Jasmine Energy (JEL), a subsidiary of Rex International, has raised $25 million in senior secured bonds to fund a three-well drilling campaign at the Yumna field in Oman’s Block 50 and support Masirah Oil.
Noble Corporation plc will sell six jackup rigs for about $424 million, with five units going to Borr Drilling Limited and one to Ocean Oilfield Drilling, leaving Noble focused on deepwater and ultra-harsh jackups.
Valaris DPS-1 has arrived in Labuan, Malaysia, for warm stacking after finishing a Woodside contract in Australia. Sister rig Valaris MS-1 will follow later this month, with both now the company’s only semisubs.
TotalEnergies will merge its UK offshore assets with Neo Next Energy to form Neo Next+, expected to be the largest independent oil and gas producer in the UK with output above 250,000 boe/d in 2026.
Jan De Nul is expanding its Aalst training centre with new crane and cutter suction dredger simulators, allowing offshore wind and dredging crews to train together in realistic marine conditions.
Seaway7 has secured a contract with Ocean Winds for the BC-Wind offshore wind development in Poland, transporting and installing transition pieces and an offshore substation, with offshore work starting in 2027.
Eni has made a major gas discovery offshore East Kalimantan, Indonesia, with its Konta-1 wildcat well, showcasing impressive production potential in the Kutei Basin.
Chevron is investing $2 billion in the Gorgon Stage 3 backfill project to connect the Geryon and Eurytion gas fields to Gorgon’s existing infrastructure, sustaining production for domestic and international markets.
Equinor has successfully initiated production from the Verdande subsea field, extending the operational life of the Norne FPSO beyond 2030, with an investment of NOK 6 billion.
