Velesto Wins $51 Million Naga 8 Contract for North Malay Basin
23, July 2026
Velesto has secured a $51 million i-RDC contract to deploy the Naga 8 jack-up rig for the North Malay Basin campaign from August 2026 through 2028.
PETRONAS
Ventura Offshore Adds $25.1 Million Backlog Through SSV Catarina Option in Indonesia
8, July 2026
Ventura Offshore has secured additional work for the SSV Catarina in Indonesia after an option exercise by Eni Muara Bakau B.V. The award is expected to keep the rig working through Q4 2026 while increasing the company’s firm backlog by about $25.1 million.
Saipem Wins $2 Billion Kutei FPSO Contract in Indonesia
7, July 2026
Saipem has secured an EPCI contract worth approximately $2 billion for its share of the Kutei FPSO project in East Kalimantan, Indonesia. The project is expected to be completed over 48 months.
Malaysian Firm HELMS Wins PETRONAS CCS Solutions Offshore Soil Investigation Contract
27, June 2026
HELMS has secured a long-term offshore soil investigation contract from PETRONAS CCS Solutions to support CCS developments across Malaysia.
TotalEnergies, Petronas Start Offshore Drilling in Papua New Guinea
27, June 2026
TotalEnergies and Petronas have started a $100 million to $200 million offshore exploration campaign near Kupiano in Papua New Guinea, with the drilling vessel Viking beginning operations.
Petronas Partners with Regional Operators on Offshore Oil Recovery
8, June 2026
Petronas has signed an MoU with regional operators and Universiti Teknologi Petronas to evaluate offshore oil recovery opportunities.
Three Workers Die in FSO Sepat Maintenance Incident
26, May 2026
Three contractor personnel died and one worker was injured after a lifeboat maintenance incident on FSO Sepat offshore Terengganu, Malaysia.
Helms Finishes Shell Work, Moves to Petronas
26, May 2026
Helms Geomarine completed its offshore geotechnical investigation campaign for Shell in Sarawak ahead of schedule and will resume Petronas-supported offshore soil investigation work.
Subsea 7, PETRONAS, SIA Sign Suriname Framework
8, April 2026
Subsea 7 S.A., PETRONAS Suriname E&P B.V., and the Subsea Integration Alliance have signed a long-term framework for offshore developments in Suriname.
