Noble Corporation plc (CSE: NOBLE, NYSE: NE) has finalized its $1.59 billion acquisition of Diamond Offshore Drilling, Inc., strengthening its position in the offshore drilling industry. The merger, announced in…
offshore drilling
Borr Drilling gets new contract commitments for three jack-up rigs
In a sign of the continuing uptick of offshore drilling activities in a number of regions, Borr Drilling Limited [NYSE and OSE: BORR] today reported new contract commitments for three of its premium jack-up rigs, the Arabia I, the Gunnlod and the Norve. The commitments cover a total of 1,779 days and $332 million in contract revenue, including mobilization and demobilization compensation.
The Arabia I, which had its work scope suspended earlier this year in Saudi Arabia has secured a new...
Transocean Fleet Update Reflects Rise in Offshore Drilling Dayrates
Offshore drilling contractor Transocean has issued its quarterly Fleet Status Report detailing contract updates for its offshore drilling rigs. The report reveals an incremental backlog of approximately $656 million during…
https://gcaptain.com/transocean-fleet-update-reflects-rise-in-offshore-drilling-dayrates/
Valaris Secures $498 Million Contract with Equinor for Offshore Brazil Project
Valaris Limited (NYSE: VAL) has announced a significant multi-year contract in Brazil with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA, for its ultra-deepwater drillship VALARIS DS-17. The…
https://gcaptain.com/valaris-secures-498-million-contract-equinor-brazil/
Transocean Lands Lucrative Contract Extension for Ultra-Deepwater Drillship
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/
Seadrill Sets New Record with Cycle-High Dayrate of $545,000
Offshore drilling contractor Seadrill Limited (NYSE & OSE: SDRL) reported a record dayrate of $545,000 for a one-well contract in the first quarter of 2024, the highest in the current…
https://gcaptain.com/seadrill-sets-new-record-with-cycle-high-dayrate-of-545000/
US Key to Philippines’ Plan to Tap Oil, Gas in South China Sea
By Andreo Calonzo and Manolo Serapio Jr. Mar 10, 2024 (Bloomberg) –The Philippines is counting on the US and its allies to play a crucial role in its plans to explore…
https://gcaptain.com/us-key-to-philippines-plan-to-tap-oil-gas-in-south-china-sea/
Rig Safety Dispute Leads to Contract Termination Off Equatorial Guinea
Trident Energy and its partners Panoro Energy and Kosmos Energy have terminated the contract for the Island Innovator semi-submersible drilling rig off the coast of Equatorial Guinea due to alleged…
https://gcaptain.com/rig-safety-dispute-leads-to-contract-termination-off-equatorial-guinea/
President Biden’s Offshore Drilling Leases Plan Faces Legal Challenges
Feb 12 (Reuters) – Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico. The petitions to a U.S….
https://gcaptain.com/president-bidens-offshore-drilling-leases-plan-faces-legal-challenges/
Diamond Offshore Reports Equipment Failure Involving ‘Ocean GreatWhite’ Semi-Submersible
Offshore drilling contractor Diamond Offshore Drilling has confirmed an equipment failure involving its semi-submersible rig Ocean GreatWhite in the UK. The incident occurred February 1, 2024 while on contract with…