Offshore

Saipem has secured a $425 million offshore contract to install 153 km (95 miles) of subsea pipelines for Turkey’s Sakarya gas field, expanding midstream infrastructure tied to the Goktepe discovery in the Black Sea.

TechnipFMC has secured a $250 million–$500 million subsea EPCI contract from Eni for the Coral North FLNG development offshore Mozambique, covering flowlines, risers, manifolds and umbilicals in ultradeep water.

TotalEnergies has strengthened its partnership with PTTEP through a stake adjustment in Malaysia’s SK408 offshore gas block, retaining operatorship while optimizing its regional gas portfolio. The move reinforces Malaysia’s role as a key hub for long-term gas supply and supporting infrastructure in Southeast Asia.

McDermott won an EPCIC contract from PETRONAS Carigali Brunei for a major offshore gas project that includes subsea infrastructure and a new export pipeline supplying Brunei’s LNG sector.

Allseas will install more than 320 miles of deepwater oil and gas export pipelines for Enbridge in the U.S. Gulf of Mexico, expanding subsea capacity and supporting future production growth.

Australia’s 3D Energi has confirmed a new gas discovery at the Essington-1 well in the offshore Otway Basin—part of the first major offshore exploration push in eastern Australia in nearly a decade. With Bass Strait declines accelerating, the find could support future supply and midstream infrastructure needs.

Golar LNG has closed a $1.2 billion refinancing for its FLNG Gimi vessel, unlocking $400 million in liquidity and securing improved terms for one of the world’s major floating LNG assets. The deal signals strong lender appetite for offshore gas infrastructure amid rising global LNG demand.

Greece has approved environmental terms for the Prinos CO₂ Storage Project, clearing the way for a new 12-mile subsea pipeline, upgraded offshore platforms and injection wells that will support up to 1 million tonnes of annual CO₂ storage starting in 2027.

EnerMech has secured a pipeline pre-commissioning contract from McDermott for Shell’s Manatee gas project offshore Trinidad and Tobago. The 115-km, 32-inch pipeline will support gas production of 604 MMscf/d by 2027, with EnerMech delivering nitrogen testing and dewatering services.

Poland’s Gaz-System will invite binding bids in 2026 to expand capacity at its floating LNG terminal near Gdansk, with strong shipper interest and rising exports to neighboring markets.

The HI field project will deliver 350 MMscf/d of gas to Nigeria LNG, supporting Train 7 and Shell’s broader strategy to grow global LNG capacity through 2030.

Eni and partners have approved the Coral North floating LNG project offshore Mozambique, a sister unit to Coral South. Once operational, the new facility will double Mozambique’s LNG export capacity to more than 7 million tons per year.

Aster is investing $125 million to modernize its single buoy mooring (SBM) and pipeline system in Singapore, securing long-term crude transfer capacity to its Bukom refinery.

TechnipFMC secured a $250–$500 million subsea contract to supply production systems for ExxonMobil’s Hammerhead project offshore Guyana, marking its seventh greenfield award in the Stabroek Block since 2017.

Norway’s Offshore Directorate has approved startup of a new Troll B pipeline tie-in to the Kvitebjoern system, set to begin in Q4 2025. The project will boost flexibility and sustain exports from Europe’s largest gas field.