Global Energy Firms Secure Offshore Contracts, Add Gas Capacity

TechnipFMC has secured a large contract to deliver new projects for Var Energi, according to Rigzone. The direct award follows a five-year collaboration agreement signed in 2025 to deliver subsea projects using an integrated model.

Separately, German energy company Uniper has signed its first offshore wind power purchase agreement, Rigzone reported. The company agreed to buy 100 megawatts from the future Gennaker offshore wind farm in the Baltic Sea for an extendable 10-year term.

In North Africa, Italy's Eni and Libya's National Oil Corporation (NOC) have started up a gas compression project, according to Rigzone. The project improves natural gas recovery in the offshore Bahr Essalam field in the Mediterranean.

These international developments highlight ongoing investment in both traditional and renewable energy infrastructure globally. For Bakken operators and service companies, such contracts demonstrate the continued flow of capital into major energy projects worldwide, which can influence overall service sector capacity and global commodity price sentiment.

While these projects are not directly located in the Williston Basin, they reflect broader industry trends. The focus on subsea technology and accelerating project development mirrors the continuous drive for efficiency in shale plays like the Bakken. Similarly, major energy firms diversifying into power purchase agreements for renewables is part of a wider energy transition narrative that also touches integrated companies operating in North Dakota.

The addition of natural gas production capacity in Libya contributes to global supply dynamics. Bakken crude prices are influenced by global oil and gas markets, where changes in production from other major basins and regions can affect the competitive landscape.