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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. |
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 |
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 $447 million to contract backlog. |
06 Apr 26 |
Chevron statement regarding exclusivity agreement with Microsoft and Engine No. 1 AI is driving significant growth in demand for reliable, always on power, underscoring the importance of energy security and abundant domestic supply. To support that demand, Chevron, Microsoft and Engine No. 1 have entered into an exclusivity agreement related to the negotiation of a proposed power generation and electricity offtake arrangement. |
06 Apr 26 |
Brazil: Seadrill anounces West Polaris contract extension in Brazil Seadrill has announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil. |
06 Apr 26 |
Brazil: Petrobras reports on financial settlement regarding the redetermination of the Tupi Shared Field Petrobras reports on financial settlement regarding the redetermination of the Tupi Shared Field. Petrobras received approx. R$ 3 billion from other private companies and paid approx. R$ 600 million to the Brazilian government. |
06 Apr 26 |
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 April 2026, to review global market conditions and outlook. |
06 Apr 26 |
US: Department of the Interior begins transition to Marine Minerals Administration The Department of the Interior today announced the start of a phased plan to establish the Marine Minerals Administration, bringing together the functions of the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement. |
06 Apr 26 |
US: Weatherford announces proposal to redomesticate to the United States, establishing Texas as new legal domicile Weatherford International has announced its proposal to reorganize the Company’s corporate structure by redomesticating its parent company from Ireland to the United States, with Texas as the parent company’s new legal home. The proposed redomestication is expected to be completed in the third quarter of 2026 |
