Industry News

Transocean awarded a contract and an extension for two of its drilling rigs. Together, the fixtures total approximately $168 million of firm backlog.In Brazil, the

Europa Oil & Gas signed a binding farm-out agreement covering the EG-08 production sharing contract offshore Equatorial Guinea, securing a partner ahead of planned exploration

Saipem agreed to extend the amended bareboat charter for the seventh-generation drillship Deep Value Driller through 31 July 2026, maintaining the vessel’s availability for deepwater

Baker Hughes contracted with Kuwait Oil Company (KOC) to provide advanced artificial lift systems and associated services to enhance production in Kuwait’s oil and gas

Helix Energy secured a multi-year contract with a major operator for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the

INEOS Energy and Shell made a new oil discovery in the Norphlet formation in the US Gulf of Mexico. Shell is the operator of the

Odfjell Drilling signed a contract with Equinor for use of the semisubmersible Deepsea Aberdeen to drill an unspecified scope in an interim period on the

Shell Offshore took a final investment decision (FID) on a waterflood project at its Kaikias field in the US Gulf of Mexico. Water will be