PV Drilling has acquired an additional jack-up rig, tentatively named PV DRILLING X, to expand capacity and support growing offshore drilling demand in the region.
Borr Drilling said Arabia III has resumed work offshore Saudi Arabia, while Groa and Arabia II are due to restart in April 2026. The company also expects Odin to begin work next month and confirmed a new six-month award for Skald in Southeast Asia.
Dolphin Drilling and Vantris Energy sign a non-exclusive marketing agreement for the Blackford Dolphin semi-submersible, targeting Southeast Asian markets including Indonesia, Malaysia, Thailand, and Vietnam.
COSCO SHIPPING Specialized Carriers opened a Philippines Representative Office in Manila on 26 January, strengthening customer proximity and regional support within COSCO SHIPPING’s global network.
Samos Energy signed a ship sale agreement to acquire the Suksan Salamander FSO from Altera. FPSO Ventures will assume O&M after completion and delivery.
Nam Cheong has entered a deal to sell a 4,000-DWT PSV to a Vietnam offshore group, with December 2025 delivery and proceeds directed toward shipbuilding and fleet plans.
Westwood’s APAC offshore report highlights core indicators shaping regional activity, including EPCI forecasts, Southeast Asia contract expectations, offshore wind auctions, rig utilisation levels and vessel fleet conditions across oil, gas and wind markets.
Eni and PETRONAS formed an equal joint venture combining upstream operations in Indonesia and Malaysia, investing over $15 billion over the next five years.
HD Hyundai Heavy Industries has deepened ties with Malaysia’s navy through a maritime cooperation forum, signaling its ambition to expand in Southeast Asia’s defense shipbuilding market.
