drillship Archives - Maritime Shipping News

Seadrill books Petrobras contracts worth $1.1 billion

26 December 2023

In another sign of the uptick in the offshore drilling sector, Brazil’s Petrobras has awarded Seadrill Limited a pair of 1,064-day fixed-term contracts for its drillships West Auriga and West Polaris.

Awarded in a competitive bidding process, the contracts are expected to commence in the fourth quarter of 2024 and represent a total contract value of approximately $1.1 billion, inclusive of additional services and mobilization fees. The Petrobras orders give a significant boost to Seadrill’s...

https://www.marinelog.com/offshore/seadrill-books-petrobras-contracts-worth-1-1-billion/

Valaris takes delivery of two drillships

21 December 2023

Offshore drilling contractor Valaris Limited (NYSE: VAL) reports that it has exercised its options and taken delivery of newbuild drillships Valaris DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.

President and CEO Anton Dibowitz said, “We are delighted to add these two rigs, the highest specification drillships remaining at the South Korean shipyards, to our fleet. These additions increase our drillship fleet to 13 rigs, reinforcing its position as one of the most...

https://www.marinelog.com/offshore/oil-gas/valaris-takes-delivery-of-two-drillships/

Valaris to Reactivate DS-8 Drillship for Petrobras Contract in Brazil

7 March 2023

Offshore drilling contractor Valaris will reactivate its ultra-deepwater drillship DS-8 for a three-year contract with Brazilian state-owned energy company Petrobras valued at approximately $500 million. The contract includes a $30…

https://gcaptain.com/valaris-to-reactivate-ds-8-drillship-for-petrobras-contract-in-brazil/

Drillship Breaks Moorings and Collides with Bulk Carrier in Pascagoula

13 March 2022

A drillship broke free from its moorings in strong winds Saturday and collided with a moored bulk carrier near the VT Halter shipyard and Chevron docks in Pascagoula, Mississippi. U.S….

https://gcaptain.com/drillship-valaris-ds-16-breaks-moorings/

Maersk Drillship Going for New Water Depth World Record Off Angola

22 October 2021

A Maersk drillship is going for a new drilling water depth world record in Angola. The drillship, Maersk Voyager, was awarded a contract extension this month by TotalEnergies E&P Angola…

http://feedproxy.google.com/~r/Gcaptain/~3/AJ-jPCWZ5M8/

Transocean Reaches Deal for Delayed Delivery of New Ultra-Deepwater Drillships

7 June 2021

Offshore drilling contractor Transocean announced today it has reached an agreement with Sembcorp Marine’s Jurong Shipyard on the delayed delivery of the two ultra-deepwater drillships under construction. Jurong Shipyard, located…

http://feedproxy.google.com/~r/Gcaptain/~3/-yWOzM8bSb0/

Fair (offshore) winds for the Jones Act finance market

20 May 2021

By Basil M. Karatzas, Founder, Karatzas Marine Advisors & Company

Basil Karatzas

Until recently, the offshore drilling market had the distinction of employing the most expensive assets in the maritime industry. A decade ago, eighth generation drillships cost almost a billion dollars each to build. The winds of change, however, have been taking—metaphorically—the wind off offshore drilling and in favor of the offshore wind market.

Harvesting wind is an old art, and modern land-based...

https://www.marinelog.com/offshore-wind/fair-offshore-winds-for-the-jones-act-finance-market/

Drillship Breaks Moorings in Heavy Weather in Scotland

4 February 2021

A drill ship broke its moorings at a terminal in southwest Scotland on Tuesday night and drifted into a channel before its crew was able to drop anchor and restore…

http://feedproxy.google.com/~r/Gcaptain/~3/gvNSuyXqKNE/

Drillship Fatih Makes Huge Black Sea Discovery

21 August 2020

By Selcan Hacaoglu (Bloomberg) President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the biggest ever discovery in the Black Sea, and hopes to begin production by 2023. The lira and benchmark share index both gave up gains, though, possibly reflecting...

http://feedproxy.google.com/~r/Gcaptain/~3/8ggR3fxO7yw/

Drillship Standoff Intensifies Off Cyprus

17 August 2020

(Reuters) – Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drillship would extend operations in disputed Mediterranean waters off Cyprus until mid-September. Yavuz will be accompanied by three other Turkish ships according to a maritime notice that added...

http://feedproxy.google.com/~r/Gcaptain/~3/IMwKJEsRq5Q/

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