Industry News

SLB was awarded two engineering, procurement and construction (EPC) contracts by PTTEP to its OneSubsea joint venture. As part of the EPC contracts, SLB OneSubsea will deliver comprehensive subsea production systems (SPS) for the Alum, Bemban and Permai deepwater gas fields located in Block H and the Kikeh field, Malaysia’s first deepwater oil project.The scope includes horizontal subsea trees, umbilicals, control systems and associated services.The Block H gas development began producing natural gas from the Rotan and Buluh fields in February 2021, while the Kikeh oil and gas field has been in production since 2007. The fields have water depths

Northern Ocean has announced a five-month contract extension from Equinor for the Deepsea Bollsta semisubmersible, which continues drilling operations on the Johan Sverdrup field offshore Norway.The extension follows the rig’s initial two-year firm term and will allow completion of an eight-well program for the Johan Sverdrup Unit. The contract also retains five one-year options for Equinor after the current term.（2025-11-01）

Citizen Energy Ventures lanuched the Citizen Energy 2025 Drilling Fund, a $20 million private placement offering designed to establish long-life oil and natural gas reserves through a drilling program in Oklahoma’s Anadarko Basin.Covering nearly all of western Oklahoma, the Anadarko Basin is approximately 50,000 sq mi in size, seven mi deep and crosses into four states. The 2025 Drilling Fund will consist of interests in eight wells in the basin’s Cherokee Formation, which is composed of conventional reservoirs and source rocks with proven reserves.（2025-10-31）

Oceaneering’s Offshore Projects Group (OPG) was awarded a contract by BP for the provision of riserless light well intervention services (RLWI) in the Azeri-Chirag-Deepwater Gunashli (ACG) oilfield of the Caspian Sea.Oceaneering will support this multi-well mechanical wireline intervention campaign with one of its deepwater RLWI systems integrated onto a customer-provided subsea construction vessel. The scope of work will also include project management, engineering and systems integration services provided by Oceaneering’s local and international personnel.Engineering and pre-mobilization activities have begun, and field operations are expected to commence in Q4 2025.（2025-10-30）

WellSense developed a single-use, jet-propelled and battery-powered well conveyance technology that is able to rapidly deploy bare fiber into highly deviated wells. The conveyance system has been designed to improve the speed, quality, cost and efficiency of diagnostic surveys in horizontal wells.WellSense completed a technology field trial in August 2025, where the FiberLine Intervention Conveyance System (FliCS) deployed bare fiber into a 19,000-ft uncompleted well in the Permian Basin for cross well strain monitoring. The deployment took 50 minutes, which is around 10 times faster than a standard pumpdown operation.FliCS has been developed at WellSense’s UK headquarters and R&D hub

Tenaris was awarded the supply of casing and tubing for the Trion project, located in the Perdido Fold Belt, approximately 180 km off the Mexican coastline. Tenaris will also provide line pipe and coatings for bends, flowlines and risers as part of the project’s subsea infrastructure.At a water depth of 2,500 m, Trion is a greenfield project being developed by Woodside and Pemex. Trion will be the first project in Mexico’s deepwater, with first oil expected in 2028 and a nameplate production capacity of 100,000 barrels per day.Under the Rig Direct service model, Tenaris will supply 12,000 tons of casing

Aramco tapped Baker Hughes to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in Q3 2025 and work is scheduled to commence in 2026.Under the multi-year agreement, Baker Hughes will expand its current UBCTD fleet from four to 10 units for re-entry and greenfield drilling projects across fields in the Kingdom. The company will provide integrated solutions to manage all aspects of the UBCTD operations, including coiled tubing drilling units, underbalanced drilling services, operational management, well construction and geosciences to scale and accelerate their access to gas from new

Petrobras acquired two exploration blocks in Brazil’s Campos Basin during the 3rd Cycle of the Permanent Production Sharing Offer, conducted by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).Petrobras, in partnership with Equinor, acquired the Jaspe block, with Petrobras holding a 60% operating interest and Equinor the remaining 40%. In addition, Petrobras acquired full ownership of the Citrino block.（2025-10-24）