LATEST HEADLINES

• NearZero FPSO Design From SBM Offshore Gets Approval From ABS

  5/7/2025

  ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit.

• Permian Resources Announces Strong First Quarter 2025 Results, Revised 2025 Guidance And Strategic Bolt-On Acquisition Of Core Northern Delaware Basin Assets

  5/7/2025

  Permian Resources Corporation (“Permian Resources” or the “Company”) today announced its first quarter 2025 financial and operational results, revised full year 2025 guidance and a strategic Northern Delaware Basin bolt-on acquisition.

• Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, And Oman Reaffirm Commitment To Market Stability On Current Healthy Oil Market Fundamentals And Adjust Production Upward

  5/6/2025

  The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 3 May 2025, to review global market conditions and outlook.

• Makes FID On Maromba Field Development In Brazil

  5/5/2025

  BW Energy is pleased to announce the final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO.

• Valaris Announces Contract Award For Drillship VALARIS DS-15

  5/5/2025

  Valaris Limited (“Valaris” or the “Company”) announced today that it has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026.