Jack Ups News


Busy Year Ahead for Offshore Drilling Rigs: Global Marketed Utilization to Average 95%, Dayrates Grow

Jan 26, 2023

Rig activity stood out in several regions in 2022, and there is no reason to expect anything different in 2023, Westwood Energy's Terry Childs writes.In 2022, offshore rig activity for both jack-ups and floating rigs was robust in several key regions of the world. Global marketed jack-up utilization increased from 87% in January to 91% in December. In January, 367 of 423 marketed units were contracted or committed for work…

Seajacks Jack-ups Win New Contracts, Extensions

Jan 25, 2023

Eneti said Thursday that its subsidiary Seajacks had signed two new contracts in northwest Europe.Seajacks operates self-propelled jack-up vessels, which provide offshore installation services for offshore wind and oil and gas industries.Eneti…

Borr Drilling Nets Deals for Two Jack-ups. Adds 2,030 Days to Backlog

Dec 30, 2022

Offshore drilling firm Borr Drilling said Friday it had secured new contracts for two of its premium jack-up drilling rigs. 'These awards increase the company's backlog by approximately 2,030 days, excluding optional periods,' Borr Drilling said…

CIMC Orders NOV Design, Equipment for Havfram's Offshore Wind Installation Vessel

Dec 21, 2022

NOV has signed contracts with China's CIMC Raffles to design and equip a self-propelled wind turbine installation jack-up vessel for the Norwegian offshore wind services company HavframNOV, until recently known as National Oilwell Varco, will…

ADNOC Drilling Takes Over First of Three Jack-up Rigs Originally Ordered by Borr Drilling

Nov 24, 2022

Singapore's Keppel Offshore & Marine has delivered the first of three newbuild jack-up drilling rigs to UAE-based ADNOC Drilling.The three rigs were part of a series of five rigs that Keppel FELS had been building for Borr Drilling. Keppel O&M…

CIMC Nets 3-Year Extensions for Jack-up Rig Duo in Mexico

Nov 23, 2022

China-based CIMC’s Asset Management Company has secured three-year contract extensions for two jack-up drilling rigs in Mexico.The rigs, Gulf Driller VI and Gulf Driller VIII , will continue working for the Mexican national oil company Pemex…

ADNOC L&S Acquires Zakher Marine International. Adds 24 Jack-ups, 38 OSVs to Fleet

Nov 17, 2022

ADNOC Logistics & Services, the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) has completed the acquisition of Zakher Marine International (ZMI), adding 24 jack-up barges and 38 offshore support vessels to its fleet…

Saipem Expands Jack-up Rig Fleet with Another CIMC Unit

Nov 16, 2022

Ocean Challenger, the asset management company owned by the Chinese offshore rig builder CIMC, said Wednesday it 'has tied new knots' with the Italian energy services firm Saipem to deploy the 300-foot jack-up rig Gulf Driller IV in the Middle East…

Arabian Drilling Co Shares Up 18% on Market Debut

Nov 07, 2022

Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…

GMS Wins Contracts for Three Jack-ups at 'Improved' Day Rates

Nov 03, 2022

GMS, a UAE-based owner of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has secured two new contracts and a contract extension. One of the new contracts is for a large-class vessel, while the other is for a small-class vessel…

Seadrill Wraps Sale of 7 Jack-up Drilling Rigs to ADES

Oct 19, 2022

Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed sale of seven jack-up drilling rigs to ADES in Saudi Arabia.The two companies announced the initial sale and purchase agreement on September 1. With the sale now completed…

ADES to Buy 7 Jack-up Rigs from Seadrill

Sep 01, 2022

Offshore drilling firm Seadrill has signed a deal to sell seven jack-up drilling rigs in Saudi Arabia to ADES.Upon completion of the sale the rigs AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will be owned by ADES…

ADNOC L&S Wins $1.17B Contract for 13 Jack-up Barges

Aug 12, 2022

Abu Dhabi National Oil Company (ADNOC) on Thursday awarded a $1.17 billion (AED4.3 billion) contract to  ADNOC Logistics & Services (ADNOC L&S) for the hire of 13 self-propelled jack-up barges.ADNOC said the jack-ups would help it drive offshore…

Borr Drilling Finds Buyer for Three Under-construction Jack-ups

Jun 27, 2022

Jack-up drilling rig owner Borr Drilling has signed a binding letter of intent with an unnamed buyer for the sale of three high-spec jack-up drilling rigs currently under construction with Keppel FELS shipyard for $320 million.Borr Drilling…

Noble Corp. Finds Buyer for Five North Sea Rigs, Paving Way for Maersk Drilling Merger Completion

Jun 23, 2022

Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…

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