Seadrill adds $860 million in offshore rig backlog amid rising deepwater demand
Seadrill added more than $860 million to its offshore drilling backlog during first-quarter 2026, driven by new deepwater rig awards […]
Industry Reports
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Emerson launches AspenTech industrial AI platform for enterprise operations
Emerson has launched the AspenTech AVA industrial AI platform, designed to help industrial operators accelerate enterprise AI adoption through AI-assisted
Texas leads U.S. energy services hiring gains in April jobs report
The Energy Workforce & Technology Council (EWTC) reported a second consecutive month of U.S. energy services job growth in April,
Vaalco kicks off six-well Egypt campaign after completing 22-well program
Vaalco Energy contracted a rig and began drilling six additional development wells in Egypt’s Eastern Desert in early May, without
PV Drilling wins jackup contract with Zarubezhneft offshore Vietnam
PetroVietnam Drilling secured a jackup contract with Zarubezhneft for a development drilling campaign at the Thien Nga–Hai Au field in
Perenco completes five-well infill campaign at Tchibouela East
Perenco Congo completed a five-well infill drilling campaign at the Tchibouela East field offshore the Republic of Congo, adding 6,000
Seadrill secures multiple contract awards in Americas, Africa
Seadrill secured several contract awards across the US Gulf of Mexico, Brazil and Angola, according to the company’s 11 May
DOF awarded 12-year Petrobras RSV contracts for Brazil deepwater operations
DOF Group ASA has secured nearly $2 billion in long-term Petrobras contracts for four new ROV support vessels supporting subsea
Iran war threatens long-term confidence in Hormuz oil flows, IEA says
IEA Executive Director Fatih Birol warned that the Iran war and prolonged Strait of Hormuz closure may permanently undermine confidence
Modi says Iran war poses severe risks to India, urges cuts in fuel use and gold purchases
Modi appealed to Indians to cut fuel use, overseas travel and gold purchases as the Middle East conflict exposes India’s
Aramco profit jumps 26% y-o-y as pipeline exports offset Hormuz disruption
Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset
Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions
Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.
Nigeria upstream reforms drive surge in African oil and gas FIDs
Nigeria has captured 40% of Africa’s upstream final investment decisions following energy sector reforms aimed at improving fiscal terms, contracting
Offshore oil dispute drives Venezuela-Guyana case at International Court
Venezuela renewed its territorial claim over Guyana’s oil-rich Essequibo region at the International Court of Justice as offshore developments led
INA, MOL discuss restarting Syria oil and gas operations with SPC
INA and MOL Group held talks with the Syrian Petroleum Company on restarting oil and gas operations in Syria, including
Can Africa’s natural gas power the continent’s digital future?
Africa’s vast natural gas reserves are increasingly being viewed as a potential foundation for AI and data center growth, as
Aramco profit jumps 26% y-o-y as exports offset Hormuz disruption
Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset
Iran responds to U.S. peace proposal as Strait of Hormuz tensions persist
Iran has submitted a response to the latest U.S. proposal aimed at ending the 10-week conflict that has disrupted global
Saudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity amid Iran war
Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.
OTC 2026: Deepwater re-emerges as critical supply engine amid global exploration slowdown
Welligence COO Ivan Cima says deepwater is poised for renewed growth as global exploration spending slumps. Speaking at OTC 2026,