Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years. The FSO will be deployed at the Kumul Marine Terminal as part of the Kutubu Pipeline System and will support storage and offloading of liquid hydrocarbons…
Dolphin Drilling Offshore, a wholly owned subsidiary of Dolphin Drilling, and Sapura Drilling Asia, a wholly owned subsidiary of Vantris Energy, have entered into a marketing agreement for the semi-submersible drilling unit Blackford Dolphin…
Saipem has reached agreement on the main terms and conditions to acquire the seventh-generation drillship Deep Value Driller for $272.5 million.The Deep Value Driller is a high-specification ultra-deepwater drillship built in 2014, featuring GustoMSC P10000 design and able to accommodate 210 people…
MISC, through its joint venture Vietnam Offshore Floating Terminal (Ruby) (VOFT), has secured a contract for the Ruby II floating production, storage and offloading (FPSO) unit with Petrovietnam, extending the unit’s lease, operation and maintenance until the end of 2027…
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company…
Offshore drilling contractor Vantage Drilling has secured a contract with Oil and Natural Gas Corporation (ONGC) for its ultra-deepwater drillship Platinum Explorer for operations off India.The binding Notification of Award (NoA) from ONGC comes…
Offshore seismic services firm Shearwater Geoservices has secured a 3D seismic acquisition contract by Eni, covering the PSC TL SO 22-23 area in the Timor Sea.The project comprises approximately 1,500 square kilometers and is scheduled to commence late in the first quarter of 2026…
MODEC has signed a joint development agreement with Norway-based Eld Energy to advance an integrated solid oxide fuel cell and CO2 capture system for floating production, storage and offloading (FPSO) vessels, as the offshore industry looks to cut emissions from power generation…
Offshore drilling contractor Seadrill has secured multiple contract awards for its West Capella, West Elara and West Carina drilling rigs across Malaysia, Norway and Brazil.In Malaysia, the ultra-deepwater drillship West Capella secured a well-based contract with an undisclosed operator…
Fugro has extended its partnership with PTSC Geos and Subsea Services (PTSC G&S) to provide marine site characterization services in Vietnam, supporting rising demand from both the oil and gas sector and the country’s growing offshore wind industry…
French seismic firm Viridien has announced a new basin-scale reimaging program within the hydrocarbon-prolific Balingian-Luconia-Baram basins, in collaboration with Petronas, through Malaysia Petroleum Management.Viridien will leverage its imaging technologies to reimage 44…
Abu Dhabi National Oil Company (ADNOC) has taken a final investment decision on the SARB Deep Gas Development, a strategic offshore gas project within the Ghasha Concession, offshore United Arab Emirates.The project is expected to deliver up…
Vietnam’s PV Drilling has informed that its jack-up rig PV DRILLING IX arrived to Vietnam, after completing a two-month transport voyage from Europe, marking a key milestone ahead of its planned return to drilling operations in 2026.The rig reached Vung Tau on December 25…
Malaysia's Yinson Production has held a steel cutting ceremony for a floating storage and offloading (FSO) unit, bound for deployment at Block B gas field offshore Vietnam.The steel cutting ceremony, held on December 19, 2025, marked the construction start of the FSO Block B…
Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
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