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Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays

As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will remain on stable ground during the year, enabling it to pursue new drilling assignments, with Malaysia and Southeast Asia at the heart of the firm’s growth quest. The post Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays appeared first on Offshore Energy.

First oil & gas well in US Gulf now online, second set to follow suit shortly

Beacon Offshore Energy, a Texas-based exploration and production company, has brought its initial well on stream at a field in the Gulf of America (the U.S. Gulf of Mexico) and drilled another one, which is anticipated to begin production by the end of the first quarter of 2026. The post First oil & gas well in US Gulf now online, second set to follow suit shortly appeared first on Offshore Energy.

Vitol locks in LNG supplies through 2031 with Brunei-based firm

Vitol, an energy and commodities company, has prolonged its liquefied natural gas (LNG) sale and purchase agreement (SPA) with Brunei Energy Services & Trading (BEST), ensuring LNG supplies for four additional years. The post Vitol locks in LNG supplies through 2031 with Brunei-based firm appeared first on Offshore Energy.

Worley among firms breathing life into $44 billion LNG project during early execution stage

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has taken steps to move the first phase of its liquefied natural gas (LNG) export development in Alaska from development into early execution by announcing conditional awards for pipeline construction and line pipe supply, following a multi-round bid process that began with twenty participants. As a result, Australia’s engineering player Worley is selected to provide engineering, procurement, and construction management (EPCM) services. The post Worley among firms breathing life into $44 billion LNG project during early execution stage appeared first on Offshore Energy.

Equinor’s drilling ops with Transocean rig in the clear

Equinor has secured the green light from the Norwegian authorities for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by Transocean, an offshore drilling player. The post Equinor’s drilling ops with Transocean rig in the clear appeared first on Offshore Energy.