Industry News

PETRONAS made a hydrocarbon discovery at the Barokah-1 exploration well in the North Ketapang Production Sharing Contract (PSC) area offshore East Java, Indonesia.The Barokah-1 well was spudded on 30 November 2025 and drilled to a true vertical depth subsea of 3,315.3 m. The discovery marks the first hydrocarbon find within the North Ketapang PSC.Further studies […]

Seplat Energy plans to drill 17 new wells in 2026 as part of its development and production program, according to the company’s 2025 annual report.The program will include 15 onshore wells and two offshore wells. The drilling campaign forms part of the company’s operational plans to support production growth.Seplat reported that its 2026 business strategy

New Zealand Energy Corp reported initial production from the Ngaere-1 well following perforation of the Mount Messenger Formation in onshore Taranaki, New Zealand.The well flowed oil and gas immediately after perforation, producing about 580 bbl of oil during the first six hours of operation and approximately 3,000 bbl to date. Production is currently stabilizing at

SFL Corp signed a drilling contract in Canada with a multinational oil and gas company for the harsh environment semisubmersible rig Hercules. The estimated contract value is approximately $170 million for the minimum term of 400 days.The contract is expected to begin in Q1 2027. The rig is currently in Norway and will be prepared

Odfjell Technology entered into agreements to acquire a 70% ownership interest in two service companies that support lightweight intervention and plug and abandonment (P&A) operations.Under the terms of the agreements, Odfjell Technology will take majority stakes in Kaseum Holdings and Razor Oiltools, both of which bring specialist equipment and personnel focused on subsea intervention and

Azule Energy and the National Agency for Petroleum, Gas and Biofuels (ANPG) started up the Ndungu full field in the Agogo Integrated West Hub Project on Block 15/06 offshore Angola.The Ndungu full field comprises seven production wells and four injection wells located about 10 km from the existing Ngoma FPSO in water depths near 1,100

Murphy Oil Corporation completed drilling of the Caracal-1X exploration well in Block CI-102 offshore Côte d’Ivoire, with the well subsequently plugged and abandoned as a dry hole after encountering hydrocarbon shows.Caracal-1X reached a total depth of 8,534 ft. Murphy said results from the well will be used to inform ongoing evaluation of remaining prospectivity across

Borr Drilling Limited reported a series of recent contract extensions and new assignments for several of its jackup drilling rigs.The Ran jackup secured a contract extension running from January 2026 through March 2026 with Eni offshore Mexico.The Odin jackup is reported as contracted from July 2026 to November 2026 with an undisclosed customer in the

Weatherford’s AMP all-electric intelligent completion system and MARS mature asset rejuvenation by surveillance system were recognized with a Spotlight on New Technology Award at Offshore Technology Conference Asia (OTC Asia) 2026.The AMP system has integrated digital capabilities and electrically isolated valves that operate multiple zones through a single control line, delivering precise, real-time responsiveness that

PETRONAS subsidiary PC Oman Ventures (PCOVL) signed a concession agreement with the Government of the Sultanate of Oman and OQ Exploration (OQEP) and Production Batinah Offshore to explore oil and gas in Block 18.Block 18 is an offshore exploration area in northeast Oman covering more than 21,000 sq km and includes geological settings ranging from

Harbour Energy completed the acquisition of LLOG Exploration Company, establishing Harbour’s entry into the US Gulf as a new core business unit alongside its existing operations in Norway, the UK, Argentina and Mexico.Through LLOG, Harbour gains a fully operated, oil-weighted portfolio and an experienced team in one of the world’s most active offshore basins. LLOG’s

Superior Energy Services completed the acquisition of Abaco Energy Technologies, expanding its portfolio of well construction and intervention technology offerings.The transaction brings Abaco’s engineered drilling and completion solutions into Superior’s operations platform, strengthening the company’s ability to support offshore and onshore well delivery programs. Superior said the acquisition aligns with its strategy of building integrated