offshore

Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.

Engineering, procurement, construction, and installation awards made at the end of 2025 are expanding Saipem’s role in Turkey’s two largest offshore gas fields, plus Saudi Arabia’s Berri, Abu Safah, and Marjan oil fields and Qatar’s North Field gas giant in the Persian Gulf.

The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.

The project in the US Gulf is expected to add about 15,000 BOEPD to the deepwater Atlantis project at peak production.

First oil is expected from Phase 1 of the project in 2028, with up to four more phases planned.

Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.

The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.

Your willingness to contribute ideas and field experience helped strengthen a global community committed to advancing safe and responsible energy development.

This paper describes a decision-support system that integrates field data, system specifications, and simulation tools to quantify system performance, forecast operational challenges, and evaluate the effect of system modifications in water management.

Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.