Offshore drilling contractor Noble Corporation has completed the sale of five jack-up drilling rigs to Borr Drilling for $360 million.Under the transaction, Noble generated approximately $210 million in cash and received $150 million in seller notes from the sale of the Noble Tom Prosser, Noble Mick O’Brien, Noble Regina Allen, Noble Resilient and Noble Resolute rigs.Noble plans to continue operating…
Equinor and Eneco have signed a five-year agreement for the supply of natural gas to the Netherlands, with deliveries of up to 0.5 billion cubic meters (bcm) per year.Under the agreement, gas deliveries to the Dutch gas grid began on February 1 this year…
Romanian OMV Petrom, majority-controlled by Austria's OMV, is gearing up to sign more contracts to supply clients with gas from its offshore Black Sea project as it nears completion in 2027, board member Franck Neel said on Wednesday, adding the company will not disclose all of them…
RWE and Amazon have signed a power purchase agreement (PPA) covering 110 MW of electricity from RWE’s Nordseecluster B offshore wind project in the German North Sea.The agreement builds on a strategic framework agreement signed by the two companies in June 2025…
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production…
Brazilian state-run oil firm Petrobras said on Wednesday its estimated proven reserves of oil, condensate and natural gas rose to 12.1 billion barrels of oil equivalent (boe) in 2025, from 11.4 billion in 2024.In a securities filing, the company…
ExxonMobil Guyana has deployed Sentinel Proactive to enhance marine safety and environmental protection around its subsea pipeline, providing real-time visibility along the pipeline corridor, particularly in shallow coastal waters where anchoring risk is highest…
Germany’s RWE and Nordic renewables company Aneo have signed a transaction agreement for the sale of RWE’s Swedish wind activities, including its operational Karehamn offshore wind farm, as the utility refocuses on markets offering large-scale renewable growth…
Paradigm Drilling Services has appointed Wes Heiskell as Well Construction & Intervention Director – North America.Based in Paradigm’s Houston office, Heiskell brings almost 40 years of experience, with a distinguished career spanning operations…
TDK Corporation has expanded Tronics’ high-performance MEMS inertial sensor portfolio with the launch of the AXO315®T1, a high-temperature digital accelerometer designed for energy sector drilling applications.The AXO315T1 MEMS accelerometer…
ADNOC Gas has signed a long-term liquefied natural gas (LNG) supply agreement worth between $2.5 billion and $3 billion with India’s Hindustan Petroleum Corporation Limited (HPCL).The 10-year sales and purchase agreement covers the supply of 0…
Subsea technology and services company SMD has completed site acceptance testing of its electric work-class remotely operated vehicle (ROV), marking a milestone in the development of fully electric subsea systems.Testing of the SMD Quantum EV was completed at the DEEP Campus near Bristol…
Equinor and its partner ORLEN have discovered gas and condensate in an exploration well drilled in the North Sea.The find was made in the Sissel prospect in production license 1137, operated by Equinor with 50% working interest, while its partner ORLEN holds the remaining 50%…
ARO Drilling, a joint venture between Valaris and Aramco, has signed a multi-year contract with ALTAVE to deploy artificial intelligence (AI)-based video monitoring solution across its fleet of nine offshore jack-up rigs operating in Saudi Arabia…
Saipem has launched a new Drilling Training Centre featuring a full-scale simulator designed to provide immersive, hands-on training for drilling personnel.The center is accredited by the International Well Control Forum, a global body for well control competency certification…
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