Petrobras has identified another oil-bearing interval in the Morpho well in ultra-deep waters off Brazil's Amapá coast, marking the third oil discovery in block FZA-M-59.The latest discovery was confirmed following continued evaluation of other intervals of interest after previous discoveries announced in August and early October 2026.The Morpho well is located in water depths of 2,886 meters, with drilling and geological data acquisition now completed…
Petroleum Marine Services (PMS) has completed the installation of two offshore production platforms at the Kamose gas field in Egypt's North Sinai area, marking another milestone in the fourth phase of the field's development project.The Hoor-1/2 and KSE-1 platforms…
Three bodies have been located inside the wreck of Borr Drilling's Prospector 5 jack-up rig, which sank offshore Gabon on October 24, with search and rescue operations continuing for two people still missing.The bodies were discovered during…
A new appraisal well at the Afrodite gas discovery near the Kvitebjørn field in the North Sea has revealed that recoverable gas volumes could be more than twice as large as previously estimated, with recoverable gas and condensate resources…
GE Vernova Inc. announced that it will acquire Trench Group, a provider of high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities…
Baker Hughes reported a fall in third-quarter profit on Tuesday, as prolonged conflict in the Middle East hit demand for services and equipment in the key oil-producing region.Repeated flare-ups in the Middle East conflict, now in its eighth month…
French oil company Maurel & Prom (M&P) has confirmed a natural gas discovery in Tanzania's Mnazi Bay license, with preliminary estimates indicating approximately 200 billion cubic feet (bcf) of gas in a reservoir reached by drilling from onshore to a target 4…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 33/9-F-4 DH in production license 1214.Equinor operated the license with 17% working interest, along with partners Petoro with 30% stake…
Dolphin Drilling has agreed to sell its Blackford Dolphin semi-submersible drilling rig to SPM Energy Shipping for up to $25 million and entered into a preliminary agreement for the management of future drilling contracts involving the rig and at least one additional semi-submersible unit…
Energy Drilling, a wholly owned subsidiary of SED Energy Holdings, has received a letter of award from Carigali-PTTEPI Operating Company (CPOC) for a 30-month offshore drilling campaign in Malaysia, with an estimated firm contract value of $87 million…
Aquaterra Energy, a provider of intelligently engineered products and services for well access and offshore developments, has completed the first phase of a fast-track offshore platform project in Nigeria for Emadeb Energy, an indigenous Nigerian oil and gas company…
The Chouest Group and the founders of Horizon Maritime Services have announced a strategic partnership that includes the acquisition of the Canadian offshore and marine services company from CFFI and its lender, HPS.The transaction expands the Louisiana-based Chouest Group's presence in Canada…
Singapore's Seatrium has secured an agreement with Keppel's subsidiary RigCo to complete construction work on four offshore drilling rigs under an existing master services arrangement, with the total estimated contract value exceeding $390 million (S$500 million)…
Chevron's Nargis-2 appraisal well offshore Egypt has confirmed the extension of previously discovered gas-bearing formations and encountered an additional gas-bearing layer, supporting further evaluation of the undeveloped Nargis gas discovery in the Mediterranean Sea…
Vietnam's PV Drilling has secured a contract from Idemitsu Gas Production (Vietnam) to supply a jack-up drilling rig for an offshore exploration and appraisal campaign in the Nam Con Son Basin in 2027.Under the agreement, signed on October 16…
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