Your daily briefing on offshore energy markets, project updates, and industry developments across the Asia-Pacific region.
BP Awards Subsea Contracts for Mad Dog 2
BP has awarded key subsea contracts for the Mad Dog 2 project in the Gulf of Mexico. TechnipFMC and Subsea 7 will provide subsea production systems and installation services respectively. The awards represent significant opportunities for subsea engineering specialists.
Malaysia's Petronas Eyes New Offshore Blocks
Petronas is evaluating bids for several new offshore exploration blocks in Malaysia's shallow waters. The move signals continued confidence in the region's upstream potential despite energy transition pressures. First contracts expected in Q3 2026.
Offshore Wind Taiwan: Copenhagen Infrastructure Partners Secures Financing
CIP has reached financial close on the 600MW Changfang and Xidao offshore wind projects in Taiwan. The $3.5 billion investment represents one of the largest offshore wind financings in Asia-Pacific this year. Construction will create demand for hundreds of marine specialists.
Saipem Wins SURF Contract in Guyana
Saipem has been awarded a substantial SURF contract by ExxonMobil for the Uaru field development offshore Guyana. The contract covers subsea umbilicals, risers, and flowlines installation. Mobilization is expected to begin in late 2026.
Market Watch: Offshore Day Rates Continue Upward Trend
Day rates for offshore construction vessels have increased 15% year-over-year, driven by tight supply and strong demand from decommissioning and offshore wind projects. Analysts expect the trend to continue through 2027.
Talent Insights:
Demand for subsea installation engineers and offshore construction managers remains elevated across all major APAC markets. Contact IntelliS Global for the latest salary benchmarks and talent availability.
IntelliS Global — The Subsea & Offshore Talent Firm