Industry News

Ventura Offshore secured contract extensions with Petrobras for two rigs operating offshore Brazil.The semisubmersible SSV Victoria received a 1,455-day firm extension commencing in January 2027 in direct continuation of its current contract, during which it will be deployed to the Búzios field in the Santos Basin. The extension follows a docking period for a special […]

Brava Energia began a four-well drilling campaign at its Papa-Terra and Atlanta fields using Constellation’s Lone Star semisubmersible, which moved directly into the project after completing a previous contract in Brazil in January 2026, followed by a planned maintenance stop of just over 40 days.Two wells will be drilled at Papa-Terra in the Campos Basin

Reconnaissance Energy Africa (ReconAfrica) started production testing operations at the Kavango West 1X discovery well in Namibia. Updated petrophysical analysis increased net hydrocarbon pay in the Huttenberg formation to 75 m, up from a previously disclosed 64 m.Regulatory permits required to proceed with production testing have been received and work crews are on site preparing

Arrow Exploration is preparing further drilling activity in Colombia following results from its Mateguafa 11 (M-11) well, which encountered oil-bearing sands and extended the Mateguafa Attic structure.The M-11 well was drilled to a total measured depth of 11,455 ft (9,328 ft TVD) and identified hydrocarbons in the C7 and C9 Carbonera formations, with 18 ft

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

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

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

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

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

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

Union Jack Oil outlined its upcoming drilling plans in its project update covering key onshore projects in the United States.In Oklahoma, the company’s Crossroads structural prospect is now scheduled for drilling in Q1 2026. The Crossroads well will target oil in the middle Ordovician Oil Creek Sand, a reservoir interval that has demonstrated productive potential