Rigs
Asian multi-well drilling campaign bumped to May
A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.
Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil
Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil.
Ventura Offshore scores multimillion-dollar rig extensions with Petrobras
Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling playe
Rig gigs with Petrobras bring Constellation $1.1 billion in additional backlog
Constellation Oil Services, a Brazilian drilling contractor, has augmented its contract backlog thanks to extensions of drilling assignments for three rigs with Brazil’s state-owned energy giant Petrobras.
Borr Drilling’s rig quartet lines up work in four corners of the world
Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.
No ‘significant’ gas volumes in Black Sea exploration well
OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria.
BW Energy inks sale and leaseback deal for jack-up drilling rig
Oslo-listed oil and gas E&P player BW Energy has signed a sale and leaseback agreement with China’s Minsheng Financial Leasing (MSFL) for a jack‑up drilling rig. BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the Ja
Vietnamese player’s ‘super rig’ ready for drilling
Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has held the naming ceremony for a multi-purpose jack-up rig it purchased from U.S.-headquartered offshore drilling contractor Noble Corporation in 2025. PV Drilling held a naming ceremony for PV DRILLING IX, which it describes
Go-ahead for North Sea drilling ops with Saipem’s rig
Norwegian authorities have given the all-clear for drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NCS), with a rig owned by Saipem, an Italian engineering, drilling, and construction services giant.
Middle East conflict halts more offshore drilling ops as another rig owner confirms temporary suspensions
Arabian Drilling, said to be Saudi Arabia’s largest onshore and offshore drilling company by fleet size, has revealed temporary suspensions for some offshore rigs in the Arabian Gulf, as its land fleet remains unaffected by the ongoing conflict in the Middle East.
Middle East crisis brings ‘temporary suspensions’ to some ADES rigs
ADES International, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has confirmed suspensions of operations for multiple rigs in its fleet as a result of the ongoing conflict between the U.S.-Israel alliance and Iran in the Middle East.
Valaris drillship spins the drill bit at Equinor’s $9 billion Brazilian gas project
Norway’s state-owned oil and gas giant Equinor has kicked off drilling activities at its natural gas project off the coast of Brazil with a drillship owned by Valaris, a Bermuda-headquartered offshore drilling contractor.
As Paratus closes its jack-up shop, Borr Drilling’s Mexican JV welcoming five rigs
Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services, is offloading its drilling operations and jack-up fleet to Proyectos Globales de Energía y Servicios CME (CME) and BC Ventures, a newly established 50/50 joint venture between subsidiaries of Bermuda-based Borr
BP and ADNOC’s JV ready to kick off Mediterranean gas hunt with Valaris rig
Arcius Energy, an affiliate of the UK-headquartered BP and the UAE’s ADNOC, has set the stage to embark on a multi-well drilling campaign off the coast of Egypt with a drillship owned by Valaris, an offshore drilling contractor. The post BP and ADNOC’s JV ready to kick off Mediterranean gas hunt wit