Lock in Mobilization Readiness as SE Asia Infill Drilling Accelerates

Home Fossil Energy Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset June 24, 2026, by Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries

The people who lost their lives in this incident are of Indian and Pakistani nationalities, while the injured are of Qatari, Indian, Pakistani, Bangladeshi, Kenyan, Ghanaian, Tanzanian, Nigerian, and Nepalese nationalities. “QatarEnergy would like to emphasize that this was an operational accident and not sabotage or hostile in nature,” the firm underlined, while pointing out that Barzan production was intentionally completely stopped since December 2025 due to urgent maintenance requirements, and was first re

In response to the incident, emergency response teams were deployed immediately to contain the fire, which was brought under control

Home Fossil Energy Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES June 24, 2026, by Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-headquartered ADES Group, to bring the Italian giant’s affected jack-up rigs into

This move enables ADES Holding Company, part of Saudi Arabia-headquartered ADES Group, to bring the Italian giant’s affected jack-up rigs into its fold, enlarging its rig fleet. Gulf Driller VII or Perro Negro 11; Source: CIMC Raffles Saipem has disclosed a binding sale and purchase agreement (SPA) with ADES Saudi Limited Company, an indirect subsidiary of ADES, for the sale of the entire interest held through its subsidiary Saipem International in SAS, a company active in shallow-water offshore drilling opera

Currently, ADES operates an offshore jack-up fleet that contains 81 offshore jack-up rigs, of which 46 are premium units, an offshore jack-up barge, and one mobile offshore production unit (MOPU), in addition to 40 onshore rigs. Once this acquisition is complete, the company will operate a fleet of 88 offshore units, of which 51 are premium units

Designed as a newbuild double-hull vessel with a storage capacity of approximately 500,000 barrels, the FSO PTSC LDV incorporates advanced dual-fuel systems to support operational efficiency while contributing to lower emissions. According to Yinson Production, the unit has been designed with a strong focus on safety, operational excellence, and reliability

Upon arrival in Vietnam, the FSO will be deployed to the Lac Da Vang field, where it is expected to commence operations in the fourth quarter of 2026. The FSO PTSC LDV is further expected to strengthen the long-standing relationship between Yinson Production and PetroVietnam Technical Services Corporation (PTSC)

Home Fossil Energy Yinson Production’s Southeast Asia-bound FSO gets its name June 24, 2026, by Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia. FSO naming ceremony; Source: Yinson Production Yinson Production celebrated the naming of the FSO PTSC Lac Da Vang (FSO PTSC LDV) on June 23, markin

Jadestone booked Velesto’s NAGA 8 rig to support infill drilling activities at the East Belumut Phase 9 project for a period of four months, starting in March

” The drilling campaign originally included two firm wells and a third contingent well targeting the southwest extension of the East Belumut field, which was identified in the 2023 infill program. Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing

Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing