Industry News

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

Beacon Offshore Energy started oil and natural gas production from the Zephyrus field in the US Gulf of Mexico, following startup of the initial development

Patterson-UTI signed a multi-year agreement to lease two high-spec APEX 1500 drilling rigs to Archer. The rigs will support Archer’s operations in Argentina’s Vaca Muerta

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

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

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