In June 2022, the Norwegian Offshore Directorate published data collected up to 2022. The Directorate is now releasing deep sea data gathered from 2022 to 2024.

A final rule from the Bureau of Ocean Energy Management (BOEM) was announced to protect taxpayers from covering costs that should be borne by the oil and gas industry when offshore platforms require decommissioning. With this action—which updates 20-year-old regulations—BOEM has substantially strengthened financial assurance requirements for the offshore oil and gas industry operating on the US Outer Continental Shelf (OCS).

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.

Borr Drilling Limited is pleased to announce new contract commitments for three of its premium jack-up rigs, the “Prospector 1”, the “Gunnlod”, and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue, inclusive of mobilization and demobilization compensation.

TechnipFMC has been awarded a large¹ contract in Guyana’s Stabroek Block by Exxon Mobil Corporation affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail project.

SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions.

ADNOC has started crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy.

Panoro Energy ASA announces that it has reached an agreement with the Government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23.

Specialist provider of offshore support services, Interocean Marine Services (Interocean) announces an offshore demonstration of the Flyability Elios 3 UT drone. Providing accurate readings ten times faster than traditional methods, the ultrasonic thickness measurement (UTM) payload for the Elios 3 drone is a step change in integrity inspection.

Subsea7 announced the award of a sizable¹ contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico.

C-Kore Systems, a UK company specializing in automated subsea testing tools is celebrating the mobilization of their 800th unit. The job is with a major operator off the coast of West Africa for a fault-finding operation on a complex subsea electrical network.

MDL has assisted Saipem in progressing an LNG development offshore Greece.

ExxonMobil Guyana has awarded Strohm a TCP “Jumper On Demand” contract for the supply of TCP for the Whiptail project. This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana, following previous awards for the Yellowtail and Uaru projects. This latest award marks the largest commercial award for pipe supply in the company’s 16-year history.

SBM Offshore announces that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the Operations and Maintenance Enabling Agreement signed in 2023. The award follows completion of front-end engineering and design studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers.

Aker Solutions has been awarded a sizeable EPCIC-contract for the Brasse tieback project for OKEA.

Norwegian state-owned company Petoro has awarded a frame agreement to AGR for the provision of independent consultancy and third-party verification studies within subsurface, drilling and wells, and field development.