Eldorado completes Vantage Drilling acquisition

Eldorado Drilling, a private company backed by Norwegian investors, has completed its $257.6 million acquisition of Vantage Drilling. The combination brings together Eldorado’s Atlantic Zonda, a seventh-generation drillship operating in Brazil under management by Ventura Offshore, with Vantage’s fleet of four rigs: the Platinum Explorer and Tungsten Explorer drillships, and the Topaz Driller and Soehanah jackups.

Eldorado has a separate agreement to acquire the Deep Value Driller drillship, expected to close later in 2026.

ADNOC Drilling adds to portfolio with MBPS transaction

ADNOC Drilling closed its acquisition of an 80% stake in MB Petroleum Services (MBPS), a drilling and oilfield services joint venture with MB Holding Company. The acquired portfolio comprises 22 drilling and workover rigs and production service units across the four Gulf markets of Oman, Kuwait, Saudi Arabia and Bahrain. The deal increases ADNOC Drilling’s regional rig count through JVs to 30 and brings its total fleet to 170 rigs.

MBPS will continue to operate under its CEO, Salim Al Harthy.

Expro wins 5-year extension for services in US Gulf

Expro has secured a $25 million contract extension with a global operator to continue delivering subsea completion and intervention services in the US Gulf. The agreement covers up to five years and includes the deployment of Solus, Expro’s shear and seal valve. Expro will also provide Subsea Landing String Services for the customer.

Separately, Expro recently entered a definitive agreement to acquire Enhanced Drilling, a provider of managed pressure drilling (MPD) technologies. The acquisition, valued at approximately $215 million, will add MPD capabilities to Expro’s well construction portfolio.

Weatherford to expand with NCS Multistage deal

Weatherford entered into a definitive agreement to acquire NCS Multistage, expected to close in the second half of 2026. The acquisition is expected to expand Weatherford’s well completions portfolio and strengthen its position in unconventional resource markets.

Halliburton to support Greenland exploration

Greenland Energy entered into an agreement with Halliburton for integrated well and drilling services in support of a planned onshore exploration campaign in the Jameson Land Basin, East Greenland. The operator had recently awarded a five-year contract to Stampede Drilling for the provision of an Arctic-capable rig.

Greenland Energy is targeting the spud of two exploration wells, OPW-1 and OPW-6, in October 2026. Each wellbore is planned to approximately 3,500 m.

Archer adds to subsea, rigless P&A capabilities

Archer signed an agreement to acquire isol8, a well technology company specializing in alloy-based barrier solutions and advanced materials for use in well completions, intervention and plug and abandonment (P&A).

SLB launches marketplace for digital technologies

The SLB Digital Marketplace was recently launched, designed to help energy companies rapidly discover and deploy specialized AI agents, domain models, skills, tools, data connectors and digital applications. It enables SLB, partners, independent software vendors, developers and customers to bring purpose-built digital capabilities to the energy industry through a single, governed channel. All marketplace offerings are certified against SLB standards for security, interoperability and compatibility before listing.

Delaney set to succeed Stern as OMV’s new CEO

Austria’s OMV has appointed Emma Delaney as its new CEO and Chair of the Executive Board, succeeding Alfred Stern. The appointment takes effect starting 1 September, with the initial term lasting three years, along with a potential two-year extension. Ms Delaney, currently an Executive VP at BP, will be OMV’s first female CEO.

BP simplifies organizational structure into 2 segments

BP announced a new organizational structure, which took effect on 1 July. The company is now organized around two distinct business segments – Upstream and Downstream – replacing the previous three-segment structure. Upstream brings together BP’s oil and gas regions, including exploration, development and production activities. It also includes BP’s upstream joint ventures and its renewable natural gas and CCS businesses. Gordon Birrell has been appointed Executive VP, Upstream.

3t Drilling Systems, UW renew collaboration

3t Drilling Systems and the College of Engineering and Physical Sciences at the University of Wyoming (UW) recently renewed their memorandum of understanding. The partnership enables a training center for petroleum engineers that has been operational since 2019. UW also hosts one of 20 active IADC Student Chapters around the world.

Aker BP adds computer vision technology on Odfjell semi

Aker BP is expanding its deployment of DrillDocs’ CleanSight digital shaker surveillance system across its contracted rig fleet, with the latest installation taking place aboard Odfjell Drilling’s Deepsea Nordkapp semi.

The program is part of a framework agreement for technology development and implementation that was crafted following successful validation of CleanSight on the Noble Integrator drillship, where it has reduced nonproductive circulating time and enabled rapid detection of cavings, an early warning of potential borehole instability.

By combining advanced camera technology and data science, CleanSight delivers information to drilling crews so they can react in near-real-time to events happening in the wellbore.

Kongsberg Digital changes name to Falkor

Kongsberg Digital is rebranding under the new name Falkor. At the core of Falkor’s platform is a knowledge graph that connects and contextualizes asset, system and operational data. Combined with a high-fidelity simulation and native agentic framework, it delivers real-time, physics-grounded industrial intelligence.

PRODUCTS

New SLB service aims to enhance real-time visibility

SLB launched the AlphaSight logging-while-drilling service, a multi-depth azimuthal resistivity (MDAR) technology platform.

The service features the industry’s shortest extra-deep azimuthal resistivity sensor, positioned close to the bit with integrated downhole computing. It delivers 3D multi-depth reservoir mapping and a horizontal look-ahead-while-drilling capability, providing real-time subsurface data without affecting ROP.

AlphaSight has been field-proven across the Middle East, North Sea, North America and Asia, where it has been used to improve reservoir contact and overall drilling outcomes.

SLB said the service is the first in its new Sight family of advanced measurement solutions.

EZOps mobile platform introduces new AI feature

EZOps launched EZTasks.ai, an AI feature within the EZOps Mobile Oilfield Platform that enables field workers to log tasks from voice input, pasted text or uploaded files. The feature allows personnel to speak observations or instructions directly into the platform, paste text from emails or reports, or upload documents and images. The AI will then extract and structure the relevant task information. Streamlining the process of logging tasks can be especially useful for field technicians working in high-activity environments.

IFS Zero uses agentic AI to measure emissions in real time

IFS recently launched IFS Zero, an agentic emissions operating system that provides a single, unified calculation platform for companies to measure, disclose and optimize their carbon emissions across Scope 1, Scope 2 and Scope 3 categories.

The system utilizes AI agents to automatically map sources, flag anomalies and reduce manual data collection. Unlike solutions that rely on spreadsheets or standalone reporting, IFS Zero connects directly into a user’s live operational data in the IFS Cloud. It works in sync with the broader IFS Sustainability Management module, which provides an overarching framework for enterprise-wide sustainability disclosures. IFS Zero focuses on carbon to provide granular, real-time emissions data.

Rigmaster LED series add explosion protection

Appleton has launched the Explosionproof Rigmaster LED Series Luminaires, a linear lighting source designed for hazardous locations such as drilling and offshore rigs. The explosion-proof housing ensures that any internal electrical event, such as an electrical arc, a short circuit or an overheating surface, is fully contained within the fixture and unable to propagate to the surrounding atmosphere.

Heavy-duty work boots built for industrial job site

Danner’s Ground Control is a specialized, heavy-duty work boot built for industrial, construction and workshop environments. It features full-grain leather combined with an abrasion-resistant textile and Danner Dry waterproof lining to handle varying weather conditions.

The Danner DuraGrip Outsole is made of durable TPU with a tread pattern that bolsters traction for slippery surfaces. It is offered in plain toe and steel toe, and is electrical hazard certified.