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Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Jul 08, 2026

Eni Muara Bakau, a subsidiary of Eni-Petronas joint venture Searah, has extended a drilling job for Ventura Offshore’s SSV Catarina semi-submersible rig, operating offshore Indonesia.Eni Muara Bakau has exercised an option for a fourth well and a tophole in Indonesia for the the SSV Catarina, adding about $25.1 million to the company's firm backlog.The additional work is expected to keep the rig utilized into the fourth quarter of 2026…

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Jul 08, 2026

Premium jackup dayrates have improved from 2025 lows and are now holding within a higher range, but pricing remains uneven across fixtures and geographies. That is important, but dayrates are only the starting point. On their own, they say very…

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Jul 08, 2026

Dolphin Drilling has secured a further extension for its deepwater-capable semi-submersible rig Blackford Dolphin with Oil India, keeping the rig on contract until at least August 28, 2026.The extension will allow completion of drilling, testing…

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

Jun 30, 2026

Sunda Energy has started evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste following discussions with regulators and its joint venture partner, while separately advancing its acquisition of a New Zealand production business…

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

Jun 25, 2026

India's Oil and Natural Gas Corporation (ONGC), supported by energy and marine consultancy ABL, has completed the relocation of 44 jack-up rigs ahead of the monsoon season.The pre-monsoon rig moves were carried out between March 15 and May 31…

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Jun 25, 2026

ADNOC Drilling has delivered and received acceptance for AD-300, its first AI-enabled, fully automated walking island rig, nearly three months ahead of schedule.AD-300 is the first of six next-generation island rigs being deployed under a $1…

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

Jun 02, 2026

Workers began a limited strike on Tuesday at Inpex's Ichthys liquefied natural gas facilities in Australia over a wage dispute, and their unions threatened much broader action next week that could disrupt LNG production and loadings.Ichthys accounts for about 10% of LNG supply from Australia…

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…

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…

Iran War Reshapes Global LNG Trade

Apr 01, 2026

The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia…

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…

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Mar 26, 2026

Saudi Arabia’s drilling contractor Arabian Drilling has informed that some of its offshore rigs in the Persian Gulf have been temporarily suspended as a precautionary measure amid ongoing regional tensions, while its land operations remain unaffected…

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

Mar 09, 2026

A modular cable management system, designed by German-based supplier igus, has been implemented by offshore driller Seadrill to reduce downtime, cut maintenance costs and improve operational reliability on its drillships by replacing traditional…

Arabian Drilling Reactivates Fleet as GCC Offshore Contract Starts

Mar 03, 2026

Arabian Drilling has reactivated two rigs that were recalled in the fourth quarter of 2025 and launched its first international offshore contract within the Gulf Cooperation Council region-based company.The Saudi Arabia-based contractor said…

Oil Up 8% as Middle Eastern War Rages

Mar 02, 2026

Oil surged 9% on Monday after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by Israel and the United States that killed Iranian Supreme Leader Ali Khamenei.A sustained jump in prices would threaten a global economic recovery…

Current News

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

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