Latest News
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07 Apr 26
Suriname: Valaris enters into a Strategic Collaboration Agreement ('SCA') with PETRONAS Suriname Exploration & Production
Valaris has announced that its wholly owned subsidiary, Ensco UK Drilling, has entered into a Strategic Collaboration Agreement ('SCA') with PETRONAS Suriname and Halliburton to support the development of PETRONAS Suriname’s offshore assets. -
07 Apr 26
Guyana: Hunting awarded $63.5 million of subsea orders for Guyana offshore development
Hunting PLC, the precision engineering group, has been awarded orders totalling $63.5 million for its titanium stress joint ('TSJ') product line, for a new offshore development in Guyana. -
07 Apr 26
Dolphin Drilling signs Letter of Intent for Paul B. Loyd Jr
Dolphin Drilling has signed a Letter of Intent (LOI) in connection with a potential new contract for the PAUL B. LOYD JR through 2030. -
07 Apr 26
US: 88 Energy secures Kad River 3D survey opening new potential in under-explored leases North Slope Alaska
Access to the 3D seismic data, in combination with historical well logs, will enable 88 Energy to apply its technical expertise to design a data-driven exploration programme across this highly-prospective and under-explored region. -
07 Apr 26
Norway: Aker BP starts oil production from the Symra field in the North Sea
Aker BP has started oil production from the Symra field in the North Sea. The project has been delivered nine months ahead of original schedule, generating significant value and accelerating production start into 2026. The field is estimated to contribute approx. 63 million barrels of oil equivalent to the Eiga area. -
07 Apr 26
Oman: Masirah Oil expects to start drilling programme in Yumna field in May 2026
Masirah Oil Limited ('MOL'), an indirect subsidiary of the Rex International Group, has announced that the drilling programme of three development wells in the offshore Yumna field in Block 50 Oman is now expected to commence in May 2026 -
07 Apr 26
Gabon: Panoro Energy awarded extension of Dussafu Production Sharing Contract
Panoro Energy has announced that the joint venture partners have received government approval for an amendment to the Dussafu Marin Production Sharing Contract ('PSC') offshore Gabon which provides for a material time extension of the PSC up to the year 2053. -
07 Apr 26
Egypt: Arcius invests up $500 million to develop the Harmattan field offshore Egypt
Arcius has announced the Final Investment Decision (FID) to develop the Harmattan gas field in the El Burg Offshore concession area, a significant step toward executing one of its first projects in Egypt. The investment, estimated at approx. half a billion USD, will help support and increase natural gas production to meet domestic market needs. -
06 Apr 26
UK/Norway: 700 Miles and a world apart: Why Norway and the UK are on divergent energy trajectories
A visit last month to Offshore Norge’s annual conference in Oslo was a powerful reminder that despite a shared history of developing offshore resources in the North Sea over the past fifty years, the UK and Norway are now on very different trajectories – driven by policy not geology. -
06 Apr 26
US: BLM seeks initial input for October 2026 sale of oil and gas leases in Montana and Dakotas
The Bureau of Land Management has opened a 30-day public scoping period to receive public input on 20 oil and gas parcels totaling 3,387 acres that may be included in an October 2026 lease sale in Montana and Dakotas. The scoping period ends May 4, 2026. -
06 Apr 26
Brazil: Ventura Offshore announces contract extensions of the SSV Victoria and managed rig Atlantic Zonda, operating offshore Brazil
Ventura Offshore has announced contract extensions of the SSV Victoria semi-submersible and managed rig Atlantic Zonda, operating offshore Brazil. -
06 Apr 26
Brazil: Valaris announces multi-year contract award for drillship VALARIS DS-4
Valaris has been awarded a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS-4. The extension is expected to commence in November 2027 in direct continuation of the existing program and will add approximately $447 million to contract backlog. -
06 Apr 26
Suriname: Halliburton enters strategic collaboration agreement for PETRONAS Suriname asset development
Halliburton has entered into a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production and Valaris to support the development of PETRONAS Suriname’s local assets. -
06 Apr 26
Chevron statement regarding exclusivity agreement with Microsoft and Engine No. 1
AI is driving significant growth in demand for reliable, always on power, underscoring the importance of energy security and abundant domestic supply. To support that demand, Chevron, Microsoft and Engine No. 1 have entered into an exclusivity agreement related to the negotiation of a proposed power generation and electricity offtake arrangement. -
06 Apr 26
Brazil: Seadrill anounces West Polaris contract extension in Brazil
Seadrill has announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil.
