Borr Drilling's Prospector 5 jack-up sank while preparing for drilling on the Dussafu Marin licence offshore Gabon. As of 26 October, 110 people were safe and five remained missing.
bp and TechnipFMC have signed an MoU to advance technology development and standardised deployment of 20K subsea tree systems for deep high-pressure projects in the US Gulf of Mexico.
Petrobras' P-80 and P-82 FPSOs have left Singapore 18 days apart for the Búzios field, moving two large EPC projects from yard construction into offshore deployment.
Shell has agreed to acquire a 30% non-operated interest in Bay du Nord. Equinor will retain 70% and remain operator as the FPSO project advances through FEED toward an early-2027 FID.
COOEC has won QatarEnergy's MM EPIC2 package, covering more than 100 kilometres of subsea pipelines, cables and umbilicals for the Maydan Mahzam redevelopment.
Ownership decisions reflect utilisation, redeployment potential, capital requirements and operating capability—not simply whether an oil company can afford the asset.