Norwegian oil and gas firm Vår Energi has put the Balder Phase V project into production, while also completing of Åsgard Low Pressure Production Phase 3 (LPP3) scheme, bolstering its North Sea production.With the Åsgard LPP3 project start-up scheduled for December, the company has delivered on its commitment to complete nine out of nine growth projects in 2025, marking a year of transformational progress for Vår Energi…
Saipem announced that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.This is the third extension of the contract originally awarded in March 2022…
Offshore drilling contractor Dolphin Drilling has appointed new chief executive officer (CEO) following the resignation of Jon Oliver Bryce.Dolphin Drilling’s board of directors has appointed Michael Boyd, currently the company’s Chief Commercial Officer…
Scottish-based services specialist Hydrasun has secured a multi-million-dollar contract to supply subsea instrumentation for the Equinor-operated Mariner field in the North Sea.The contract, valued around $3 million, was awarded to Hydrasun by a major subsea original equipment manufacturer (OEM)…
Ocean services provider DeepOcean has secured a new long-term inspection, maintenance and repair (IMR) frame agreement with operator Vår Energi.The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years…
Fugro has secured a large contract with Mubadala Energy to deliver advanced soil investigation services for the South Andaman Deepwater Development, located offshore Indonesia.The strategic project will inform the Front-End Engineering Design Engineering Procurement and Construction (EPC) award…
Velesto has entered into a sale and purchase agreement with PT Indonesia Drilling Energy for the sale of its jack-up drilling rig, NAGA 3, for a total cash consideration of $63 million.The divestment of NAGA 3, built in 2010, is in line with the group's ongoing fleet optimization…
Britain’s Serica Energy has agreed to acquire a portfolio of Southern North Sea gas assets from Spirit Energy and affiliates for $74 million, expanding its U.K. upstream footprint and lifting reserves and production.The deal, signed through…
Odfjell Drilling has completed the acquisition of the harsh-environment drilling rig Deepsea Bollsta, including the novation of the rig’s drilling contract with Equinor for a firm period running until early 2028 and with five one-year extension options…
BW Energy has signed a long-term lease agreement for the Maromba drilling and wellhead platform, converting a short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B into a project lease with Minsheng Financial Leasing (MSFL).The…
To advance President Trump’s national strategy for securing America’s critical mineral supply, the Bureau of Ocean Energy Management has initiated the process for a potential mineral lease sale in federal waters off the coast of Virginia. This…
Offshore drilling contractor Valaris has secured a multi-year contract with Shell for its VALARIS DS-8 drillship, which will be put to work offshore Brazil.The contract is expected to start in the first quarter of 2027, with an estimated duration of approximately 800 days…
Shell has booked Northern Ocean’s Deepsea Mira semi-submersible rig for a drilling campaign offshore Namibia.The Odfjell Drilling-managed rig has been scheduled to start operations in Namibia in April 2026.The contract covers one firm well and includes one optional well…
Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners QatarEnergy and Namibia's national oil company Namcor.Shell's Namibia country chair Eduardo Rodriguez said…
Ocean services provider DeepOcean has secured an extension to its existing frame agreement with Equinor for the provision of subsea inspection, maintenance, and repair (IMR) services.As a part of the renewal, DeepOcean will deploy specialized IMR vessels…
