Reposition APAC sourcing as regional rig and fabrication demand rises

Troll Phase 3 stage 2 builds on the subsea facilities from the Troll Phase 3 project, which came on stream in 2021, reusing design and standardized solutions to reduce execution time and costs, paving the way for future subsea developments

Troll Phase 3 stage 2 builds on the subsea facilities from the Troll Phase 3 project, which came on stream in 2021, reusing design and standardized solutions to reduce execution time and costs, paving the way for future subsea developments. Troll Phase 3 stage 2 comes on stream just over two years after the partnership’s investment decision

The main reasons are efficient marine operations and a highly efficient drilling campaign, which was completed 25 per cent faster than planned

Home Fossil Energy WATCH: North Sea decom campaign retires trio of gas wells in UK waters August 25, 2026, by Spirit Energy, a North Sea operator, has finished a multimillion-dollar decommissioning campaign in the UK sector of the North Sea, plugging and abandoning (P&A) three gas wells that have reached the end of their productive lives and removing more than 234 tons of subsea infrastructure. Well-Safe Protector rig; Source: Spirit Energy Spirit Energy has completed a £40 million ($55 million) decommissioning

Well-Safe Protector rig; Source: Spirit Energy Spirit Energy has completed a £40 million ($55 million) decommissioning campaign in the North Sea, which involved more than 114,000 hours of work and brought together specialist vessels, a rig, remotely operated vehicles (ROVs), and teams from across more than 30 UK supply chain partners, including DeepOcean and Well-Safe Solutions. The operator has plugged and abandoned three subsea wells and removed more than 234 tons of subsea infrastructure, with 100% of the r

“We’ve had multiple vessels in the water at any one time, including tugs, a rig, a construction support vessel and ROVs, all while having to work together along with existing assets that are still in the field

Home Fossil Energy Arabian Drilling set to kick off rig ops offshore Oman before quarter-end August 25, 2026, by Arabian Drilling, described as Saudi Arabia’s largest onshore and offshore drilling contractor by fleet size, has expanded its footprint in the Gulf Cooperation Council (GCC) with a multi-well assignment off the coast of Oman. Illustration; Source: Arabian Drilling Arabian Drilling signed a contract with Masirah Oil and Northern Offshore on August 17, 2026, with a value of less than 5% of total reven

“As we continue to expand our regional presence, we remain focused on delivering sustainable growth, creating long-term value for our shareholders, and supporting the evolving needs of the energy sector across the region. ” Recently, Arabian Drilling obtained the green light for all remaining suspended offshore rigs to resume operations, reflecting the continued recovery in offshore market activity, as illustrated by ADES, which also secured the go-ahead to restore all temporarily suspended offshore rig operati

” Recently, Arabian Drilling obtained the green light for all remaining suspended offshore rigs to resume operations, reflecting the continued recovery in offshore market activity, as illustrated by ADES, which also secured the go-ahead to restore all temporarily suspended offshore rig operations in Saudi Arabia

The two partners are currently discussing how the FPSO OSX-1 will be formally incorporated into their existing Sea Lion joint venture agreements. Navitas estimates this second FPSO could increase Sea Lion production capacity by a further 125,000 barrels of oil per day (bopd) and accelerate subsequent production phases when compared to current plans

The company has now exercised an option to acquire the second FPSO, named OSX-1, with the completion of the acquisition expected during the coming month. The aggregate cost of acquiring the FPSO OSX-1, excluding the anticipated upgrade costs, is approximately $125 million

Navitas and Rockhopper are discussing the optimal arrangement for how the acquisition of the FPSO OSX-1 might be structured between them

” While engineering and project management activities will be led from McDermott’s offices in the United Arab Emirates, fabrication will be carried out at QMW, the firm’s joint venture fabrication yard in Qingdao, China

Home Fossil Energy McDermott clinches over $1 billion EPCI job for ADNOC’s $6

“Leveraging our extensive regional experience and integrated execution capabilities, we look forward to supporting ADNOC’s production objectives and contributing to the UAE’s long-term energy ambitions. ” While engineering and project management activities will be led from McDermott’s offices in the United Arab Emirates, fabrication will be carried out at QMW, the firm’s joint venture fabrication yard in Qingdao, China