Recalibrate Procurement for Deepwater Drilling, MPD and FLNG

FLNG MKII design with 3. 5 mtpa; Source: Golar LNG Golar LNG has announced the closing of a new $600 million senior secured revolving credit facility (RCF), which further strengthens the firm’s balance sheet flexibility and facilitates further FLNG growth

FLNG MKII design with 3

Home Fossil Energy Golar LNG raises $600 million loan with FLNG business expansion in mind August 4, 2026, by Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has landed a multimillion-dollar financing to fuel its floating LNG (FLNG) expansion. FLNG MKII design with 3

56%). The Brazilian firm’s Colombian subsidiary hired the Noble Discoverer semi-submersible rig in December 2023 to provide offshore drilling services in Colombia

Petrobras, through its subsidiary, Petrobras International Braspetro B

Home Fossil Energy South America’s gas boom on the rise with Petrobras’ new discovery in Colombian waters August 4, 2026, by Brazil’s state-owned energy giant Petrobras has added to South America’s energy riches with a fresh gas discovery off the coast of Colombia. Noble Discoverer rig; Source: Noble A new gas discovery has been made in the Sandia-1 exploratory well in Block GUA-OFF-O in deep waters offshore Colombia

Noble BlackHornet; Source: Noble Corporation Noble has confirmed the installation of a stemless gate valve (SGV) on the Noble BlackHornet drillship. This technology, developed with Kinetic Pressure Control, provides a dedicated means of sealing the wellbore during managed pressure drilling (MPD) operations

This technology, developed with Kinetic Pressure Control, provides a dedicated means of sealing the wellbore during managed pressure drilling (MPD) operations. While emphasizing that innovation offshore often begins with solving a specific operational challenge, the rig owner highlighted: “The project underwent extensive technical evaluation as teams across Noble worked closely with Kinetic and other industry experts to assess reliability, installation requirements, maintenance considerations, and integration

While emphasizing that innovation offshore often begins with solving a specific operational challenge, the rig owner highlighted: “The project underwent extensive technical evaluation as teams across Noble worked closely with Kinetic and other industry experts to assess reliability, installation requirements, maintenance considerations, and integration with existing well control systems. “Bringing the SGV from idea to offshore deployment meant hyper-focused engineering review, collaboration across multiple disc

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. Illustration; Source: Oil & Natural Gas Corporation (ONGC) The MN-DW18-1-H-D offshore exploration well in the Mahanadi Basin was spudded virtually by Shri Hardeep Singh Puri, India’s Minister of Petrol

The well is being drilled approximately 23 nautical miles from Konark, off the Odisha coast