Offshore Rigs News


Esgian: Seadrill’s Fleet Value Plunges

Oct 15, 2021

Seadrill’s creditors are now the proud owners of 24 offshore rigs. The most important question for them: what are they worth? Esgian's Hans Jacob Bassoe writes.Earlier this year, Seadrill filed for chapter 11 for the second time since 2017 and…

In a World's First, Valaris Drillship Achieves ABS Enhanced Electrical System Notation

Oct 12, 2021

Offshore drilling company Valaris said Tuesday its ultra-deepwater drillship VALARIS DS-12 had become the first vessel in the world to receive the ABS Enhanced Electrical System Notation EHS-E.Valaris upgraded the drillship's electrical system to secure the notation…

Norway: Lundin Drills Duster at Merckx Prospect in North Sea

Oct 08, 2021

Swedish oil company Lundin Energy has failed to find hydrocarbons at its Merckx prospect in the North Sea, offshore Norway.The Norwegian Petroleum Directorate said Friday that Lundin, as the operator of production licence 981 where the well is located…

Equinor Hires COSL Offshore Drilling Rig for Statfjord Øst Wells

Oct 07, 2021

Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…

Seadrill Seeks to Keep Bankruptcy Control As it Aims for Ch. 11 Exit

Oct 07, 2021

Update: This article, originally published by Reuters, has been updated to include a statement by Seadrill addressing a reported inaccuracy in its lede.Offshore driller Seadrill Ltd has requested an additional four months to retain control of its bankruptcy proceeding…

Valaris Nets Charter Extension for Jack-Up Drilling Rig in Saudi Arabia

Oct 06, 2021

Offshore drilling rig company Valaris said Wednesday it had won a contract extension with ARO Drilling for Valaris JU-36 jack-up drilling unit.The rig, formerly known as Charles Rowan, is a standard duty jack-up and will stay with ARO Drilling…

Petronas Carigali Books Velesto Jack-up Rig

Oct 01, 2021

Malaysian offshore drilling contractor Velesto has received a letter of award from Petronas Carigali for the jack-up drilling rig Naga 2.Under the contract worth $12,4 million, Petronas Carigali will use the Naga 2 rig to drill five wells.Petronas…

COSL Nets Long-term Offshore Drilling Deal with Ithaca Energy

Oct 01, 2021

Offshore drilling contractor COSL Drilling Europe has secured a long-term drilling contract with Ithaca Energy for well operations on the Abigail well and the Captain phase II development in the central North Sea, offshore the UK.COSL Drilling…

Neptune Energy Spuds Dugong Tail Wildcat

Oct 01, 2021

Oil and gas company Neptune Energy has started drilling on the Dugong Tail exploration well in the Norwegian sector of the North Sea.Neptune Energy is using the Deepsea Yantai semi-submersible rig for the operation. The same rig was used for the Dugong well last year…

TotalEnergies' Appraisal Well Offshore Suriname Fails to Deliver

Sep 29, 2021

TotalEnergies' Keskesi South-1 appraisal well in the Block 58 offshore Suriname has encountered non-commercial quantities of hydrocarbons and the well has been plugged and abandoned.The news was shared on Wednesday by APA Corporation, TotalEnergies' 50 percent partner in the offshore block…

Malaysia: Icon Offshore Wins More Work for Jack-Up Drilling Rig

Sep 29, 2021

Malaysia's Icon Offshore Berhad has said it has received a letter of award from a 'Petroleum Arrangement Contractor (PAC),' exercising drilling contract extension options for a jack-up drilling rig.The rig is owned by Icon offshore's subsidiary Perisai Offshore…

ADNOC Completes Bookbuilding for Drilling Branch IPO Raising Over $1.1B

Sep 28, 2021

State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.The offering was oversubscribed, with total gross demand amounting to more than $34 billion…

Equinor's Black Vulture Appraisal Well Disappoints

Sep 28, 2021

Norwegian oil and gas company Equinor has concluded the drilling of the Black Vulture appraisal well in the Norwegian Sea, and the well came up dry.Using Seadrill's West Hercules offshore drilling rig, Equinor drilled the well approximately…

DNO Makes Minor Oil Find at Gomez Prospect, Offshore Norway

Sep 28, 2021

Norwegian oil and gas operator DNO has made a minor oil discovery on the Gomez prospect in the North Sea, offshore Norway.The exploration well, located 14 kilometers east of the Ekofisk field, encountered hydrocarbons in the primary target in the Våle Formation of the Paleocene Age…

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