Offshore

BW Offshore to acquire 70% stake in Maromba field offshore Brazil

BW Offshore, a provider of floating production services to the oil and gas industry, has signed an agreement to acquire 70% of the Maromba field offshore Brazil from Petrobras, for a total of $90m.

Angelin Gas Project

The Angelin gas project is located offshore south-eastern coast of Trinidad and Tobago. It is developed by BP Trinidad and Tobago (BPTT, operator), a subsidiary of BP (70%) and Repsol (30%).

Ampelmann enters Mexican market after signing first contract

Dutch offshore access provider Ampelmann has secured its first contract in Mexico, adding a new region to its global portfolio.

Italian court gives green light to recovery of $530m judgment against Kazakhstan

On March 1, 2025, the Rome Court of Appeal handed down its ruling in favor of the Stati parties in Stati et al. v. Republic of Kazakhstan, rejecting all objections and defenses raised by the Republic of Kazakhstan against the recognition of a US$530 million arbitral award in Italy.

Ring Energy to acquire North Central Basin assets from Wishbone Energy Partners

Ring Energy announced that it has agreed to acquire North Central Basin Platform assets, located in Southwest Yoakum County, Texas and East Lea County, New Mexico, from Wishbone Energy Partners and its affiliates.

Spirit Energy plans to decommission disused gas platforms in Morecambe Bay

Two normally unmanned installations which used to produce gas in Morecambe Bay will be decommissioned under plans to be submitted by Spirit Energy.

James Fisher acquires Arabian offshore contractor Murjan

James Fisher and Sons (JFS), a UK-based offshore engineering services company, has acquired Murjan Al-Sharq Marine Contracting (MSMC) for an undisclosed amount in a move to further expand its capabilities in the Middle East.

Mariner Oil Field, North Sea

Mariner oil field, located 150km east of Shetland, in the northern North Sea, UK, is scheduled to commence production in the first half of 2025. The $7bn offshore development project represents one of the biggest upstream investments in the UK Continental Shelf (UKCS) in the last 15 years.

Midia Gas Development Project, Black Sea

Midia Gas Development (MGD) project comprises the development of Ana and Doina gas fields, which are located in the Black Sea, 120km off the Romanian coast, in 70m of water.