Eni announces a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. The preliminary estimates indicate a discovered potential of around 300-400 million barrels equivalents (Mboe) of oil and associated gas in place.

PETRONAS, through Malaysia Petroleum Management (MPM), signed a Small Field Asset (SFA) Production Sharing Contract (PSC) with Vestigo Petroleum Sdn Bhd (Vestigo) for a Discovered Resource Opportunity (DRO) cluster, which was marketed under the Malaysia Bid Round Plus (MBR+).

Vår Energi has extended the long-term agreement for delivery of up to a total of five billion cubic meters (bcm) natural gas to Eni over a 12-year period.

Baker Hughes, an energy technology company, announced it has entered into a new 10-year services frame agreement with Woodside Energy to support its LNG operations in Australia.

Wood has been selected by EPCI contractor Rosetti Marino to deliver a front-end engineering design (FEED) study for the INEOS Hejre development project in the Danish sector of the North Sea.

The Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia.

SLB has announced a contract award from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric Subsea Production Systems (SPS) project in the Fram Sør field, offshore Norway.

Mermaid Subsea Services (UK) Ltd has been awarded a multi-year Engineering, Preparation, Removal, and Disposal (EPRD) Well Head Severance (WHS) contract by Shell UK Ltd in the North Sea.

Oceaneering International, Inc. (Oceaneering) announced that its Offshore Projects Group (OPG) segment has been awarded multiple contractual agreements for vessel services with global energy companies, covering operations in the Gulf of Mexico.

MODEC, Inc. (MODEC) and Terra Drone Corporation (Terra Drone) have announced that they have entered into a joint research and development agreement to enhance inspection drones for Floating Production, Storage and Offloading system (FPSO). This agreement follows the Memorandum of Understanding signed by both companies on November 7, 2023.

Reach Subsea AS has entered into an agreement with Equinor to conduct a technology qualification program for the Reach Remote USVs. Reach Subsea’s USVs, Reach Remote 1 and 2, have entered the final testing stage. This contract confirms the qualification pilot program necessary to validate their intended operations, with financial support from Equinor.

Transocean Ltd. has announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the US Gulf of Mexico.

Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge, started production from the first Lavrans well in the Kristin South in the Norwegian Sea.

Take it from Matt Johnson, a Chevron field development and portfolio optimization specialist: The right technologies can be game changers in the realm of offshore energy development.

The Vår Energi operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18-39 million barrels of oil equivalent (mmboe).

Ocean Installer has been chosen by Equinor and its partners in the Troll A license as the SURF Contractor for their new 12 billion NOK investment in the Troll Phase 3—Stage 2 Project. This SURF EPCI contract, worth over one billion NOK, includes a substantial fabrication scope and offshore work over three years, with the first campaign beginning in 2025.