Borr Drilling Limited has announced its unaudited results for the three and six months ended June 30, highlighting a second quarter total operating revenues of $232.3 million, a decrease of $14.7 million or 6% compared to the first quarter of 2026…
ADNOC, in collaboration with SLB, has deployed its AI-enabled Real-Time Operations Center (RTOC) platform across its fleet of over 120 rigs, providing teams with a faster and more connected way to monitor, analyze and manage drilling operations across its onshore and offshore assets…
ADNOC, in collaboration with SLB, has deployed an artificial intelligence (AI)-enabled Real-Time Operations Center (RTOC) platform across its fleet of more than 120 drilling rigs, aiming to improve drilling performance, reduce engineering effort…
Valaris has completed a two-well workover and completion campaign for BP offshore Trinidad, with its VALARIS 249 jack-up rig finishing the program nearly 17 days ahead of schedule.The company credited the performance of the VALARIS 249 crew for delivering the campaign safely…
Offshore drilling contractor Odfjell Drilling has returned to service its Deepsea Atlantic rig semi-submersible rig following an equipment handling incident in April that left the unit off hire for 106 days.The company said the rig resumed operations…
BC Ventures, a 50/50 joint venture between Borr Drilling and its long-term well construction partner in Mexico, has completed the previously announced acquisition of five premium jack-up drilling rigs from Fontis Finance for $287 million, expanding…
Keppel has launched a program to monetize up to 10 legacy offshore drilling rigs through a newly established Keppel Offshore Fund (KOF), in a transaction valued at approximately $2.86 billion (S$3.7 billion) that will expand its funds under management and generate proceeds from non-core assets…
Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East…
Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday.The deal will help Keppel monetise its non-core assets and unlock capital for re-investment…
Velesto Energy has secured a contract worth approximately $51 million from Hess Exploration and Production Malaysia, a wholly owned subsidiary of Chevron, to provide integrated rig, drilling and completion services for the North Malay Basin Full Field Development Campaign…
Croatian oil and gas company INA, part of MOL Group, has completed the Ana-4 DIR gas well in the northern Adriatic Sea, the first of five new wells planned under a $74 million (€65 million) drilling program aimed at expanding gas production offshore Croatia…
Malaysia-based offshore drilling contractor Velesto Energy has mutually agreed with PC Ketapang II, PC North Madura II and PETRONAS North Ketapang to terminate, without cause, a contract for the NAGA 8 jack-up drilling rig offshore Indonesia…
Odfjell Drilling has received confirmation from Aker BP that the firm contract for the Deepsea Nordkapp semi-submersible rig has been extended by one year.The extension increases the rig's firm backlog through the end of 2028, after which Aker BP retains further extension options…
Saudi Arabian oil and gas drilling contractor ADES Holding has secured two offshore drilling contracts in Nigeria and the U.K. North Sea, worth $229 million combined, strengthening its backlog and jack-up fleet utilization.The larger of the…
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