Oil & Gas / Offshore Drilling Rigs
- Brent still ~$71.80–$72.50 | WTI ~$66.50–$68.90 holding 6-month highs on persistent US–Iran risk premium (nuclear deadline now <10 days away).
- Saipem closes acquisition of ultra-deepwater drillship Deep Value Driller ($272.5M) — fleet upgrade signals rising demand for HPHT & ultra-deepwater drilling in Gulf, Brazil, Suriname.
- ConocoPhillips exploring $2–$3B Permian divestment capital likely shifting back toward offshore/deepwater projects.
- Tullow Oil refinances ~$1.8B debt + extends Jubilee & TEN offshore Ghana agreements production certainty in West Africa deepwater.
LNG & Gas
- Argentina LNG (YPF/Eni/XRG) FEED phase advancing 12 mtpa project on Vaca Muerta gas targeting FID 2026–2027.
- Asia February crude imports on track for record ~28.5 mbpd India ramps Saudi volumes (up to ~1.1 mb/d) as Russian supply tightens.
Offshore Wind
- US East Coast projects (Sunrise, Revolution, CVOW) continue to win court battles against Trump admin pauses CVOW (2.6 GW) >70% complete, first power late March 2026.
- Global floating wind secures 2.4 GW new routes-to-market in recent auctions France, South Korea, UK leading.
- Japan’s Goto floating wind project reaches full commercial operation first large-scale floating success in Asia-Pacific.
LNG & Gas
- Argentina LNG (YPF/Eni/XRG) FEED phase advancing 12 mtpa project on Vaca Muerta gas targeting FID 2026–2027.
- Asia February crude imports on track for record ~28.5 mbpd India ramps Saudi volumes (up to ~1.1 mb/d) as Russian supply tightens.
Offshore Wind
- US East Coast projects (Sunrise, Revolution, CVOW) continue to win court battles against Trump admin pauses CVOW (2.6 GW) >70% complete, first power late March 2026.
- Global floating wind secures 2.4 GW new routes-to-market in recent auctions France, South Korea, UK leading.
- Japan’s Goto floating wind project reaches full commercial operation first large-scale floating success in Asia-Pacific.
Quick Sentiment
- Short-term bullish on oil (geopolitics)
- Offshore drilling & deepwater fleet demand rising
- Floating wind accelerating despite policy noise
- LNG export projects gaining speed
Which story is most relevant to your work this week?
Comment below! Full roundup & links on the blog: https://offshorepipelineinsight.com/
Subscribe for weekly updates & HPHT/offshore insights.