Curated offshore energy news from our DailyLogix desk.
Ten offshore energy stories every fortnight, tracking the latest moves across the supply chain – from rigs and production to subsea, marine and renewables.
Westwood Energy News - Edition 9 - 22nd October 2026
What are the latest subsea announcements?
- TechnipFMC and BP Signs MoU for Supply of 20K Subsea Production Systems
TechnipFMC has announced that it has signed a Memorandum of Understanding (MoU) with BP, establishing a framework for the two companies to cooperate on supplying 20,000 psi (20K) subsea tree systems for BP’s Paleogene projects in the US Gulf. The MoU allows both parties to identify and work together on early opportunities and future technology development to improve schedule certainty and project outcomes.
- Finder Awards Hakuryu-5 Drilling Contract for KTJ Development Wells
Finder Energy has announced that it has contracted ENEOS Drilling’s Hakuryu-5 semi-submersible drilling rig for Finder Energy’s Kuda Tasi and Jahal (KTJ) fields offshore Timor-Leste. The contract covers a firm three-well development programme, plus associated equipment and personnel, with options for two additional wells to support third-party drilling campaigns or exploration and appraisal targeting potential tie-backs within PSC 19-11. The award remains conditional on securing the required Joint Venture, government and Finder board approvals by 31 December 2026, as well as ENEOS parent company and board approvals by 16 November 2026. Finder is targeting a final investment decision (FID) by 30 November 2026, with drilling scheduled to commence on 1 December 2027 and expected to take approximately 150 days.
The programme will include drilling and completing the three production wells, running completion assemblies and installing the wellheads and Christmas Trees in preparation for hook-up to the Petrojarl I floating production, storage and offloading (FPSO) vessel. The contract followed a competitive tender, evaluation and negotiation process, including an inspection of the Hakuryu-5 in Labuan, Malaysia, involving representatives from Finder’s JV partner, TIMOR GAP, and an assessment of logistics and local-content capabilities in Dili, Timor-Leste. Finder has also secured several critical-path items and services: Sumitomo will manufacture and supply Oil Country Tubular Goods (OCTG), including casing, production liner and completion tubing. OneSubsea is fabricating three Christmas Trees, suitable wellheads have been acquired from another joint venture. AGR will provide integrated drilling-management services, and SLB will supply upper-completion equipment, including downhole flow-control valves, gauges, chemical-injection equipment, packers, subsurface safety valves, control lines and associated spares.
Which offshore drilling rigs are on the move?
- Arabdrill 70 Arrives at Yumna Field for New Contract
Jackup Arabdrill 70 (400′-IC) has arrived at the Yumna field offshore Oman for its new drilling commitment with Masirah Oil Limited. The rig is scheduled to undertake drilling of two firm wells, with options for two more wells.
- Valaris 104 Reaches Indonesia for Conversion to MOPU
Jackup Valaris 104 (400′-IC) has arrived at the PaxOcean shipyard on Batam Island, Indonesia, where it will be converted into a mobile offshore production unit (MOPU) for the Mako gas development in the Natuna Sea. According to Conrad Asia Energy, parent company of project operator West Natuna Exploration Ltd. (WNEL), the rig successfully transited the Strait of Hormuz in September before reaching Indonesia. The conversion programme marks a key step in the development of the Mako field, which is targeting first gas in the fourth quarter of 2027.
- Stena Forth Moving to Las Palmas Ahead of Namibian Drill
Chevron has completed drilling at its Nargis-2A well offshore Egypt using ultra deepwater drillship Stena Forth (10,000′) which is now moving to Las Palmas, Canary Islands, ahead of a new contract offshore Namibia. The unit’s next campaign will also be with Chevron offshore Namibia, for the drilling of the Nabba-1X exploration well in PEL 90 (Block 2813B) in the Orange Basin. It is understood that the rig may soon be confirmed for further operations in West Africa, commencing after this Namibian campaign.
What are the latest wind farm developments?
- Seaway7 Selected for Berwick Bank B EPCI Scope
Seaway7 has been named preferred supplier for the Engineering, Procurement, Construction and Installation (EPCI) scope at the Berwick Bank B wind farm, located offshore Scotland, UK. Subject to final contract award, Seaway7 will design, supply and install around the turbine foundations and infield cables for the 1,380 MW offshore wind project. The work is expected to support 465 UK jobs, including 400 in Scotland.
- Turbine Installation Completed at Hai Long Wind Farms
Installation of all wind turbines has been completed at the Hai Long wind farms, located offshore Taiwan, with all 73 units now generating electricity. The development has reached a key construction milestone, reducing remaining delivery risk and advancing the project towards full completion. The project developer has stated that construction expenditure remains in line with original forecasts, while final permitting approvals are expected in 1H 2027.
What are recent supply vessel announcements?
- Havila Borg Contract Extended with Peterson Den Helder
Havila Shipping has secured a further contract extension for the Platform Supply Vessel (PSV) Havila Borg with offshore logistics provider Peterson Den Helder. The new agreement keeps the 2009-built vessel under charter until 1 September 2027. Havila Borg has been working for Peterson Den Helder since 2022, with the latest extension continuing a long-term employment arrangement between the parties.
- Breeze Ship Design Secures PSV Design Contract for Six-Vessel Programme
Union Vega Offshore has ordered two Platform Supply Vessels (PSVs) based on Breeze Ship Design’s Z 4409 design, with options for a further four units. The 84 m vessels will be constructed at Fujian Mawei Shipyard in China, with the first delivery scheduled for 2028. The 900 sq. m deck vessels will feature battery-hybrid propulsion, a moonpool and accommodation for up to 44 personnel. They will also be prepared for the future installation of a 50-tonne Active Heave Compensated (AHC) crane. Designed for platform supply, light construction, and geophysical and seismic support operations, the vessels are intended to offer enhanced flexibility across multiple offshore market segments.
- Eidesvik Extends Viking Avant Charter with Equinor
Eidesvik Offshore has secured a contract extension from Equinor for the PSV Viking Avant, extending the vessel’s firm employment through to the end of 2027. The agreement commences immediately after the current charter and includes options for further extensions. The 5,700 dwt PSV has been supporting Equinor since its delivery in 2004, meaning the latest award will take the vessel into its 23rd year of continuous service with the operator.
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