Seatrium Limited (Seatrium, or the Group), has been awarded a contract by Shell Offshore Inc. (Shell) to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible Floating Production Unit (FPU).

Aker BP has contracted technology supplier Vissim to implement an upgraded oil spill detection solution at the operator’s fixed and floating installations on the Norwegian continental shelf.

Equinor and its operating co-owner, Shell Offshore Inc., a subsidiary of Shell plc, have reached the final investment decision for the Sparta deepwater development, located in the US Gulf of Mexico (GOM). Equinor holds a 49 percent interest in the field.

Subsea7 has announced the award of a sizeable¹ extension of an existing frame agreement by bp, for subsea construction, inspection, repair and maintenance services (IRM), across bp’s North Sea assets.

The state of Texas is home to one of the largest offshore oil and gas industries in the United States. With its vast coastline along the Gulf of Mexico, Texas has been a major contributor to the country's energy production for decades. As such, it is no surprise that human resources play a crucial role in ensuring the smooth and efficient operation of this industry.

Danos completed a project to fabricate and install a vent boom for Shell Pipeline Company LP. The newly installed vent boom stands approximately 35 feet tall and replaced an existing vent tower on a Gulf of Mexico offshore facility.

TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname. Block 64 was awarded to TotalEnergies and its partners in the Bid Round 2022-2023 organized by the authorities of Suriname.

Trendsetter Engineering, Inc. (TEI) announces a contract award by Woodside Energy to provide several subsea manifolds with foundations, valves, and connection systems to support their Trion project off the coast of Mexico. This contract award follows a detailed engineering phase kicked off in 2022 to refine critical components of the project.

Talos Energy Inc. has successfully started oil and natural gas production at Talos's Lime Rock and Venice discoveries, located near its 100% owned and operated Ram Powell platform in the U.S. Gulf of Mexico. Talos owns a 60% working interest in both wells.

Talos Energy Inc. announced that it was named as the apparent high bidder on 13 deepwater blocks comprising approximately 74,000 gross acres (approximately 48,000 net acres) in the U.S. Gulf of Mexico Outer Continental Shelf Federal Lease Sale 261 held by the Bureau of Ocean Energy Management ("BOEM") on December 20, 2023.

Spectaire Holdings Inc., a leader in air quality monitoring and emissions reduction technology, has completed the innovation in its mass spectrometer series to open up the Oil and Gas industry to the AireCore™ product suite.

Equinor has entered into an agreement to acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea.

Petrobras has award Seadrill Limited 1,064-day fixed-term contracts to each of the West Auriga and the West Polaris following a competitive bidding process. The contracts are expected to commence in the fourth quarter of 2024 and represent total contract value of approximately $1.1 billion, inclusive of additional services and mobilization fees.

As required by the Inflation Reduction Act, the Bureau of Ocean Energy Management (BOEM) on December 20, 2023, held the Gulf of Mexico Oil and Gas Lease Sale 261.

As we’re approaching the end of 2023, it’s thus far been another noteworthy year for the rig market’s ongoing recovery. The year has brought a further 3% increase in global marketed utilization versus 2022, a demand increase of 29 rigs, a 7% uptick in average contract duration, 16 further reactivations and newbuild deliveries, and not to mention floating rig dayrates exceeding the ‘magical’ $500,000 mark.

Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, announces the acquisition of a significant order for a groundbreaking design of steel tube flying leads of extended lengths directly from an operator.