Project analysis, contract awards and market movements across the FPSO and offshore energy sectors, researched by the Intelatus team.
Saipem and Jan De Nul have signed a letter of intent covering approximately €11 million of preliminary engineering, procurement and technical services for Rovuma LNG Phase 1 in Mozambique. A potential full subsea EPCI award remains conditional on project sanction and government and regulatory approvals.
Petrobras and Seatrium held a christening and sailaway ceremony for the P-80 and P-82 production platforms at Tuas Boulevard Yard in Singapore on August 27, 2026. Final module integration is under way, with the units due to sail for Brazil in the coming weeks and P-80 leaving first.
Petrobras and Seatrium have christened the P-80 and P-82 offshore production platforms at Tuas Boulevard Yard in Singapore. Both units are undergoing final module integration ahead of sailaway to Brazil, with production from the Búzios field scheduled to begin in 2027.
Petrobras said average natural gas exports from the Búzios field reached a record 10.8 million cubic metres per day in July 2026, followed by a daily record of 14.1 million cubic metres on August 6. Upgrades to existing production platforms, rather than the addition of new systems, drove the increase.
Santos, TotalEnergies, PETRONAS and KOGAS have agreed to acquire the producing Greater Meridian coal-seam-gas project in Queensland for A$430 million, subject to approvals. Santos will take a 30% interest and become operator, while separately completing the sale of its 42.86% operated Mahalo interest to Comet Ridge Mahalo.
Equinor plans to lift equity production outside Norway from 750,000 boepd in the second quarter of 2026 to 950,000 boepd by 2030, while generating about $20 billion of free cash flow over 2026-2030. Growth is expected to be led by US, Brazilian and Angolan assets, including Sparta, Greater PAJ, Bacalhau and Raia.
Boskalis reported first-half 2026 revenue of €1.90 billion and net profit of €275 million, both below the exceptionally strong prior-year period, while its order book stood at €6.8 billion. Offshore energy remained a major contributor as the company advanced fleet renewal and cable-lay capacity investments.
Equinor has agreed to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 in Namibia’s offshore Orange Basin from Chevron subsidiary Harmattan Energy. The transaction, which remains subject to regulatory approvals and completion, gives Equinor access to a drill-ready prospect scheduled for testing in 2026.
The Alexandre de Gusmão FPSO has reached its planned production plateau of 180,000 barrels of oil per day at the Mero field in Brazil’s Santos Basin. The SBM Offshore-chartered unit is the fifth FPSO installed at Mero and currently has eight of an initially planned 12 wells connected.
BW Offshore has moved Practical Completion of BW Opal to the second quarter of 2027 after identifying technical issues involving third-party equipment, prompting a $125 million non-cash impairment and lower 2026 EBITDA guidance. The FPSO is producing at 85% of nameplate capacity, while an extended BW Catcher contract has added about $490 million to firm backlog.
