Protect Mobilisation Windows as Vessel and Subsea Awards Tighten

Home Fossil Energy MOL Group buys Shell’s subsidiary in Cyprus for $720 million July 31, 2026, by UK-headquartered energy giant Shell has reached an agreement with Hungarian multinational oil & gas company MOL Group for the sale of its 100%-owned subsidiary BG Cyprus Limited for up to $720 million. BG Cyprus holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas field located approximately 170 kilometers southeast offshore, in the eastern Mediterranean

” The development plan of the Aphrodite field includes the drilling of four wells and the establishment of an independent floating production facility. The final investment decision (FID) is planned in 2027, with first gas expected in 2031

The final investment decision (FID) is planned in 2027, with first gas expected in 2031. The project also includes the construction of a 250-kilometer subsea pipeline linked to Egypt’s gas transmission network

Home Fossil Energy PLSVs owned by DOF-TechnipFMC JV get more time with Petrobras July 31, 2026, by Two pipelay support vessels (PLSVs) owned by a joint venture of DOF Group and TechnipFMC have secured long-term contract extensions with Brazil’s oil & gas company Petrobras

Previously scheduled to terminate in the third quarter of 2026, the long-term contracts have now been extended through January 2028. To remind, at the end of 2025, the joint venture’s other three PLSVs secured contract extensions with Petrobras, with Skandi Vitória and Skandi Niterói having been extended from the fourth quarter of 2025 until the first quarter of 2027 and Skandi Açu from the third quarter of 2026 also until the first quarter of 2027

Previously scheduled to terminate in the third quarter of 2026, the long-term contracts have now been extended through January 2028

Home Fossil Energy BP puts into production another expansion project in US Gulf July 30, 2026, by UK-headquartered energy giant BP has put into production an expansion project of a field in the U

Source: BP BP reported today, July 30, the start-up of the Atlantis Major Facility Expansion project, which adds two new subsea water injection wells to the Atlantis field to help increase the pressure of targeted reservoirs, unlocking additional barrels and extending the asset’s producing life

At the end of 2025, the UK-headquartered firm delivered first oil two months ahead of plan from the two-well Atlantis Drill Center 1 expansion project in the Gulf of America, representing its seventh major project start-up. These projects are part of BP’s plan to deliver ten major project start-ups globally by 2027

Source: Azule Energy via LinkedIn The Greater PAJ project is described as Angola’s first integrated cross-block development, with first oil expected in less than three years, in the first half of 2029. The development brings together five offshore fields across two blocks, Palas, Astraea and Juno in Block 31 and Urano and Dione in Block 31/21

Source: Azule Energy via LinkedIn This comes one month after the project’s final investment decision (FID)

Saipem secured a $1 billion contract for the project entailing the engineering, fabrication, transportation and installation of approximately 180 kilometers of rigid pipelines and subsea facilities, as well as the transportation and installation of 38 kilometers of flexible flowlines and jumpers and 54 kilometers of umbilicals