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Velesto Energy has scored a new win in Southeast Asia with a fresh offshore drilling contract for its NAGA 4 jack-up rig. The deal comes from Phu Quoc Petroleum Operating Company (PQPOC) in Vietnam, signaling Velesto’s growing presence in the regional drilling market. Over 40 Wells to Be Drilled Starting 2026 Under this newly signed […]

ADES, the Saudi-based drilling company, has renewed a long-term contract for one of its offshore jackup rigs that had been temporarily suspended by Saudi Aramco. The updated deal will run for a solid 10 years, marking a major step in restoring ADES’ fleet operations and strengthening its future revenue pipeline. Deal Worth an Estimated $290