Petrobras Amazon Basin Find Opens Brazil's Last Offshore Frontier
Petrobras has logged hydrocarbons in the Foz do Amazonas Basin, opening Brazil's Equatorial Margin frontier while raising questions over spill response in strong currents.
Equinor, Aker BP and Var Energi Form NCS Exploration Alliance
Norway's three largest shelf operators will pool data, technology and exploration capacity to test 20 to 25 high-impact prospects on the Norwegian Continental Shelf.
Velesto Second-Quarter Profit Falls to RM531,000 as Rig Rates Slide 16%
Velesto Energy's quarterly net profit collapsed to RM531,000 from RM50.44 million a year earlier as utilisation and day rates fell, though the order book stands at RM1.3 billion.
Drilling Contractor Adds Work For Three Rigs In Two Regions
An offshore drilling contractor has added roughly two hundred million dollars of work across three rigs, in the United States Gulf and in Malaysia, against a backlog that stood at about 2.9 billion dollars in the middle of August.
Noble lands $136m drillship contract offshore Brunei
Noble Corporation has won a drillship contract in Brunei worth around $136m, deploying the Noble Viking for a six-well programme from early 2028.
Washington moves to ease Arctic offshore drilling rules
The United States Department of the Interior has proposed a rule making what it calls targeted updates to the regulations governing exploratory oil and gas drilling on the Arctic Outer Continental Shelf.
Borr Drilling completes $287 million rig deal with Paratus unit
The acquisition of five premium jack-up rigs was carried out through a joint venture with Borr's well construction partner in Mexico.
Noble posts $37 million loss in second quarter on rig suspensions
Offshore driller Noble reported a $37 million net loss for the second quarter of 2026 after rig suspensions in Brazil and a Black Sea exit hit revenue.
Apollo invests $1.5 billion in Keppel-managed legacy rig fund
Apollo has agreed to invest $1.5 billion in a new Keppel-managed fund set up to hold up to ten legacy offshore drilling rigs.
Velesto wins a $51m North Malay Basin drilling contract
Malaysia's Velesto has won a $51m contract for integrated drilling services in the North Malay Basin, starting in August.
Eni books a Saipem drillship for a $260m Ivory Coast campaign
An Italian energy company has awarded a $260m drillship contract for a development off Ivory Coast.
Odfjell Drilling extends a North Sea rig contract with Aker BP into 2028
Odfjell Drilling has won a one-year extension for a harsh-environment semi-submersible working for Aker BP, into 2028.
Vantage Drilling exits Euronext Growth after Eldorado merger
Vantage Drilling has stopped trading on Euronext Growth after completing its business combination with Eldorado Drilling.
Arabian Drilling restarts three offshore rigs after precautionary halt
Arabian Drilling has been cleared to resume three offshore rigs that were suspended earlier in the year as a precaution against regional tensions.
Equinor hands Transocean $1bn Norwegian rig deal
Transocean has agreed to deploy three harsh-environment semisubmersible rigs for Equinor on the Norwegian shelf, adding over $1bn in backlog across seven rig years.
Eldorado finalises $257m acquisition of Vantage Drilling
Eldorado Drilling has completed its roughly $257m acquisition of offshore drilling contractor Vantage Drilling, combining their fleets into a five-rig platform spanning drillships and jackups.
ADES acquires Saipem's Saudi drilling business in $285m deal
Saudi driller ADES has agreed to acquire Saipem's Saudi subsidiary and its five jackup rigs for $285m, expanding its fleet to 88 units and entering the Mexican market.
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