Bruce Beaubouef

CIMC Raffles has completed the hull of Petrobras FPSO P-84 at its Yantai yard, a milestone in one of Brazil’s largest new floating production units and in Petrobras’s push toward lower-emission offshore plants. The hull was finished on September 3, 2026. Chinese state media described the vessel as the first large FPSO built around an all-electric architecture, and the largest FPSO hull project yet undertaken by a Chinese yard.

EnQuest PLC is interested in acquiring bp’s UK North Sea oil and gas business, chief executive Amjad Bseisu told CNBC on September 3, 2026. Asked directly whether the company wanted the assets, Bseisu replied “yes,” adding that only a handful of companies remain that would be in a position to take them on. He said there is still a “tremendous opportunity” in the UK oil and gas sector. bp launched a formal marketing process for the portfolio on 31 July 2026.

TotalEnergies said Monday that it has cleared the last major commercial hurdles on the Papua LNG project and is now positioning the long-delayed project for a final investment decision, after cutting nearly $4 billion from the budget and transferring operatorship to ExxonMobil. The French major said EPC tendering is complete, with award recommendations ready for co-venturer approval.