Premium jackup dayrates have improved from 2025 lows and are now holding within a higher range, but pricing remains uneven across fixtures and geographies. That is important, but dayrates are only the starting point. On their own, they say very…
Eni Muara Bakau, a subsidiary of Eni-Petronas joint venture Searah, has extended a drilling job for Ventura Offshore’s SSV Catarina semi-submersible rig, operating offshore Indonesia.Eni Muara Bakau has exercised an option for a fourth well and a tophole in Indonesia for the the SSV Catarina…
Dolphin Drilling has secured a further extension for its deepwater-capable semi-submersible rig Blackford Dolphin with Oil India, keeping the rig on contract until at least August 28, 2026.The extension will allow completion of drilling, testing…
Norway's Equinor has awarded contracts worth around $610 million (NOK 6 billion) on behalf of partners for four subsea projects on the Norwegian continental shelf, as part of a drive to accelerate developments and reduce costs.The awards cover the TWIN…
Kosmos Energy has brought online a new well at the Jubilee field offshore Ghana, which is now delivering at strong initial rates and helping lift field production as the company advances its 2026 drilling campaign.The J76 well, the third well of the 2026 campaign…
Deepsea Mira drilling rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling, has completed a drilling contract with Shell offshore Namibia, and is demobilizing to Walvis Bay for planned upgrades and modifications ahead of future operations…
Norway's unions representing workers on drilling rigs and floating production platforms reached a wage deal on Thursday evening, ahead of a midnight deadline to avert a strike, labour unions and the employers' association said.The unions had…
Offshore drilling contractor Transocean has signed a conditional agreement with Equinor for the use of three harsh-environment semi-submersible rigs on the Norwegian continental shelf, adding more than $1 billion to its contract backlog.The agreement…
Sable Offshore Corp. announced plans to raise up to $400 million through concurrent public offerings of common stock and convertible senior notes as the offshore energy company moves to refinance existing debt and strengthen its balance sheet…
QatarEnergy, ExxonMobil and the Government of Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10 offshore Cyprus, marking a step forward in the development of the country's offshore gas resources…
Rhino Resources has confirmed the presence of an oil-bearing reservoir in pressure communication with the Capricornus-1X discovery through an appraisal well offshore Namibia, advancing the development of the Capricornus accumulation in the Orange Basin…
Sunda Energy has started evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste following discussions with regulators and its joint venture partner, while separately advancing its acquisition of a New Zealand production business…
Vår Energi and Equinor have agreed to swap assets on the Norwegian continental shelf, with Vår Energi increasing its exposure around the Gjøa area and Equinor strengthening its position in the Troll-Fram region.Under the agreement, Vår Energi will acquire a 32…
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 30/8-7 S in production license 190. Equinor is the operator of the license with 50% stake, while its…