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11 August 2026

Offshore project sanctioning nearly doubles as operators ramp up spending

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Source reporting: Splash247

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Offshore project sanctioning nearly doubles as operators ramp up spending

Global offshore field development investments are forecast to reach $137bn in 2026 as operators double down on long-cycle projects. London-based energy market research firm Westwood stated that the floating production systems and subsea markets strengthened materially in the second quarter, signalling a clear acceleration in offshore award momentum heading into the second half of 2026, …

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