Secure APAC P&A Mobilisation Against Rising Rig and Vessel Demand

The latest FEED award comes less than three months after Technip Energies received full notice to proceed (FNTP) with an engineering, procurement, and construction (EPC) contract for the Commonwealth LNG export facility in Louisiana

Home Fossil Energy Technip Energies shaping Malaysia’s new LNG import gateway with FEED in hand August 12, 2026, by French-based engineering player Technip Energies has been tasked with front-end engineering design (FEED) work for a liquefied natural gas (LNG) project off the coast of Malaysia, enabling it to bring to life Southeast Asia’s next LNG regasification terminal. Yan project in Kedah, northwest Malaysia; Source: Technip Energies Technip Energies has secured a FEED contract for the offshore regasificat

With a capacity of 6 million tons per annum (mtpa), the terminal will comprise an offshore floating LNG storage and regasification (FSRU), marine infrastructure, a subsea gas pipeline, and an onshore receiving facility

9 billion EPC deal for Phase 2 to Wison Engineering and a $4. 3 billion EPC deal for Phase 3 to Tecnimont, building on Phase 1, announced in June 2025, which is expanding key processing units to increase throughput and improve operational efficiency across multiple gas assets

The company has awarded a $3. 9 billion EPC deal for Phase 2 to Wison Engineering and a $4

9 billion EPC deal for Phase 2 to Wison Engineering and a $4

Borr Drilling’s Prospector 1 rig; Source: Neptune Energy, part of Eni Within its latest fleet status report, Borr Drilling reported eight jack-up rig contract commitments, representing over 2,100 days of additional firm work. As a result, the company emphasizes that its 2026 contract coverage is now at 73%, with an average day rate of approximately $134,000 per day and coverage in the second half of the year at 70%

Borr Drilling’s Prospector 1 rig; Source: Neptune Energy, part of Eni Within its latest fleet status report, Borr Drilling reported eight jack-up rig contract commitments, representing over 2,100 days of additional firm work

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Home Subsea Shearwater strengthens backlog with two large awards in India August 12, 2026, by Norwegian Shearwater GeoServices has received two letters of award (LOAs) from India’s government-owned Oil and Natural Gas Corporation (ONGC) for 3D seismic surveys offshore India which together add approximately 15 vessel months of backlog. Source: Shearwater Geoservices The awards cover a nine-month project offshore India’s west coast and a six-month survey on the east coast

Source: Shearwater Geoservices The awards cover a nine-month project offshore India’s west coast and a six-month survey on the east coast. Both projects are described as large and are expected to begin early in the fourth quarter of 2026, materially strengthening vessel utilization visibility into 2027

We have built a strong position in India with continuous presence since 2016, leveraging our industry-leading capabilities and knowledge of the local market,” said Irene Waage Basili, CEO of Shearwater. “Our long-standing relationship with ONGC demonstrates our extensive operational track record and provides a solid foundation for continued activity across our fleet and the delivery of high-quality geophysical data supporting regional value creation