Drilling Rigs News

 

Seadrill Gets Court Approval to Cut Debt, Exit Bankruptcy

few minutes ago

Offshore driller Seadrill Ltd on Tuesday obtained court approval for its reorganization plan, clearing the way for it to emerge from bankruptcy.U.S. Bankruptcy Judge David Jones in Houston signed off on the plan during a virtual hearing. Under the plan, creditors will exchange $4.9 billion in debt for equity in the company. Seadrill will also raise $350 million in new financing.Represented by Kirkland & Ellis…

BW Energy to Buy Aquadrill's Drilling Rig and Convert It into Production Floater

Oct 25, 2021

Oslo-listed oil and gas company BW Energy has agreed to buy the semi-submersible drilling rig 'Leo', from Aquadrill, a Seadrill affiliate, to use as a production unit for offshore field development in Namibia.Leo (ex-West Leo) is a 6th generation…

Dana Petroleum Books Island Drilling Offshore Rig for UKCS Well

Oct 25, 2021

Oil and gas company Dana Petroleum has awarded Island Drilling a one-well drilling contract for the offshore drilling rig Island Innovator.The contract for the 6th generation harsh environment drilling rig will start in April 2022.  Dana has…

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Oct 25, 2021

ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with 'a major rig owner' that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5…

Lamprell to Convert BW Energy's Jack-Up Rig into Production Unit

Oct 25, 2021

Lamprell, a company building large structures for the offshore energy industry, has won a rig conversion contract with the Oslo-listed oil and gas company BW Energy (BWE).The scope of work involves the conversion of BWE’s Hibiscus Alpha jack-up rig into an offshore production facility…

Wellesley Gets Drilling Permit for North Sea Well

Oct 21, 2021

Oil and gas company Wellesley Petroleum has received regulatory approval from Norwegian Petroleum Directorate to drill an exploration well in the North Sea, off Norway.The well, formally named well 36/1-4 S, will be drilled using Dolphin Drilling's Borgland Dolphin semi-submersible drilling rig…

Petrobras Hires Valaris DS-4 Drillship

Oct 20, 2021

Offshore drilling company Valaris has won a drilling rig contract with the Brazilian oil firm Petrobras offshore Brazil.The contract is for the drillship Valaris DS-4, for operations offshore Brazil. The contract is for a minimum term of 548 days…

Northern Drilling Cancels Another Drillship Order with DSME

Oct 18, 2021

Billionaire John Fredriksen-owned offshore drilling company Northern Drilling has canceled another drillship order with South Korea's Daewoo Shipbuilding & Marine Engineering.After canceling the order for the West Aquila drillship in August…

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…

TotalEnergies Drilling World's Deepest Offshore Well Using Maersk Voyager Drillship

Oct 15, 2021

French oil major TotalEnergies has exercised an option for Maersk Drilling's drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days,…

Maersk Drilling to Provide Rigs for Danish Carbon Storage Project

Oct 14, 2021

Danish drilling contactor Maersk Drilling has been selected as the preferred supplier of drilling rig services for the Greensand offshore carbon storage project offshore Denmark.The framework agreement for drilling rig services has been signed with the Nini Joint Venture…

Aquadrill Nets Two-well Offshore Drilling Deal in Indonesia

Oct 13, 2021

Offshore drilling firm Aquadrill - ex-Seadrill Partners - has secured a contract for its Capella drillship in Indonesia.The MPD outfitted 6th generation drillship, managed by Vantage Holdings International, will drill two wells, with an option for two more…

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…

IOG's Southwark Drilling Hits Snag as Issue Found on Jack-up Rig's Leg

Oct 11, 2021

UK-based oil and gas company IOG said Monday there had been an issue with one of the legs on the Noble Hans Deul jack-up drilling rig which recently moved to drill a well at its Southwark offshore field in the Southern North Sea.'Over recent…

Watch Out Offshore Drillers! Oil at $80 Feels a Lot Different This Time Around

Oct 07, 2021

Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while, Esgian's Teresa Wilkie writes.Last week Brent crude touched $80 per barrel for the first time in three years…

Current News

Iberdrola's Net Profit Falls 10% on High Energy Costs, Taxes

Iberdrola's Net Profit Falls 10% on High Energy Costs, Taxes

Seadrill Gets Court Approval to Cut Debt, Exit Bankruptcy

Seadrill Gets Court Approval to Cut Debt, Exit Bankruptcy

Equinor Posts Strongest Quarterly Result in Nine Years

Equinor Posts Strongest Quarterly Result in Nine Years

Liza Unity FPSO Reaches Guyana

Liza Unity FPSO Reaches Guyana

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