Arabian Drilling Company awarded a contract to Siemens, under which Siemens is going to modernize a full drilling-drives package and cooling system on a jack-up rig in the Middle East.

Eni has signed a 15-month contract with Sapiem for an offshore drilling campaign in Mozambique, utilizing the drill-ship Saipem 12000.

A unit of KS Drilling has secured a new contract worth $6m with Egypt's Belayim Petroleum Company (Petrobel) for its jack-up rig to continue offshore drilling in Egypt, parent company KS Energy has announced.

Steven Newman is stepping step down as president and CEO of Transocean Ltd., effective Feb. 16. Additionally, he is resigning as a director of Transocean. Until a permanent replacement is named, Ian Strachan, chairman of Transocean’s board, will serve as interim CEO.