Noble Corporation plc (NYSE: NE) has announced plans to divest two cold-stacked ultra-deepwater drillships, the Pacific Meltem and Pacific Scirocco, as part of its fleet optimization strategy. The company intends…
https://gcaptain.com/noble-corporation-to-scrap-two-ultra-deepwater-drillships/
Transocean Ltd. (NYSE: RIG) has announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico at a day rate exceeding $500,000…
https://gcaptain.com/transocean-lands-lucrative-contract-extension-for-ultra-deepwater-drillship/
Offshore drilling contractor Transocean has announced a three-year contract for its newbuild ultra-deepwater drillship Deepwater Aquila in Brazil. The contract was signed with a “national oil company for work offshore…
https://gcaptain.com/transocean-announces-486-million-drillship-contract-in-brazil/
Offshore drilling contractor Transocean (NYSE: RIG) gas announced a $518 million contract for one of its ultra-deepwater drillships off Mexico. Transocean said the contract covers 1,080 days and will contribute…
https://gcaptain.com/transocean-lands-518-million-contract-for-ultra-deepwater-drillship-in-mexico/
Last year, a drillship collided with a cargo vessel in Pascagoula, Mississippi, causing nearly $5 million in damages. The cause of the collision was found to be a deteriorated bollard…
Singaporean offshore shipbuilder Sembcorp Marine has delivered the world’s second 8th generation drillship, named Deepwater Titan, to a subsidiary of Transocean. Sembcorp Marine says Deepwater Titan, along with sister rig…
https://gcaptain.com/sembcorp-marine-delivers-second-8th-generation-drillship/
Offshore drilling contractor Valaris will reactivate another drillship after being awarded a two-year contract offshore Angola. The contract was awarded by Esso Exploration Angola, an affiliate of ExxonMobil, for use…
Offshore drilling contractor Valaris — which until a 2019 name change was called EnscoRowan — reports that on April 30, 2021, it completed its financial restructuring and emerged from Chapter 11 bankruptcy.
The group’s plan of reorganization was approved and confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on March 3, 2021.
Valaris says it now “moves forward with a strengthened capital structure, eliminating $7.1 billion of debt and securing a $520 million capital...
https://www.marinelog.com/offshore/oil-gas/offshore-driller-exits-chapter-11/
By Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR, May 12 (Reuters) – An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources...
By Mike Spector and David French April 21 (Reuters) – Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices,...