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Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Jun 05, 2026

Conrad Asia Energy, via its subsidiary West Natuna Exploration Limited (WNEL), has signed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI–ADES Consortium for the provision of a jack-up drilling rig to support development of the Mako gas field offshore Indonesia.WNEL is the operator of the Duyung Production Sharing Contract (PSC) in the Natuna Sea.The contract covers…

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Jun 04, 2026

Masirah Oil has announced that the start date for a planned three-well development drilling program at the offshore Yumna field in Oman's Block 50 will be updated at a later date.The company did not provide a revised timeline for the campaign…

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Jun 04, 2026

Malaysia’s oil and gas services firm Velesto Energy has secured a contract from Northern Gulf Petroleum (NGP) for the provision of jack-up drilling rig services offshore Thailand.The contract was awarded to Velesto's wholly owned subsidiary…

Velesto Secures Malaysia Drilling Deal with Hibiscus

May 18, 2026

Malaysia’s oil and gas services firm Velesto Energy, through its subsidiary Velesto Drilling, has secured a contract from Hibiscus Oil & Gas Malaysia for a 2026 offshore drilling campaign in Malaysia.The company said the award marks its first…

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

May 14, 2026

Vietnam’s PV Drilling has signed a contract with Russia's Zarubezhneft EP Vietnam to provide jack-up drilling unit services for its 2026 development drilling campaign in Block 12/11 offshore Vietnam.Under the agreement, a jack-up rig will be…

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

May 11, 2026

ADNOC Drilling has reported its strongest-ever first-quarter performance, supported by high fleet utilization, growth in integrated drilling services and long-term contract coverage across its operations.The UAE-based drilling contractor posted first-quarter revenue of $1…

Vessel Sector Deep Dive: WTIVs

May 01, 2026

The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused…

Middle East Conflict Jolts Offshore Drilling Market

Apr 22, 2026

Conflict between Iran, the United States, Israel and allies throughout the Gulf region has had an immediate effect on the oil and gas industry, both upstream and downstream. Drone and missile attacks have damaged refineries and as of mid-April 2026…

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Apr 22, 2026

Canada-based oil and gas company Valeura Energy has signed an agreement with Shelf Drilling to chart the Shelf Drilling Enterprise jack-up rig for a three-year term through the end of 2029.The rig, owned by Shelf Drilling (Southeast Asia), a subsidiary of ADES Holding Company…

Metropolitan CCS Cleared to Drill CO2 Storage Wells off Japan

Apr 16, 2026

The Metropolitan CCS joint venture, which includes INPEX and Kanto Natural Gas Development, has received approval to conduct offshore drilling for carbon capture and storage (CCS) off Japan’s Chiba Prefecture.The Metropolitan CCS joint venture…

Borr Drilling Expects Higher Activity as Rigs Return to Work

Apr 13, 2026

Offshore drilling contractor Borr Drilling has informed that several of its rigs in the Middle East are returning to operations following recent disruptions, as the company secures a new contract in Southeast Asia.The company said the Arabia…

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Mar 31, 2026

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…

Velesto Inks Five-Year Drilling Deal for Jack-Up Rig with Petronas

Mar 03, 2026

Malaysia’s oil and gas services firm Velesto has secured a five-year drilling contract from Petronas for its NAGA 2 jack-up rig.Under the contract, NAGA 2 will undertake drilling activities beginning in February 2026 for a firm period of five years…

Velesto Lands Jack-Up Drilling Deal with Jadestone off Malaysia

Feb 25, 2026

Malaysia’s oil and gas services Velesto has secured a drilling contract worth approximately $16.5 million from Jadestone Energy for operations at the East Belumut field offshore Malaysia.The contract, awarded to Velesto’s wholly owned subsidiary Velesto Drilling…

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Feb 10, 2026

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…

Current News

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Petronas Signs Offshore Oil Recovery Collaboration Deal

Petronas Signs Offshore Oil Recovery Collaboration Deal

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

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