News
July 29, 2026
Keppel will monetize up to 10 legacy offshore rigs through a new Apollo-backed investment fund, expanding its offshore asset management platform while capitalizing on strengthening rig market fundamentals.
News
July 28, 2026
PetroChina is reportedly weighing the sale of part of its stake in LNG Canada to help finance the project's planned Phase 2 expansion, as growing geopolitical tensions reinforce demand for new LNG export capacity.
News
July 22, 2026
Velesto Energy has secured a $51 million integrated rig, drilling and completion (i-RDC) services contract from Chevron Malaysia to support the 2026–2028 North Malay Basin Full Field Development campaign using the NAGA 8 jackup rig offshore Malaysia.
News
July 17, 2026
PETRONAS Carigali has signed a third joint development agreement with Tridiagonal.ai and IBM Malaysia to expand its TriCipta AI initiative, advancing AI-driven production optimization, maintenance reliability and asset integrity across upstream operations.
News
July 13, 2026
Unity has entered the Asia-Pacific market after securing its first Malaysia rigless well intervention and P&A contract. Partnering with Reservoir Link, the company will deploy its Surface Intervention System on a three-well offshore campaign aimed at reducing intervention costs and supporting mature asset decommissioning.
News
July 10, 2026
Noble has secured a $136.2 million contract for its Noble Viking drillship to drill six offshore wells in Brunei, extending the rig's backlog through the fourth quarter of 2028.
News
July 10, 2026
Aesen and Topline Group have formed Aesen Topline Offshore Corp., a joint venture that will provide offshore logistics, maritime support and project management services for offshore energy and marine infrastructure projects in the Philippines.
News
July 09, 2026
SLB OneSubsea has won a contract from Eni North Ganal to engineer, procure and manufacture a 94.6-km steel tube umbilical system for the Kutei North Hub deepwater development offshore Indonesia, one of the largest umbilical awards in the industry.
News
July 09, 2026
Eni and Halliburton have completed the industry's first deployment of integrated closed-loop rig automation and managed pressure drilling on a deepwater exploration well offshore Indonesia, improving drilling efficiency by more than 15%.
News
July 06, 2026
Indonesia Energy Corp. has begun operations on the K-29 well at its Kruh Block in Indonesia, marking the start of a two-well drilling campaign as the company advances plans to expand development across the block.
News
July 02, 2026
TotalEnergies has agreed to sell its minority interest in Malaysia's Marjoram gas field to INPEX for $350 million, continuing its strategy of optimizing its upstream portfolio while focusing on operated, low-cost gas developments in Southeast Asia.
News
June 22, 2026
Perenco has advanced the Su Tu Trang Phase 2B development offshore Vietnam with a new gas sales agreement, paving the way for a project expected to deliver more than 600 Bcf of natural gas and support the country's growing energy needs.
News
June 19, 2026
Valeura Energy has completed an eight-well drilling campaign at the Nong Yao field offshore Thailand, including its first multi-lateral well and a record-setting horizontal lateral, increasing production to approximately 10,500 bopd.
News
June 10, 2026
Indonesia Energy Corporation remains on schedule to spud the K-29 well at its Kruh Block asset in Indonesia later this month after completing rig installation, safety inspections and key pre-drilling preparations.
News
June 10, 2026
EnQuest has agreed to acquire interests in four offshore Malaysia production-sharing contracts for up to $833 million, adding approximately 57,400 boed of production and increasing group reserves by 85% as it expands its Southeast Asia portfolio.
News
June 04, 2026
Velesto has secured a contract from Northern Gulf Petroleum to provide the NAGA 6 jackup rig for a drilling campaign in the Gulf of Thailand, including four infill wells and three exploration wells.
News
May 20, 2026
bp has signed three production sharing contracts in Indonesia, expanding its upstream portfolio near the Tangguh LNG project in Papua Barat and adding participation in the Barong block offshore East Java.
News
May 01, 2026
Direct Travel has expanded its Avenir business travel platform across energy, marine and mining markets, supporting workforce mobility and complex travel logistics for global operations.
News
May 15, 2026
The U.S. and China called for reopening the Strait of Hormuz following talks between President Donald Trump and Chinese President Xi Jinping, though negotiations over the Iran conflict remain deadlocked as oil prices continue climbing.
News
May 15, 2026
Velesto Energy has secured its first asset-light offshore drilling contract from Hibiscus Oil & Gas Malaysia, covering jackup rig services for plug and abandonment and exploration wells offshore Malaysia.
News
May 14, 2026
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts to reopen the Strait of Hormuz as Gulf shipping disruptions and vessel security incidents continue to pressure global oil and LNG markets.
