Malaysia’s Velesto Energy has struck a deal to divest a 15-year-old jack-up rig for a total cash consideration of $63 million (equivalent to RM 258.4 million).
Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, are getting ready to begin drilling activities in the Black Sea off the coast of Bulgaria.
Equinor has received the Norwegian authorities’ blessing for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.
A 2019-built semi-submersible rig, owned by Northern Ocean, has now been acquired by Odfjell Drilling, which plans to rename this mobile offshore drilling unit (MODU) in 2026.
Oslo-listed oil and gas E&P player BW Energy has secured a project lease agreement with Minsheng Financial Leasing Co (MSFL) for an offshore unit, which is expected to be repurposed from a jack-up rig into a fully integrated drilling and production platform.
Valaris has landed a new rig deal with Shell, a UK-headquartered energy giant, which will enable one of its drillships to carry out drilling activities at an oil and gas development off the coast of Brazil.
UK-headquartered energy giant Shell has booked a semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling, for drilling activities off the coast of Namibia, Africa.
OMV Petrom, Romania-headquartered affiliate of Austria’s OMV, has provided insight into its drilling plans in the Romanian sector of the Black Sea, where several wells remain on the list to be drilled using a semi-submersible rig owned by Transocean.
Houston-based energy player Vaalco Energy has begun its 2025/2026 drilling program off the coast of Gabon with a jack-up rig owned by Borr Drilling, an offshore drilling player.
Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium has won a job with International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for another jack-up rig bound to
Switzerland-based offshore drilling contractor Transocean has landed a new multimillion-dollar assignment with an undisclosed oil and gas operator for one of its drillships off the coast of Australia.
Noble Corporation, a U.S.-based offshore drilling giant, is parting ways with six premium jack-up rigs, five of which are set to join the rig fleet of Bermuda-based offshore drilling contractor Borr Drilling. The remaining rig will find a new home amid Ocean Oilfield Drilling’s fleet.
As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping
Norway’s state-owned oil and gas giant Equinor has made two new discoveries of gas and condensate in the Sleipner area of the Norwegian sector of the North Sea, which it describes as its largest finds so far this year. The company claims that these discoveries can be developed for the European marke
