Malaysia's Velesto Energy has secured a contract from Petronas Carigali for its NAGA 3 jack-up drilling rig, covering one firm well and an option for a second well.The contract was awarded through Velesto's wholly-owned subsidiary, Velesto Drilling, with operations having commenced in November 2026.Velesto expects the contract to contribute positively to its earnings and net assets over its duration…
Often overshadowed by the towering jackup and ultra-deepwater floating rig fleets that dominate offshore headlines, tender-assist rigs are enjoying a resurgence in Southeast Asia. While they represent a relatively small niche of the global offshore drilling market…
Dutch-based Jack-Up Barge, backed by the Van Es Group, has expanded its fleet with the three-legged accommodation and services jack-up unit JB 121, following a naming ceremony in Dalian, China.The ceremony took place on November 3 at Dalian Shipbuilding Offshore…
Offshore drilling contractor Valaris has secured approximately $600 million in new contracts and extensions since its previous fleet status report in August 2026, increasing its total contracted backlog to around $4.8 billion.The latest awards cover drillships…
Offshore well decommissioning specialist Well-Safe Solutions has completed a plug and abandonment (P&A) campaign involving three subsea wells using its Well-Safe Defender semi-submersible rig, with operations carried out West of Shetland and in the northern North Sea…
Vår Energi and its partners have drilled a dry exploration well at the Jotun Deep prospect in the North Sea offshore Norway.Wildcat well 25/8-24 S was drilled in production license 1203, approximately 20 kilometers northwest of the Ringhorne installation and 190 kilometers west of Stavanger…
ADES Holding has secured a one-year contract extension for the Shelf Drilling Tenacious jack-up rig offshore Angola and a new drilling contract for the Shelf Drilling Perseverance in Indonesia, adding to its offshore drilling backlog across Africa and Southeast Asia…
Aker BP and its partner Equinor have drilled a dry appraisal well at the Freke oil and gas discovery in the North Sea offshore Norway, failing to prove additional hydrocarbon volumes.The appraisal well, 15/6-18 S, was drilled in production license 1139…
Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind (CVOW) project has reached approximately 85% overall completion, with 44 of its planned 176 wind turbines installed and work on the 45th underway.The latest milestone marks an increase from 81% overall completion reported at the end of July…
Odfjell Drilling has secured an agreement to manage Beacon Pacific semi-submersible rig for a six-well drilling campaign with Serica Energy offshore UK, scheduled to begin in the third quarter of 2027.Serica Energy has signed the drilling contract with rig owner Beacon Pacific Offshore…
Borr Drilling has confirmed the recovery of a fourth body following the sinking of its Prospector 5 jack-up rig offshore Gabon, with search operations continuing for one person still missing.The company said on November 2 that the body of a…
Offshore drilling contractor Noble Corporation has secured approximately $560 million in new rig contracts across Africa, South America and Norway since its July fleet status report, bringing its contracted backlog to $6.7 billion.The awards span six drilling rigs and include exploration…
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…
TotalEnergies has acquired a 25% working interest in 26 Chevron-operated exploration leases offshore the United States, expanding its offshore exploration portfolio and strengthening its partnership with Chevron.As part of the transaction, Chevron…
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…
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