Offshore News
Latest offshore coverage from Oil Authority and industry sources
Oil Authority Analysis11 articles
Norway Approves ConocoPhillips $2.1 Billion Restart of Albuskjell, Vest Ekofisk, and Tommeliten Gamma
Norway approved ConocoPhillips' $2.1 billion redevelopment of three closed Ekofisk-area fields, unlocking 90-120 MMboe at $18-24 per barrel development cost.
Equinor Lifts Wisting Stake to 42.5% in NCS Swap
Equinor lifts Wisting stake to 42.5% as Aker BP pays $23 million cash for Frigg UK and Ringvei Vest discoveries on the Norwegian Continental Shelf.
Exxon Uaru FPSO Lifts Guyana to 1.15M bpd
ExxonMobil's Uaru project advances on schedule for 2026 startup as the 250 kbpd Errea Wittu FPSO is moored, lifting Stabroek output past 1.15M bpd.
Equinor Deploys Valaris DS-17 for $9 Billion Raia Campaign in Brazil Campos Basin, Targeting 126,000 BPD and 15 Percent of Domestic Gas Supply by 2028
Equinor's $9 billion Raia project begins six-well drilling in Campos Basin at 2,900m depth, targeting 126,000 bopd and 15% of Brazil's gas demand by 2028.
Ghana Secures $3.5 Billion in Offshore Upstream Investment as Tullow Oil and Kosmos Energy Plan 20 New Jubilee and TEN Wells
Ghana locks in $3.5 billion offshore investment from Tullow Oil, Kosmos Energy and partners, funding 20 new wells as Jubilee production tops 70,000 bpd.
Transocean's Deepwater Asgard Wins $158 Million Eastern Mediterranean Contract, Driving $1.6 Billion April Backlog Surge
Transocean's Deepwater Asgard secures $158M Eastern Mediterranean contract as the offshore driller adds $1.6 billion in backlog during April.
Petrobras Approves $12 Billion SEAP I Final Investment Decision in Sergipe-Alagoas Basin, Targeting 120,000 BPD First Oil by 2030
Petrobras approved a $12 billion FID for SEAP I in Brazil's Sergipe-Alagoas Basin, targeting 120,000 bpd first oil by 2030 as global crude hits $130/bbl.
Petrobras Awards Subsea7 a $1.25 Billion SURF Contract for Sepia 2 Pre-Salt Development at 2,170 Meters in Santos Basin, Brazil
Petrobras Awards Subsea7 a $1.25B SURF Contract for Sepia 2 Pre-Salt Development at 2,170 Meters in Santos Basin, Brazil.
Aker BP Starts Production at Symra Field Nine Months Ahead of Schedule, Adding 25,000 Boe/d to Norwegian North Sea
Aker BP Starts Production at Symra Field Nine Months Ahead of Schedule, Adding 25,000 Boe/d to Norwegian North Sea.
Global Deepwater Spending Hits 5-Year High in 2026 as Operators Sanction Tieback Projects and Fast-Track Gulf of Mexico Developments
Global Deepwater Spending Hits 5-Year High in 2026 as Operators Sanction Tieback Projects and Fast-Track Gulf of Mexico Developments.
Azule Energy and TotalEnergies Bring Angola's Quiluma Offshore Gas Field Online, Adding 330 MMcfd and 2 Million Tonnes of Annual LNG Capacity
Azule Energy and TotalEnergies Bring Angola's Quiluma Offshore Gas Field Online, Adding 330 MMcfd and 2M Tonnes of Annual LNG Capacity.