Reconcile Rig Availability and Mobilisation Terms Across APAC Drilling

4B oil project nears offshore installation as key equipment reaches Mexico August 21, 2026, by Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has confirmed the arrival of offshore equipment in Altamira, moving a multibillion-dollar ultra-deepwater oil development project closer to its installation campaign off the coast of Mexico. Trion equipment arrives in Mexico ahead of offshore installation; Source: SBM Offshore While anno

The list of items includes huge suction piles, chains, mooring components, and the disconnectable turret mooring (DTM) buoy, a critical element that will later be connected to the FSO Chalchi offshore Mexico. The Dutch firm emphasized: “From China to Mexico, via the Panama canal, involving impressive marine transport and offloading operations, this marks another important step as our project teams get ready for offshore installation

/Mexico maritime border, SBM Offshore disclosed that key materials and major offshore equipment for the oil project safely arrived in Altamira, Mexico. The list of items includes huge suction piles, chains, mooring components, and the disconnectable turret mooring (DTM) buoy, a critical element that will later be connected to the FSO Chalchi offshore Mexico

Beacon Minerals has more than tripled the Ore Reserve at its Iguana gold deposit in Western Australia, outlining a nine-year operation estimated to generate $841 million in undiscounted pre-tax free cash flow

The reserve update follows the completion of Beacon’s largest-ever drilling campaign

At the August 17 spot gold price of $6190/oz, Beacon estimated undiscounted pre-tax free cash flow would rise to $1

“We have also mobilised a second diamond drill rig to accelerate drilling, targeting further extensions and potentially the deeper source of this high-grade gold at Turnberry

Meeka Metals has hit visible gold 300m below its Turnberry underground resource in the Murchison region of Western Australia. Diamond hole 26TBRD010 intersected visible gold at 632

“We have also mobilised a second diamond drill rig to accelerate drilling, targeting further extensions and potentially the deeper source of this high-grade gold at Turnberry. ” The second rig arrived in mid-August and is now drilling as Meeka works to accelerate its understanding of the broader gold system

Home Fossil Energy Transocean’s 16-year-old drillship lands $300M job with India’s ONGC August 20, 2026, by Switzerland-based offshore drilling contractor Transocean has won a new long-term assignment for a 2010-built ultra-deepwater drillship with India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC). 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-deepw

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