Adjust Sourcing Plans for Rising APAC Offshore Drilling Activity

Home Fossil Energy First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule June 25, 2026, by Abu Dhabi-headquartered ADNOC Drilling, one of the Middle East’s drilling and integrated drilling services (IDS) providers, has taken delivery of its first automated walking island rig running on artificial intelligence (AI) technologies, accelerating autonomous offshore operations in the United Arab Emirates (UAE). ADNOC Drilling enriches its rig fleet with the first AI-enabled walkin

Integrated data systems are deemed to provide real-time operational insights for performance optimization and predictive maintenance

ADNOC Drilling enriches its rig fleet with the first AI-enabled walking island rig; Courtesy of ADNOC Drilling ADNOC Drilling has confirmed the delivery and acceptance of AD-300, the UAE player’s first AI-enabled, fully automated walking island rig, nearly three months ahead of schedule, enabling earlier revenue generation and accelerating the rollout of the six-rig next-generation program

Home Fossil Energy Perenco pens gas deal for Southeast Asian offshore project June 25, 2026, by Perenco Vietnam, part of Anglo-French oil and gas player Perenco, has inked a gas sales and purchase agreement (GSPA) for a project off the coast of Vietnam, Southeast Asia. Illustration; Source: Perenco Perenco has signed the GSPA for the Su Tu Trang Phase 2B project on Block 15-1 offshore Vietnam, which will supply more than 600 billion cubic feet (bcf) of gas over its life, supporting growing energy demand in Sout

Illustration; Source: Perenco Perenco has signed the GSPA for the Su Tu Trang Phase 2B project on Block 15-1 offshore Vietnam, which will supply more than 600 billion cubic feet (bcf) of gas over its life, supporting growing energy demand in Southeast Vietnam and contributing to the country’s energy security

Illustration; Source: Perenco Perenco has signed the GSPA for the Su Tu Trang Phase 2B project on Block 15-1 offshore Vietnam, which will supply more than 600 billion cubic feet (bcf) of gas over its life, supporting growing energy demand in Southeast Vietnam and contributing to the country’s energy security. Designed to deliver up to 150 million standard cubic feet per day (scfd) of gas, the project encompasses brownfield modifications, the installation of a new central gas facility (CGF) platform, and the dr

” BP will work closely with ONGC’s multidisciplinary teams to identify and implement focused interventions across reservoirs, wells, and production facilities, as the collaboration will seek to moderate natural production decline, improve hydrocarbon recovery and operational efficiency, and support sustained production growth. The UK-headquartered giant will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon p

Illustration; Source: ONGC ONGC and BP have signed a technical services contract to enhance production from the Asian player’s fields in the Western Offshore Basin, said to be a critical pillar of India’s energy security

This deal, which builds on the progress the two companies achieved at Mumbai High, will bring advanced technologies, global expertise, and focused interventions to improve recovery, enhance efficiency, moderate natural decline, and sustain production from mature fields. Under the agreement, BP has been appointed as the technical services provider (TSP-1) for ONGC’s Western Offshore Basin fields, with India’s government-owned firm retaining complete ownership and operational control of the assets

“This success reflects the dedication of our offshore teams, including our tow masters and marine warranty surveyors, supported by our geotechnical and structural engineers, onshore operations teams across multiple countries, and all supporting personnel

The firm emphasizes that all rigs were relocated to their designated locations ahead of the onset of seasonal adverse weather conditions

” In addition, the company has supported 75 rig moves within the ONGC fields on the west coast of India from September 2025 to May 2026 by acting as tow master and marine warranty surveyor throughout the campaign period