Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, adding a pre-FID project with more than 200 million barrels of oil equivalent.
Noble reported a $37 million net loss for the second quarter of 2026 after suspensions involving two Petrobras-contracted rigs in Brazil reduced revenue and utilisation.
Apollo has committed $1.5 billion to a Keppel-managed fund that will initially acquire six operational offshore rigs from Rigco Holding for about S$1.2 billion.
Saipem has secured contracts worth approximately €800 million for the Baleine Phase 3 offshore project in Ivory Coast and a new deoxygenation unit at Enilive’s Venice biorefinery.
Serica Energy has agreed to acquire Pharos Energy for approximately $194.5 million, with the Pharos board withdrawing support for Ratio Petroleum’s competing offer.
Saipem has secured contracts worth approximately €800 million for Baleine Phase 3 offshore Ivory Coast and a new unit at Enilive’s Venice biorefinery.
Expro has completed its NOK 2 billion acquisition of Enhanced Drilling, adding managed pressure drilling, controlled mud level drilling and riserless mud recovery capabilities.
Huarun Dadong Dockyard will convert a sixth-generation semisubmersible rig into a 600-person accommodation unit under the Sparta retrofit project for deployment in Brazilian waters.
Karoon Energy reported 97.2% operating efficiency for the FPSO Cidade de Itajaí after maintenance and well restoration at the Baúna field. The company also completed the FPSO operatorship transfer during the quarter.
