Offshore drilling contractor Stena Drilling has secured a contract by Energean for an exploratory drilling campaign offshore Greece.This campaign, which is expected to start in early 2027, is for one firm well offshore Greece, in Block 2 located at the Northwestern Ionian Sea…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent for a contract for the Borgland Dolphin semi-submersible drilling rig.The potential contract is expected to have a value of approximately $230 million and is scheduled to begin in the second half of 2027…
Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current…
U.S. oil major ExxonMobil, Energean and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, Greece's energy ministry said on Tuesday.ExxonMobil, Energean and…
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…
Offshore drilling contractor Borr Drilling has informed that several of its rigs in the Middle East are returning to operations following recent disruptions, as the company secures a new contract in Southeast Asia.The company said the Arabia…
TotalEnergies has made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure.The well encountered a hydrocarbon column of approximately 160 meters in good-quality Albian reservoirs…
Turkey's deep-sea drilling vessel Cagri Bey arrived off the coast of Mogadishu on Friday to launch the country's first overseas deep-sea oil exploration project.Turkey's Energy Minister Alparslan Bayraktar said the project marked 'a new era in Turkish petroleum exploration…
Libya's state-run National Oil Corporation (NOC) and Eni have made a new gas discovery in Area D, in the offshore area west of Libya.The discovery follows the successful drilling of the 1-16/4 exploratory well in Contract Area 4/16, operated by Eni North Africa…
Sunda Energy has signed a letter of intent (LoI) with Finder Energy to collaborate on securing a drilling rig for planned offshore campaigns in Timor-Leste.The agreement, signed between Sunda’s subsidiary SundaGas and Finder’s Timor-Leste unit…
Brazilian oil and gas firm PRIO has brought a third producing well online at its Wahoo field offshore Brazil, as it advances plans to ramp up output to 40,000 barrels per day by the end of April.The company said production from the third well has stabilized at around 10…
Dolphin Drilling, an Oslo-listed, Aberdeen headquartered offshore drilling contractor, has signed a letter of intent (LOI) for a potential new contract for its Paul B. Loyd Jr semi-submersible rig, which could keep the unit working through 2030…
Aker BP has started oil production from the Symra field in the North Sea nine months ahead of original schedule.The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area.Symra is located approximately…
Offshore drilling contractor Valaris has secured a multi-year contract extension with Petrobras offshore Brazil and entered into a strategic collaboration agreement with Petronas and Halliburton for offshore development in Suriname.The company said the drillship VALARIS DS-4 was awarded a 1…
Offshore drilling contractor Seadrill has secured a 1,095-day contract extension for the West Polaris drillship with Petrobras offshore Brazil, adding about $480 million to its backlog.The extension will see the ultra-deepwater drillship continue operations at the Búzios field in the Santos Basin…
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