, and Marseille-Fos, with the port funding expected to leverage almost EUR 1... Continue Reading →