Offshore Oil & Gas news

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There are still jack-up rigs being built somewhere:

IMI inks deal with ARO Drilling for new jackup rig - Splash247

The two companies also worked together on the previously delivered Kingdom 1 and Kingdom 2. All four rigs are part of ARO Drilling’s plan from 2018 to supply Saudi Aramco with 20 new jackups over the following decade.

When the plan was announced, IMI was put in charge of construction, while GustoMSC and Lamprell worked together on a new design for the rigs.

https://www.imi-ksa.com/

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Big Beautiful Bill spurs major Gulf of Mexico and Alaska lease sales - Splash247

A glorious future awaits US offshore oil / gas industry and it`s participants:

“BOEM is now moving forward with a predictable, congressionally mandated leasing schedule that will support offshore oil and gas development for decades to come,” said BOEM acting director Matt Giacona.

Or will it all change in a few months/years?

[AKBJR]

I thought the last time leases were offered that there were few, if any, takers.

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ADES seals boosted acquisition deal for Shelf Drilling - Splash247

The deal has resulted in a combined fleet of 83 offshore units, 46 of which are considered premium units, and 40 onshore rigs, now operating across 19 countries.
The company now has a combined backlog in excess of SAR 34bn ($9bn) with a jackup utilisation at above 90%.

Leading provider of offshore and onshore drilling services

Shelf Drilling

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Lots happening in the jackup market lately:

Noble sells six jackups for $424m to Borr and Ocean Oilfield Drilling -...

Noble will operate two of the rigs sold to Borr, Noble Mick O’Brien and Noble Resolute, under a one-year bareboat charter agreement.

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Seatrium lands new jackup deal from International Maritime Industries -...

Seatrium has designed and contributed to the construction of more than half of all jackup rigs in service worldwide, including 65% of those operating in the Middle East.

PS: Things have changed since the early days of offshore drilling in other places than the GoM.
In the late 1960s/early 1970s 3 US rig building yard set up operations in Singapore to build offshore drilling rigs of US design, with US made equipment, mainly for US contractors and used to drill for US Oilcos around the world.

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Seadrill strengthens backlog with rig deals in US Gulf and Angola - Splash247

The campaign will also feature the maiden deployment of the Trendsetter well-intervention equipment in the region.

Not sure if this is correct (??): Trendsetter's Tony Nowak co-presents at Offshore Well Intervention Conference | Trendsetter Engineering, Inc. posted on the topic | LinkedIn

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Subsea7 scores Chevron contract off Australia - Splash247

Engineering and project management activities will start immediately from Subsea7’s Perth office, with additional support from teams in Kuala Lumpur and Paris. Offshore installation work is scheduled to take place in 2028.

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Axess to provide inspection services for Noble drillships in Guyana - Splash247

Axess Group

Vantris Energy secures RM1.4 bil offshore jobs from PETRONAS Carigali

In a filing with Bursa Malaysia on Wednesday, the group said the work orders were awarded to its wholly owned unit Sapura Offshore Sdn Bhd, under an existing contract.

https://www.sapuraenergy.com/

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Turkey expands offshore push as TPAO signs exploration pact with ExxonMobil -...

The country’s national oil output rose by 26% year-on-year in 2025 to 47.9m barrels, while natural gas production increased by 39% to 3.2 bcm.

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Further to activities in Malaysian waters:

KKB Engineering bags fabrication and tie-in deal with Petronas Carigali -...

The scope covers the fabrication of fixed offshore structures and host tie-in works at Erb West, part of the Belud South greenfield development project offshore Sabah.

KKB Engineering Berhad (KKBEB)

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Will Vietnam become the next “Petro state”?

Largest oil well in Southeast Asia of last two decades found offshore of Vietnam

The discovery offers Việt Nam an opportunity to reverse a two-decade decline in oil production. National output has fallen from 365,000 barrels per day in 2005 to below 120,000 barrels per day in 2025.

The find also comes at a critical time for Việt Nam’s ongoing offshore licensing round, which includes acreage in the Cửu Long Basin. Confirmation of a discovery of this scale in a mature basin is expected to draw renewed exploration interest.

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Modec taps DOF for FPSO mooring gig off Guyana - Splash247

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AHTS “Skandi Skansen” appears to be popular. After completing FPSO mooring operation in Guyana she is heading back to the North Sea for a short assignment:

DOF secures new North Sea vessel deal and Australia extension - Splash247

Who knows where she’ll be heading next. (Watch this space)

Exxon Mobil is also busy these days. This time in PNG waters:

MISC wins contract to supply first-ever Papua New Guinea FSO - Splash247

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DOF appears to be on a roll:

DOF Group ASA Awarded Contract in Argentina

Preparations are underway, with DOF providing project management, engineering, construction management, logistics and offshore execution led by DOF’s North America subsea region.
DOF defines a Substantial contract as a contract with value between $25 and 50 million.

Skandi Hera | DOF

Skandi Patagonia | DOF

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As is BorrDrilling ASA:

Borr Drilling secures fresh jackup deals and extensions across four rigs -...

Borr Drilling | Leading international jackup drilling contractor

Fleet list:

Borr Drilling | Leading international jackup drilling contractor

PS: Lots of their rigs are named after Norse Gods

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The LNG Construction Centre in Belokamenka constructs so-called gravity-based structures. Photo: vk.com/belokamenka51
[an is to deploy the plant on Alaska’s North Slope, one of the world’s most gas-rich regions.

Novatek has several years of experience building so-called gravity-based structures — massive movable platforms designed for LNG production at remote sites.
Two such structures were built at the company’s LNG Construction Center in Belokamenka, across the Kola Bay from Murmansk. Both were later towed to Utrenny on the Gydan Peninsula, where Novatek is developing its Arctic LNG 2 project.

Novatek has two floating production units in Gydan as part of its Arctic LNG 2 project. Photo: Belokamenka51 on VK
This is most likely the movable LNG plant referred to by Beach. Its current stage of completion is unclear, but satellite images from October 2025 show the barge in one of the two dry docks at the Belokamenka facility.

Source: US investor with ties to Trump family looks to Murmansk

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The offshore drilling rig Hercules is returning to Newfoundland and Labrador in 2027. www.odfjelldrilling.com

“We see significant demand for harsh environment, deepwater capable semi-submersibles towards the end of the decade and believe this contract should position the rig attractively for prospective drilling campaigns.”
The Hercules is currently in Norway and will be prepared for mobilization to Canada later this year.
Odfjell Drilling Ltd. will manage the rig on behalf of SFL under the contract.

Return of Hercules Rig Could Boost Offshore Oil Activity in Newfoundland and...

Hercules - Odfjell Drilling

Presently in lay-up at Westcon Yard, Ølen:

The Hercules oil rig in Norway. Credit: DirkVG/Shutterstock.com.

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Lots of news about Norwegian companies today:

EMGS to sell core business to Riggs Capital - Splash247

Borr Drilling adds fresh backlog with four rig deals - Splash247

Subsea7 bags Chevron job offshore Equatorial Guinea - Splash247

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A new frontier opening up in S.E.Asia:

Rig-sharing plan lined up for offshore Timor-Leste wells - Splash247

Under the agreement, the two sides will look to contract a suitable rig, align services and materials where possible, and coordinate planning and execution. The aim is to run a combined campaign that is more attractive to contractors and easier to deliver, the company said in a filing.
Finder is further advanced in securing a unit and is targeting a semi-submersible rig for its programme in around 400 m water depth. That same type of rig could also be used for Chuditch-2, even though the well is in much shallower water at about 65 m.

PS: That is a civilized way of doing it; “we cooperate when we can, but compete when we have to” (or v.v.)