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Vallourec, a company specialising in seamless tubular solutions, has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of CNOOC and PetroChina in Iraq. These contracts carry potential revenue of over US$130 million.
Gas monitoring equipment used to ensure safe operations aboard Petrodec’s ERDA rig during trailblazing project in the Southern North Sea.
Designed for manual rig environments, the technology is already making an impact in North Latin America – with potential to enhance safety across global land rigs where modern systems are still catching up.
Valaris has been awarded the contracts with Anadarko Petroleum Corp.
The vessels are being constructed for Greek shipowner Tsakos Group and will be a bare-boat charter by Brazilian energy logistics company Transpetro, supporting offshore operations in Brazil’s pre-salt oil fields.
Shelf Drilling, Ltd has announced that it has received a three-year contract award for the J.T. Angel jack-up rig with Oil and Natural Gas Corp. (ONGC) for operations in the Mumbai High, offshore India.
Innovex will retain intellectual property rights for the recently installed subsea tree orientation systems (VXTe) with the intent of licensing this technology to subsea tree manufacturers.
EnerMech has been awarded a three-year fixed term contract with a further two by two-year extension option periods by Dana Petroleum.
The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production.
Versalis, Eni’s chemical company, has announced that, as of 1 July 2025, it has transferred its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions S.r.l.
This is ADNOC Drilling's fifth major and accretive contract in just over 2 months totalling up to US$4.8 billion.
With Neotork, operators and directional drilling companies can achieve significant cost savings and improve operations, especially in increasingly challenging environments.