Topic
drilling
Commodities Zanskar Revives Failing Geothermal Well, Sets US Productivity Record
Geothermal company Zanskar has turned around the failing Lightning Dock power plant in New Mexico by drilling a new 8,000-foot well, making it the most productive pumped geothermal well in the US. The achievement, reported exclusively to WIRED, was enabled by AI modeling and oil-and-gas drilling technology, and it challenges assumptions about declining geothermal fields.
Commodities Noble Corporation Wins $136M Drillship Contract for Offshore Brunei Operations
Offshore drilling contractor Noble Corporation has won a $136.2 million contract to deploy the 2014-built drillship Noble Viking for an undisclosed customer in Brunei. The firm scope covers six wells with options for three more, beginning in early 2028 for approximately 296 days. The Noble Viking is currently finishing a campaign in Papua New Guinea, followed by another in Malaysia.
Commodities TotalEnergies Awards Halliburton Integrated Drilling Contract for GranMorgu Offshore Suriname
Houston-based Halliburton has secured integrated well construction contracts from TotalEnergies for the GranMorgu deepwater project in Block 58, offshore Suriname. The agreement includes drilling and completion services, with Halliburton deploying digital and automated execution to improve performance and reduce costs. First oil is expected in 2028, with production capacity of up to 220,000 barrels per day.
US Gulf of Mexico Third Offshore Lease Sale Scheduled for August Bidding
The US Bureau of Ocean Energy Management (BOEM) has scheduled its third Gulf of America oil and gas lease sale for August 12, 2026, offering about 15,100 unleased blocks across 325,367 sq km. The sale follows a weak second sale in March that drew only $47 million in high bids, significantly lower than the $280 million raised in the first sale in December 2025. The auction is part of 30 required sales under the One Big Beautiful Bill Act and Trump's Executive Order 14154.
Business Eldorado Drilling Completes $257M Acquisition of Vantage Drilling
Eldorado Drilling has completed its $257m acquisition of Vantage Drilling, creating a combined fleet of five rigs. Vantage will become an indirect subsidiary and delist from the Oslo stock exchange. The deal is funded by $125m in equity from Eldorado's principal shareholder.
Commodities ADES Deepens Saudi Presence with $285M Acquisition of Saipem’s Drilling Subsidiary
ADES has agreed to acquire Saipem's Saudi Arabian subsidiary for $285 million, adding five premium jackup rigs. The deal strengthens ADES' position in Saudi Arabia and marks its entry into Mexico, increasing its fleet to 88 offshore units and adding approximately $1 billion to its backlog.
Commodities ExxonMobil Proposes 35-Well Exploration Campaign Offshore Guyana in Stabroek Block
US supermajor ExxonMobil has proposed a new exploration and appraisal drilling campaign in the Stabroek block offshore Guyana, involving 35 wells across four prospect areas. The campaign is scheduled from 2028 to 2033, with a 28-day public consultation period opened by the Guyana Environmental Protection Agency. ExxonMobil currently produces 900,000 barrels per day in Guyana and plans to increase capacity to 1.7 million bpd by 2030.
Logistics BP Secures Noble Semisub for UK Drilling Campaign
BP has contracted Noble Corporation's semisubmersible for a UK drilling campaign. The contract, valued at up to $72.2 million, will precede a major project in Norway.
Trade Velesto secures offshore drilling contract in Thailand
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