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 firm Ventura Offshore has secured contract extensions for two offshore units operating in Brazil, adding more than $600 million in backlog.The company said the SSV Victoria semi-submersible rig was awarded a 1,455-day extension of its current contract with Petrobras…
Rex International Holding, via its subsidiary Masirah Oil Limited, has announced that the drilling of three development wells at the Yumna field offshore Oman is now expected to begin in May 2026, later than previously planned.Masirah Oil, which operates Block 50 with a 100% interest…
Offshore drilling contractor Transocean has secured new rig contracts and extensions worth about $1 billion in backlog, while also retiring $358 million in senior secured notes as part of its deleveraging strategy.The company was awarded a 1…
OMV Petrom and its partners have completed drilling of the Krum-1 exploration well in the Han Asparuh Block offshore Bulgaria, but did not encounter significant gas volumes.The well, drilled to a depth of around 3,500 meters in the Black Sea…
Offshore drilling contractor Borr Drilling has secured new contract commitments and extensions for four of its premium jack-up rigs across Africa, the Americas, Europe and Southeast Asia.In West Africa, the Prospector 5 rig has received a binding…
Petrovietnam Drilling & Well Service Corporation (PV Drilling) has named and commissioned its multi-purpose jack-up rig PV DRILLING IX in Ho Chi Minh City, with operations expected to begin in April 2026.The rig, described by the company as a high-specification unit…
TotalEnergies has completed the merger of its U.K. upstream oil and gas business with NEO NEXT, creating a new company named NEO NEXT+ and taking a 47.5% stake in the combined entity.The deal establishes NEO NEXT+ as the largest independent oil and gas producer on the U…
Reach Subsea has secured two new contract call-offs from Equinor covering gas reservoir monitoring and subsea inspection, maintenance and repair (IMR) work on the Norwegian Continental Shelf.Both contracts will be carried out using the uncrewed surface vessel (USV) Reach Remote 1…
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…
Petrobras has identified the presence of oil in the pre-salt of the Campos Basin following drilling activities at the Marlim Sul Field offshore Brazil.The discovery was made at well 3-BRSA-1397-RJS, located about 113 km offshore in water depths of 1…
Serica Energy has completed the acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure from TotalEnergies, strengthening its position in the West of Shetland basin.The deal, first announced in September 2025…
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, has delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana…
Saudi Arabia’s drilling contractor Arabian Drilling has informed that some of its offshore rigs in the Persian Gulf have been temporarily suspended as a precautionary measure amid ongoing regional tensions, while its land operations remain unaffected…
Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of its offshore rigs in the Gulf region temporarily suspended due to ongoing regional tensions…
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