Adjust Rig Sourcing for Emerging Offshore Demand Signals in APAC

The proposed Kanata LNG project remains subject to numerous approvals and conditions, including environmental assessments, engagement with Indigenous communities, regulatory approvals and the negotiation and execution of definitive commercial agreements

This FLNG export project is expected to have a capacity of up to 12 million tonnes per annum (mtpa). Under the terms of the MOU, Hanwha Ocean and Kanata intend to explore potential opportunities for cooperation across several technical and commercial areas, including engineering and construction of FLNG production and related facilities; operations and maintenance services over the facilities’ operating life; strategic equity participation by the Korean firm or affiliated entities; long-term LNG purchase arran

7 billion floating LNG project on Canada’s horizon as Kanata partners with Hanwha Ocean June 17, 2026, by South Korea’s Hanwha Ocean has signed a non-binding memorandum of understanding (MOU) with Kanata Clean Power & Climate Technologies Corp. to explore potential cooperation on a proposed development of a floating liquefied natural gas (FLNG) export project planned for Prince Rupert, British Columbia, Canada

These milestones reflect the strength of our deepwater portfolio and our focus on value creation through disciplined execution

The Monument project is being developed via a two-well, 17-mile subsea tie-back to the Beacon-operated Shenandoah floating production system

Olympus; Source: Shell Beacon has drilled the first Monument field development well located in Walker Ridge Block 315 to its total measured depth of 32,250 feet in a structurally high location, encountering 245 net feet true vertical thickness pay, which confirms pre-drill expectations of high-quality Lower Wilcox oil reservoirs consistent with wells drilled during the exploration and appraisal phase. The rig operations at the field will continue with the drilling of the second Monument development well, follo

Home Fossil Energy Oil gushes out of fourth well at subsea tie-back in Brazilian waters June 17, 2026, by Brazilian oil and gas company PRIO, formerly known as PetroRio, has brought online another well at its subsea tie-back project in the Campos basin off the coast of Brazil. FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO PRIO has begun production from the fourth producing well at the Wahoo field, stabilizing its production at 10,000 barrels of oil per day

Home Fossil Energy Oil gushes out of fourth well at subsea tie-back in Brazilian waters June 17, 2026, by Brazilian oil and gas company PRIO, formerly known as PetroRio, has brought online another well at its subsea tie-back project in the Campos basin off the coast of Brazil

FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO PRIO has begun production from the fourth producing well at the Wahoo field, stabilizing its production at 10,000 barrels of oil per day

According to Puerto Bahía, ECOnnect Energy was selected based on its track record in fast-track LNG developments

Home Fossil Energy ECOnnect tasked with jettyless transfer solution for Colombia’s new LNG terminal June 17, 2026, by Norway’s technology company ECOnnect Energy has been hired to deliver its IQuay F-Class jettyless transfer system for Puerto Bahía’s fast-tracked liquefied natural gas (LNG) import terminal in Cartagena Bay, Colombia

By combining marine LNG infrastructure with an existing multimodal port, the project aims to accelerate time to market while limiting the footprint traditionally associated with large-scale marine infrastructure developments