Offshore/subsea systems

The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.

Operator started planning the development before it made its latest North Sea discovery.

This paper introduces an agentic artificial-intelligence framework designed for offshore production surveillance and intervention.

The award comes as a contract release purchase order under a long-term agreement that simplifies ongoing efforts to maintain mature field production in Saudi Arabia.

Changgui Xu will receive the 2026 Individual Distinguished Award, and CNOOC will receive the 2026 Institutional Distinguished Award.

The awards build on Tenaris’ role in earlier phases of the ultradeepwater Black Sea project.

An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.

Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.

Despite a 2.8% drop in liquefied natural gas exports in 2025 because of lost market share in China, Australia anticipates a 2026 rebound as new North West Shelf capacity comes online. Meanwhile, East Coast operators brace for a tsunami of wells entering the decommissioning pipeline and potential energy shortfalls necessitating LNG imports.

The vessel, ordered by Eni, is expected to double LNG production at Eni’s project offshore Mozambique to 7 mtpa when it goes online in 2028.