Rhino Resources and Northern Ocean have extended the Deepsea Mira drilling contract offshore Namibia, adding an extra well test and increasing the firm backlog to $394 million.
Vaalco Energy has once again delayed its multi-well drilling campaign offshore Gabon, now set to begin in the fourth quarter as the company reports lower third-quarter earnings due to maintenance and weaker oil prices.
Santos and Carnarvon Energy have delayed offshore exploration in the Bedout sub-basin, which hosts the Dorado discovery, pushing drilling to the first half of 2027 due to rig unavailability.
The U.S. Interior Department opened 80 million acres in the Gulf of America for oil and gas leasing and proposed a 1 million-acre sale in Alaska’s Cook Inlet under the One Big Beautiful Bill Act, setting a 12.5% royalty rate.
Halliburton has been awarded an integrated drilling and completion contract by Shell Nigeria Exploration for the HI gas field in OML 144, supporting gas supply to the Nigeria LNG Train 7 facility.
Borr Drilling reported higher Q3 2025 revenue and new contracts in Mexico, the Gulf of America, and Angola, with strong rig utilization across its fleet.
Valaris reports multiple contract extensions in the UK North Sea, including a 194-day extension for the VALARIS 121 from Shell and a 150-day extension with Ithaca Energy.
ADES Holding will resume an offshore drilling contract in Saudi waters in January 2026 using the Admarine 510 jack-up rig, now preparing in Bahrain.
Valaris will warm-stack its MS-1 and DPS-1 semi-subs in Malaysia after completing contracts in Australia by end-2025.
