Borr Drilling has agreed to sell its 51% stake in two Mexican joint ventures to its local partner, while retaining ownership of three jack-up rigs working for Pemex and continuing to participate in their underlying contracts through bareboat charters.The definitive agreements cover Borr's interests in Perforaciones Estratégicas e Integrales Mexicana and Perforaciones Estratégicas e Integrales Mexicana II…
Transocean has been awarded a two-well contract for its Deepwater Conqueror ultra-deepwater drillship in Equatorial Guinea, adding about $80 million to the offshore driller's backlog.The approximately 170-day campaign with an undisclosed operator is expected to begin in 2027…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/9-5 S in production license 1042, operated by Equinor with 30% working interest.Its partners are Aker BP with 40% share and Vår Energi with 30% working interest…
Aker BP has made a gas discovery in the North Sea, using Saipem’s Scarabeo 8 semi-submersible drilling rig.The discovery was made 25 kilometers north of the Duva field, marking the first exploration well in production license 1153, which was awarded in APA 2021…
Saipem has completed the sale of its Saudi Arabian shallow-water drilling business to ADES Saudi Limited Company, advancing its strategy to focus its offshore drilling portfolio on deepwater and harsh-environment operations.The transaction, first announced in June…
SED Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination that would create an energy services group with about $1.3 billion in contracted revenue backlog and an implied pro forma equity value of approximately $1 billion…
Odfjell Drilling has received a letter of award from Vår Energi for a three-year drilling campaign with the Deepsea Bergen rig starting in early 2028, with the firm backlog valued at about $518 million.The work will begin after completion of…
CM Energy has announced plans to introduce CM Zenith into the European offshore wind market from Q1 2028, following a targeted modification and upgrade program to meet international class, flag and operational requirements.CM Zenith, formerly…
General Hydrocarbons Limited (GHL) has approached Dolphin Drilling with a non-binding proposal combining a potential deployment of the Blackford Dolphin rig in Nigeria with a cash settlement of a portion of an approximately $105 million arbitration award…
UK-based oil and gas company Spirit Energy has completed a $55 million (£40 million) decommissioning campaign in the UK North Sea, plugging and abandoning three subsea wells and removing more than 234 tonnes of subsea infrastructure.The campaign…
An Alaska federal judge on Monday threw out a lawsuit by environmental groups challenging President Donald Trump’s move to allow offshore drilling along broad swaths of previously protected coastline.U.S. District Judge Sharon L. Gleason found the lawsuit by groups…
Saudi Arabian drilling contractor Arabian Drilling has signed a contract with Masirah Oil and Northern Offshore to drill two firm wells and two optional wells in Oman, marking the company's entry into a new Gulf Cooperation Council (GCC) market…
British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday.Shell had given…
Equinor and Aker BP have made a gas/condensate discovery in the North Sea, using COSL’s COSLInnovator semi-submersible drilling rig.The discovery was made in the ‘Linga’ prospect by drilling an exploration well 25/7-13 in production license 782 S…
Dolphin Drilling’s deepwater capable semisubmersible rig, Blackford Dolphin, will continue its drilling contract for Oil India Limited.The contract has been extended up to October 15, 2026, to enable completion of drilling, testing, and abandonment work at locations East of India…
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