Shell

Milestones and Challenges Mark End of 2025 for Global Offshore Sector

December 2025 saw significant FPSO developments such as Drydocks World's completion of an EMEM conversion for Nigeria's Okwok field, Finder Energy's acquisition of Petrojarl I for Timor-Leste, production issues at Balder's Jotun FPSO and Petrobras P-69 production issues, alongside Petrobras postponing two units and Shell expanding stakes in Brazilian fields - events which highlighted sector resilience amid operational hurdles.[65 words]

Black Sea

Major Offshore Deals and Discoveries Shaping Energy Landscape in December 2025

Harbour Energy's $3.2 billion purchase of LLOG marks its entrance into U.S. Gulf deepwater assets, while Shell and INEOS Energy announce their first oil discovery in the Gulf of America. CNOOC launches production from its Xijiang 24 wellhead platform while contracts continue flowing to TechnipFMC, Subsea7, and other companies from Mozambique Australia and beyond -- signalling robust offshore momentum amid expanding Caribbean logistics networks.

North Sea

Reach Subsea Increases USV Fleet Expansion With Orders and Regulatory Milestones

Reach Subsea has ordered two uncrewed surface vessels from Kongsberg Maritime following separate approvals for uncrewed operations and regulatory clearance for the commercial rollout of Reach Remote 1 and 2. These approvals are important milestones in the sustainable provision of offshore services, reducing emissions and increasing safety in the waters of Norway and Australia.

Offshore Energy

Norwegian Offshore Directorate Grants Key Drilling Permits as North Sea Activity Gains Momentum

Equinor Energy AS was granted drilling permits by the Norwegian Offshore Directorate to drill wellbores 7220/7-5 and 35/11-32 S in production licences 532 and 090 HS respectively. This recognition came in light of the explorer’s work on the Norway continental shelf amid continued reporting of hydrocarbon discoveries and production.