India’s ONGC Plans $10B Offshore Drilling Drive, Eyes 87 Wells by 2031
India's Oil and Natural Gas Corporation aims to invest INR1 trillion ($10.51 billion) over five years to explore its local deepwater and ultradeep water fields, Chairman A.K.
drilling
Arabian Drilling Reports Q2 Revenue Decline on Rig Suspensions
Arabian Drilling reported first-half 2026 revenue of SAR1.59 billion ($423 million), down 10.6 per cent year on year due to offshore rig suspensions. Second-quarter revenue fell seven per cent quarter on quarter to SAR765 million, although the decline was narrower…
Noble’s 2014-Built Jack-up Rig Scoops up New P&A Job With ConocoPhillips
Noble Corporation, a U.S.-based offshore drilling giant, has lined up a new assignment for a 12-year-old jack-up rig off the coast of Norway with ConocoPhillips Skandinavia, a subsidiary of the U.S.-headquartered energy company ConocoPhillips.
US Proposes Updates to Arctic Offshore Drilling Regulations
The US Department of the Interior has proposed revisions to federal regulations governing exploratory oil and gas drilling on the Arctic outer continental shelf. Announced on August 3 through the Marine Minerals Administration, the proposal would update provisions introduced under…
IEA Chief Urges EU to Drop Arctic Drilling Ban
The head of the International Energy Agency has publicly called on the European Union to reconsider its ban on oil and gas drilling in the Arctic, lending weight to Norway's campaign to open its far northern waters to exploration.
US Oil Drilling Picks Up As Brent Gains 4%
US oil and gas drilling activity edged higher over the past week, coinciding with a sharp rally in crude prices, according to figures released by Baker Hughes on Friday.