Offshore Rigs News

Seadrill to Sell its Qatar Jack-up Fleet

May 16, 2024

Offshore drilling contractor Seadrill on Thursday announced it has reached a deal to sell its three-rig fleet of jack-ups in Qatar.The definitive agreement will see Seadrill sell the rigs West Castor, West Telesto and West Tucana, as well as…

ABL and Integrity HSE Form Rig Inspection Alliance

Jan 15, 2024

Norwegian company ABL and Aberdeen-based health and safety consultancy Integrity HSE have formed strategic partnership to reinforce their rig inspection services.ABL’s rig inspection service offering will be enhanced with Integrity HSE’s tailored…

The Rig Market: What’s in Store in ’24?

Dec 20, 2023

2023 has been another noteworthy year for the rig market’s ongoing recovery, with a 3% increase in global marketed utilization versus 2022, a demand increase of 29 rigs, a 7% uptick in average contract duration, 16 further reactivations and newbuild deliveries…

Borr Drilling Jack-Up Rig Slated for Work Offshore Africa

Dec 18, 2023

UK oil and gas company Tower Resources has hired Borr Drilling’s Norve jack-up rig for the drilling campaign offshore Cameroon in central Africa. The Norve jack-up rig, part of Borr's fleet of high-specification drilling units, will be put to…

Seatrium Delivers New Jackup Rig to ADNOC Drilling

Aug 22, 2023

Singaporean shipbuilder Seatrium New Energy, formerly Keppel FELS, on Tuesday announced it has delivered a new jackup rig to the UAE's ADNOC Drilling.The rig, named AlSila, is among five that Seatrium had been building for Borr Drilling. In 2022…

Diamond Offshore's Ocean Apex Starts Drilling off Australia

Aug 21, 2023

Offshore drilling contractor Diamond Offshore announced its semisubmersible rig Ocean Apex has commenced a two-well drilling campaign for Woodside Energy in Australia.The rig recently underwent a five-year special periodic survey at the Seatrium…

Borr Drilling Secures Jack-up Contract Extension

Jun 23, 2023

Offshore drilling contractor Borr Drilling announced it has secured a contract extension for its jack-up drilling rig Mist from Valeura Energy in Thailand.The contract extension covers a firm term of 9 months starting in direct continuation…

Dolphin Drilling Acquires Two Semi-sub Rigs From Transocean

Jun 22, 2023

Oslo-based offshore drilling contractor Dolphin Drilling announced Thursday it had reached a deal to acquire two semi-submersible drilling rigs, the Paul B. Loyd Jr. and the Transocean Leader from Transocean for a total of $61.5 million (plus an additional $3 million)…

Seadrill Sells Three Tender-assist Units for $85 Million

Jun 21, 2023

Offshore drilling firm Seadrill on Wednesday announced it has agreed to sell three tender-assist units to Singapore's Energy Drilling Pte Ltd for a total of $85 million in cash.The units are the semi-tender West Vencedor and tender rigs T-15 and T-16…

African Floating Rig Market Close to Sold Out

May 01, 2023

A noticeable recovery in the West African offshore floating rig market (semisubmersibles and drillships) has been slower to arrive than the other two points of the Golden Triangle – Brazil and the US Gulf of Mexico – but now appears to be well underway…

Vahana Aryan Becomes First Jack-up Unit to Receive DNV's Abate-Ready Notation

Apr 05, 2023

Dubai-based Vahana Marine Solutions DMCC's Vahana Aryan vessel has become the first jack-up unit to receive DNV’s Abate-Ready notation. According to DNV, the Abate notation is designed to assist the owners and operators of offshore units to…

APA Corp to Drop a North Sea Rig as Tax Rate Bites

Feb 23, 2023

U.S. oil and gas producer APA Corp on Thursday said it planned to drop a drilling rig in the North Sea as recent increases to tax rates have made its operations there less competitive.Britain last year announced plans to boost windfall taxes…

Well-Safe Solutions, Apache in Multi-year Offshore Well Decommissioning Deal

Feb 15, 2023

Offshore decommissioning firm Well-Safe Solutions and oil firm Apache Corporation have signed a multi-year framework agreement to plug and abandon wells in the North Sea.The deal provides Apache with access to Well-Safe Solutions' decommissioning rigs…

Aquadrill Clinches $138M Charter for Capella Drillship

Nov 23, 2022

Aquadrill, formerly Seadrill Partners, has agreed to supply its Capella drillship for a four-well firm contract, plus two priced and three mutually agreed upon optional wells, for operations in Indonesia.The firm part of the contract is expected to have a total value of about $138 million…

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