Reposition APAC sourcing ahead of European exploration and integrity tech adoption

“The FPSO’s advanced design supports future remote operations from shore, while its AI-enabled systems help predict equipment failures, reduce emissions, and enhance process safety insights — enabling smarter, safer, and more sustainable operations,” emphasized the Japanese company. The FPSO Errea Wittu, which will be deployed approximately 200 kilometers offshore Guyana, at a water depth of 1,690 meters, using a SOFEC spread mooring system, will be able to store around 2 million barrels of crude oil

Home Fossil Energy MODEC’s FPSO reaches Guyana as ExxonMobil’s fifth oil project nears start-up Japan’s MODEC has announced the arrival of a floating production, storage, and offloading (FPSO) vessel in Guyanese waters ahead of its deployment on a project in the Stabroek block, as the development moves closer to first oil expected later this year. FPSO Errea Wittu; Source: MODEC MODEC’s FPSO Errea Wittu, which was developed for ExxonMobil Guyana, a subsidiary of the U

It also highlights the strength of global collaboration among MODEC, our partners and the local communities in Guyana. “From early-stage engineering, procurement, and construction to onshore commissioning and final delivery, every step was made possible through teamwork

Odfjell Drilling’s Deepsea Stavanger rig; Source: Rune Samuelsen/Equinor The three companies are establishing a strategic exploration collaboration to pursue some of the largest remaining opportunities on the NCS to increase the chances of major discoveries that can support new standalone field developments and long-term value creation. The trio has agreed to combine expertise, data, technology and exploration capacity to explore selected high-impact exploration opportunities

Home Fossil Energy Equinor, Aker BP and Vår Energi launch multi-year hunt for Norway’s next big oil & gas discoveries August 24, 2026, by Three of Norway’s biggest oil and gas players – Equinor, Aker BP, and Vår Energi – are joining forces to search for the next batch of major hydrocarbon discoveries on the Norwegian Continental Shelf (NCS), targeting up to 25 high-impact exploration prospects over the next few years

This collaboration is a transformative step for the future exploration of high-impact opportunities on the NCS

This wellhead fatigue software, renamed Wellhead Fatigue Manager, brings well data, analysis, and standardized workflows into one place, so operators can track and manage accumulated fatigue damage throughout the life of a subsea well. The platform integrates DNV-RP-E104, the recommended practice for wellhead fatigue analysis in use by more than 400 companies in 55 countries, and replaces fragmented, one-off engineering assessments with continuous, data-driven fatigue management

No data is shared between companies

This wellhead fatigue software, renamed Wellhead Fatigue Manager, brings well data, analysis, and standardized workflows into one place, so operators can track and manage accumulated fatigue damage throughout the life of a subsea well

The exploration well 25/7-13 was drilled by COSL Drilling Europe’s COSL Innovator semi-submersible rig, which is now moving on to production license 50 HS in the northern part of the North Sea, where it will drill the wildcat well 34/10-56 S, also operated by Equinor. This discovery comes months after Equinor found a commercial oil discovery within the Snorre area in the Omega Sør (South) Alfa prospect, located in the North Sea around 200 kilometers northwest of Bergen

The exploration well was not formation-tested, but extensive volumes of data and samples were collected, including cores and hydrocarbon samples

The exploration well was not formation-tested, but extensive volumes of data and samples were collected, including cores and hydrocarbon samples. The water depth at the site is 126 meters, and the well has been permanently plugged and abandoned

S. marketed natural gas production will average 122

Sites that are listed as commissioning have introduced feedgas, system testing, and first LNG production and exports but have not started meeting long-term shipping obligations

China, the world’s largest importer of crude oil, imported less crude oil in the second quarter of 2026 (2Q26) following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz. China’s lower imports reduced global demand, softening the upward price effects from the disrupted supply through the strait