Drilling Rigs News

 

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…

West Africa's Deepwater Rig Utilization Could Triple by 2022

Oct 04, 2021

Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region.Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market…

Three More Offshore Rigs Return to U.S. Gulf of Mexico

Oct 04, 2021

U.S. energy firms [last] week added oil and natural gas rigs for a fourth week in a row as more storm-hit offshore units resumed service in the Gulf of Mexico, and as crude prices this week hit three-year highs, prompting drillers to return to the wellpad…

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…

Offshore Drilling Rigs Eyed for LNG Conversion

Sep 24, 2021

Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations.According to ADC Energy…

Insurers Bracing for $1B Hit from Hurricane Ida Damage to Offshore Facilities

Sep 03, 2021

Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic.The estimate did not include…

Hurricane Ida: All Workers Safe on Noble Corp. GoM Drillship Trio

Aug 30, 2021

Offshore drilling company Noble Corporation said Sunday that all workers aboard three of its drillships in the U.S. Gulf of Mexico were safe and accounted for following Hurricane Ida, with one of the three rigs experiencing hurricane-force conditions…

CGX to Drill Another Well in Guyana Using Maersk Discoverer Rig

Aug 30, 2021

CGX Resources has exercised an option to drill one more exploration well offshore Guyana using Maersk Drilling's Maersk Discoverer drilling rig, the Danish drilling firm has confirmed.CGX, which started drilling a week ago at its first well…

Offshore Driller Vantage Posts Q2 Loss, but Wins Big in Qatar

Aug 13, 2021

Offshore drilling contractor Vantage drilling this week posted a net loss of $29 million in the second quarter of 2021, but its CEO was optimistic on the back of several important jack-up drilling rig contracts secured recently, especially in Qatar…

Market Report: 'Transformation' on the Horizon in the Offshore Rig Market

Aug 02, 2021

The offshore drilling rig market is showing remarkable signs of recovery despite having faced severe headwinds of late. Throw the “green” rig revolution and further consolidation into the mix, and the next few years could be a period of real transformation for the industry…

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