The Latest

PE Investors Scoop Up Offshore Services Provider Acteon Group

Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.

AI Advancing Underwater, Reducing Human Risk

Experts at CERAWeek by S&P Global detail the changes AI has made in the subsea robotics space while reducing the amount of human effort and safety hazards offshore.

Less Heisenberg Uncertainty with Appraisal Wells

Equinor proves Heisenberg in the North Sea holds 25 MMboe to 56 MMboe, and studies are underway for a potential fast-track tieback development.

E&P Highlights: Feb. 26, 2024

Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.

TechnipFMC Eyes $30B in Subsea Orders by 2025

TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.

Shell Brings Deepwater Rydberg Subsea Tieback Onstream

The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.

Subsea Tieback Round-Up, 2026 and Beyond

The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

Curtiss-Wright to Deploy Subsea System at Petrobras' Campos Field

Curtiss-Wright and Petrobras will combine capabilities to deploy a subsea canned motor boosting system at a Petrobras production field in the Campos Basin.

DNO Acquires Arran Field Stake, Continuing North Sea Expansion

DNO will pay $70 million for Arran Field interests held by ONE-Dyas, and up to $5 million in contingency payments if certain operational targets are met.