Reprioritize APAC deepwater sourcing as rigs and suppliers tighten

With an estimated duration of 150 to 210 days at a day rate of $320,000 per day, plus a $5 million mobilization fee, the deal is expected to commence in March 2027

Noble’s fleet of 24 marketed floaters was 61% contracted during the second quarter of 2026, compared with 68% in the prior quarter. The firm’s recent contract awards since last quarter have added approximately 16 months of new floater backlog, with leading-edge day rates for Tier-1 drillships increasing to the mid-$400,000s

Noble BlackHornet; Source: Noble Corporation Noble has confirmed the installation of a stemless gate valve (SGV) on the Noble BlackHornet drillship

Valaris 249 jack-up rig; Source: Valaris The 2001-built Valaris 249 jack-up rig has finished a two-well workover and completion campaign for BP offshore Trinidad nearly 17 days ahead of plan, according to the rig owner

” The Valaris 249 jack-up rig is of LT Super Gorilla design and can accommodate 120 people

This unit is expected to spend 60 days out of service for planned maintenance in 3Q 2026. Afterward, the jack-up is slated to start its job with Shell in October 2026

The well is being drilled approximately 23 nautical miles from Konark, off the Odisha coast. Commenting on this, ONGC emphasized: “The commencement of drilling marks the beginning of one of India’s most challenging deepwater exploration campaigns

Home Fossil Energy India kicks off one of its ‘most challenging’ deepwater oil & gas exploration ops August 3, 2026, by India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has begun drilling the first deepwater well in Mahanadi Basin to unlock the country’s offshore hydrocarbon potential

The energy player claims that the spudding marks a major milestone under the government’s Samudra Manthan campaign and the beginning of an ambitious program to explore the country’s deep and ultra-deepwater energy resources

This investment represents NYK’s continued expansion along the LNG value chain. Previously, the company made investments in the Wheatstone LNG and Cameron LNG projects, as well as in LNG-fueled vessel transportation and LNG bunkering businesses, as part of its growth strategy set out in its medium-term management plan

headquartered investment company EIG Global Energy Partners (EIG), has secured another investment, enabling Nippon Yusen Kabushiki Kaisha (NYK), Japan’s shipping and logistics major, to widen its LNG footprint. Illustration; Courtesy of MidOcean Energy NYK has decided to participate in an investment in MidOcean Energy through Diamond Gas MidOcean (DGMO), a company established by Japan’s Mitsubishi Corporation in 2023, by subscribing for all of the shares to be issued in DGMO’s third-party allotment

Home Fossil Energy EIG’s MidOcean Energy lines up new investment as NYK spreads its LNG wings August 3, 2026, by MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U

Illustration; Source: Saipem Saipem and Subsea7 have confirmed the end of the U

antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market concentration issues in the European Union (EU). Illustration; Source: Saipem Saipem and Subsea7 have confirmed the end of the U

Home Fossil Energy Saipem’s merger with Subsea7 clears crucial US antitrust hurdle August 3, 2026, by Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U