Chevron awarded Subsea7 a “substantial” Eastern Mediterranean subsea job covering installation of ~17,000 m of flowlines and umbilicals, with offshore work expected to start in Q1 2028.
ONGC issued a binding NOA to Vantage Drilling for the drillship Platinum Explorer: 3-year firm + 1-year option in India, estimated at $261M USD excl. MPD Services.
Sunda Energy draws £400,000 from a £1.5m CEO loan facility as it advances acquisition exclusivity talks and continues Chuditch-2 rig, permitting, and Sulu Sea seismic preparations.
Transocean will acquire Valaris Limited in a $5.8 billion all-stock deal, forming a 73-rig offshore driller with ~$17 billion enterprise value and ~$10 billion combined backlog.
Nexra signs a firm Taiwan O&M campaign contract worth over EUR 20 million, starting March 2026 for 3–4 months, executed with Wind Maker.
EXMAR was selected by Cedar LNG Partners LP to provide marine operations and operational expertise for the Cedar FLNG unit megu, which is under construction at Samsung Heavy Industries.
BW Offshore and McDermott outline a floating blue ammonia FPSO concept to convert offshore gas into low-carbon ammonia, capture up to 99% CO₂, and export directly to carriers.
BW Energy plans to drill six production wells at the Maromba field in 2027, targeting first oil in H2 2027 under a phased FPSO-based development concept.
Arabian Drilling appoints Fahad Al Bani as CEO after Ghassan Mirdad resigns for personal reasons, citing Al Bani’s nearly three decades of upstream and drilling experience.
