Drilling Rigs News

ADES on a Shopping Spree. Buys Two Jack-up Rigs from Valaris

Apr 28, 2022

ADES, a Middle East-focused offshore drilling company, is continuing with its April offshore rig shopping spree.After agreeing to buy four jack-up drilling rigs from Aban Offshore, and one from Maersk Drilling earlier this month, ADES has now…

Empyrean Energy 'Extremely Disappointed' as No Oil Found at 'World-class' Jade Offshore Prospect in China

Apr 27, 2022

Oil and gas company Empyrean Energy said Wednesday that its Jade offshore well in China, for which the company had high hopes, had reached total depth without encountering hydrocarbons.After years of preparations, the company started drilling…

Saudi Aramco to Keep Shelf Drilling's Jack-up Busy Until May 2025

Apr 27, 2022

Jack-up drilling rig specialist Shelf Drilling has secured a three-year contract extension for the High Island V jack-up rig with Saudi Aramco.The contract for the rig of the Marathon LeTourneau 82-SD-C design will start in direct continuation of its current contract in the Arabian Gulf…

Offshore Rig Builders Keppel O&M and Sembcorp Marine Set to Combine

Apr 27, 2022

Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making…

Transocean Nets $87,2M in Offshore Drilling Contracts

Apr 26, 2022

Offshore drilling contractor Transocean said Monday it had recently secured offshore drilling contracts worth $87.2 million in total.In its quarterly fleet status report, the company said it had won contracts for Development Driller III, Discoverer Inspiration…

License to Drill: PetroRio Gearing Up for Frade Field Drilling

Apr 26, 2022

Brazilian oil company PetroRio has received regulatory approval to drill new wells at the Frade field, offshore Brazil.PetroRio said that the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) had granted it the…

Seadrill Secures U.S. Gulf of Mexico Deals for Two Offshore Drilling Rigs

Apr 26, 2022

Offshore drilling company Seadrill has secured contracts for two of its drilling rigs, the West Neptune and the Sevan Louisiana in the U.S. Gulf of Mexico. The contracts are worth $105 million in total.The West Neptune, a 6th generation ultra-deepwater drillship…

Oslo Stock Exchange to Delist Seadrill Limited Shares

Apr 25, 2022

The Oslo Stock Exchange on Monday passed a resolution to delist the offshore drilling contractor Seadrill Limited.'The Oslo Stock Exchange considers that the shares of Seadrill Limited are no longer suitable for listing on the Oslo Stock Exchange…

Seadrill, Sonangol JV Wins 10-well Offshore Drilling Contract in Angola

Apr 25, 2022

Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…

Maersk Drilling, Noble Corp. Merger Raises Competition Concerns in UK

Apr 22, 2022

The proposed merger between offshore drilling contractors Noble Corporation and Maersk Drilling has raised competition concerns in the UK as the UK Competition and Markets Authority (CMA) has found that the merger could increase operating costs for oil and gas producers in the UK North Sea…

ADES to Buy Maersk Convincer Jack-up Rig for $42.5M

Apr 20, 2022

Danish offshore drilling company Maersk Drilling has agreed to sell its jack-up rig drilling rig Maersk Convincer to ADES for $42.5 million in cash.The benign environment offshore drilling rig is expected to be delivered to ADES after the completion…

Excellent Progress Made with Jade Well Drilling, Empyrean Says

Apr 19, 2022

Empyrean, an oil and gas company that recently started drilling at its Jade prospect offshore China, said Tuesday that the NH9 semi-submersible drilling rig was making excellent progress at the well.The company said that the rig had drilled…

Maersk Drilling's Rig Nets One-year Contract Extension at INPEX's Ichthys Field in Australia

Apr 19, 2022

Danish offshore drilling company Maersk Drilling has won a contract extension for its ultra-deepwater semi-submersible rig Maersk Deliverer with Inpex in Australia.The extension, of an undisclosed value, is for drilling services at the Ichthys field in the Browse Basin offshore Western Australia…

Aban Offshore to Sell Four Jack-ups to ADES for $106 Million

Apr 18, 2022

Indian offshore drilling contractor Aban Offshore has agreed to sell four offshore drilling rigs to ADES for $106 million in total.Aban said that its Board had, at a meeting held on March 23, approved the sale of the jack-up drilling rigs Deep Driller 2…

Keppel Terminates Clearwater, Fecon Rig Orders. Plans to Retain Payments

Apr 13, 2022

Singapore's Keppel Corporation said Wednesday said it was terminating jack-up rig construction contracts signed with an affiliate of Clearwater Capital Partners, and Fecon International, in October 2013 and February 2014, respectively.Keppel…

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