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.
Equinor has extended Northern Ocean’s Deepsea Bollsta contract by five months for continued drilling on Norway’s Johan Sverdrup field.
During OTC Brazil 2025, Petrobras CEO Magda Chambriard announced that the company may expand its exploration program in the Foz do Amazonas Basin with up to three additional wells, contingent on early results. The statement reaffirms Petrobras’ commitment to frontier exploration and compliance with the Paris Agreement.
Noble Corporation is evaluating strategic options for its Noble Globetrotter I drillship after its OMV Petrom contract ends in April. According to Upstream, the vessel could be sold if no new intervention work is secured, amid broader fleet adjustments and rig sales across Noble’s global portfolio.
