Malaysia’s oil and gas services firm Velesto has secured a five-year drilling contract from Petronas for its NAGA 2 jack-up rig.Under the contract, NAGA 2 will undertake drilling activities beginning in February 2026 for a firm period of five years…
Arabian Drilling has reactivated two rigs that were recalled in the fourth quarter of 2025 and launched its first international offshore contract within the Gulf Cooperation Council region-based company.The Saudi Arabia-based contractor said…
Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.Saudi Arabia shut its biggest domestic oil refinery after a drone strike…
Norway's Equinor EQNR.OL and its partners have discovered oil near the Snorre field in the North Sea and plan a 'rapid and cost effective' development of the new reserves, the state-controlled operator said on Monday.Preliminary estimates put the size of the discovery…
Halliburton has launched the RangeStar Geothermal Well Spacing and Intercept Service, a magnetic ranging solution designed to improve speed, accuracy and automation in geothermal well development.The new service, part of Halliburton’s RangeStar magnetic ranging portfolio…
Odfjell Technology has agreed to acquire a 70% ownership stake in Kaseum Holdings and Razor Oiltools, two companies focused on lightweight intervention and plug and abandonment (P&A) services.The acquisition is aimed at strengthening Odfjell Technology’s position in technology-led…
Tronics, a TDK group company, has expanded its 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 AXO315®T1 MEMS accelerometer…
Malaysia’s oil and gas services Velesto has secured a drilling contract worth approximately $16.5 million from Jadestone Energy for operations at the East Belumut field offshore Malaysia.The contract, awarded to Velesto’s wholly owned subsidiary Velesto Drilling…
Saipem has released its preliminary results for the fourth quarter and financial year 2025, confirming, for the fourth consecutive year, the trajectory of growth and improvement in profitability together with a further acceleration in cash generation…
Africa-focused oil and gas company Vaalco Energy has achieved ‘solid initial results’ from its Gabon drilling campaign and confirmed its operatorship of the Kossipo field offshore Côte d’Ivoire, as it advances plans to grow production in both countries…
Saipem has introduced an artificial intelligence (AI)-based predictive maintenance system onboard its ultra-deepwater drillship Saipem 12000, aiming to improve operational efficiency and offshore safety.The system uses real-time data and artificial…
Shell has launched a multi-well offshore drilling campaign in Egypt’s Mediterranean waters using Stena Drilling’s Stena IceMax drillship, marking the start of a new development phase at the West Mena gas field.Egypt’s Minister of Petroleum and Mineral Resources…
Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading vessel (FPSO) Prof. John Evans Atta Mills for $205 million, as Ghana ratified extensions to key petroleum agreements covering the Jubilee and TEN fields…
The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Lease Sale Big Beautiful Gulf 3, or BBG3, is scheduled to take place on Aug…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has achieved first oil from the AK-2H well at the Sèmè Field Block 1 offshore Benin, as drilling complications and cost overruns prompt a strategic and financial review…
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