Confirm and Re-price APAC Rig and Subsea Supply Commitments

Dhirubhai Deepwater KG2 drillship; Source: Transocean Transocean has secured a two-year binding letter of award (LOA) for the 2010-built Dhirubhai Deepwater KG2 sixth-generation ultra-deepwater drillship with ONGC in India. This campaign is expected to begin in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees

This campaign is expected to begin in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees. The contract includes two years of priced options that, if fully exercised, would result in the drillship working in India into early 2031

With a maximum drilling depth of 35,000 feet, the rig, which is capable of drilling in water depths up to 12,000 feet, can accommodate 180 people

Home Fossil Energy Oil India keeps Dolphin Drilling’s rig on offshore assignment through October August 20, 2026, by Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh-environment mid-water and deepwater semi-submersible drilling rigs, has secured an extension of a drilling job, which one of its units is carrying out off the coast of India for Oil India Limited (OIL), an exploration and production company. Blackford Dolphin rig; Source: Dolphin Drilling Dolphin Drill

“Dolphin Drilling values its ongoing partnership with Oil India Limited and remains committed to delivering safe and efficient operations,” the rig owner emphasized

Blackford Dolphin rig; Source: Dolphin Drilling Dolphin Drilling has disclosed that the Blackford Dolphin deepwater-capable semi-submersible rig will continue its drilling contract with Oil India up to October 15, 2026

Home Subsea South Koreans make move to cut foreign dependence with domestic ROV capability August 20, 2026, by South Korea’s Taihan Cable & Solution and Panstar Robotics, established by the Korea Institute of Robotics & Technology Convergence (KIRO), have signed a memorandum of understanding (MoU) to jointly develop remotely operated vehicles (ROVs) that would be deployed domestically, in an effort to reduce reliance on foreign equipment and overseas specialists. Source: Taihan Cable & Solution Under the MoU sig

” Taihan has made a number of moves to strengthen Korea’s submarine cable supply chain

“Developing high-performance ROVs domestically for submarine cable installation goes beyond simply developing equipment; it is an important initiative to strengthen the competitiveness of Korea’s submarine cable supply chain,” said Chun-won Lee, Executive Vice President of Taihan Cable & Solution

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“By securing critical long-lead equipment, we are positioning the project for efficient execution and supporting the long-term economic potential of this strategic investment for Mozambique

“These contract awards represent another important step forward for the Rovuma LNG project and reflect the strong commitment of the Area 4 co-venturers to responsibly develop Mozambique’s world-class natural gas resources,” said Johanna Boothey, Lead country manager at ExxonMobil Mocambique. “By securing critical long-lead equipment, we are positioning the project for efficient execution and supporting the long-term economic potential of this strategic investment for Mozambique