Jackup Rig News

 

Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021

May 04, 2025

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi…

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

May 02, 2025

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater…

Valaris Lifts Contract Backlog for its Drilling Rigs to $4.2B

May 01, 2025

Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its previous fleet status report published mid-February 2025.Valaris’ contract backlog, excluding lump sum payments such as mobilization fees and capital reimbursements…

Rex’s Akrake Signs Deal for Production Vessels at Seme Field off Benin

Apr 29, 2025

Akrake Petroleum, Rex International's indirect subsidiary, has signed contracts for a Mobile Production Unit (MOPU) and an Aframax tanker to be used as a Floating Storage and Offloading (FSO) unit for its Seme field, off Benin.The MOPU will be converted from a medium-sized drilling rig…

Norway Grants Drilling Permit for Aker BP’s Wildcat Well in North Sea

Apr 29, 2025

The Norwegian Offshore Directorate has granted Aker BP a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/1-14 in production license 873 B, which is operated by Aker BP, with a 47.7% working interest.Aside from Aker BP…

Noble Reports Strong Outlook, New Contracts

Apr 28, 2025

Noble Corporation has reported that its contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit…

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

Apr 24, 2025

Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has entered into a series of agreements for the funding of the drilling campaign on the Chuditch gas field, offshore Timor-Leste, which is now targeted for summer 2025…

Vantage Drilling Lines Up $80M Job for Platinum Explorer Drillship

Apr 23, 2025

Offshore drilling contractor Vantage Drilling has received a conditional letter of award (CLOA) for the Platinum Explorer ultra-deepwater drillship, valued at approximately $80 million.The CLOA, with an undisclosed client and 90-day validity period…

Strategic Marine Delivers Another Fast Crew Boat to Truth Marine Services

Apr 21, 2025

Singaporean aluminum boat builder Strategic Marine has delivered another fast crew boat (FCB) to Truth Maritime Services (TMS) in Thailand.Following the successful handover of the first two Gen 4 FCBs, TMS RANOD and TMS RAMAN, in 2024, these…

Atlantic Zonda Drillship Starts its Maiden Job with Petrobras

Apr 21, 2025

The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract.The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner…

Kim Heng’s Rebuilt Geotechnical Survey Vessel Sets Sail

Apr 16, 2025

Singapore's offshore services firm Kim Heng has held a christening ceremony for the Bridgewater Discovery, a DP2 geotechnical survey vessel, rebuilt in 2024.With the Bridgewater Discovery vessel, Kim Heng has marked another milestone in its expansion into the renewable business sector…

Norway Grants Permit for Aker BP’s Drilling Ops in North Sea

Apr 15, 2025

The Norwegian Offshore Directorate (NOD) has issued Aker BP a drilling permit for a wildcat well in the North Sea.The Permit is for wellbore 30/11-16 S in production license 873, operated by Aker BP with 47.7% working interest.Aker BP’s partners…

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Apr 11, 2025

Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has submitted environmental impact drafts for the drilling of Chuditch-2 appraisal well off Timor-Leste for public consultation.Sunda Energy…

Petrobras Extends Noble Discoverer’s Stay off Colombia

Apr 11, 2025

U.S. offshore drilling contractor Noble Corporation has secured a contract extension with Petrobras for its Noble Discoverer semis-submersible rig offshore Colombia.Petrobras Colombia has exercised, extending the contract for Noble Discoverer rig for an additional 390 days…

Zenith Energy Wraps Up Well Ops at CEP’s Field off Poland

Apr 10, 2025

Well engineering consultancy and project management firm Zenith Energy hade delivered the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) at its Wolin concession in the Baltic Sea, offshore Poland.Zenith Energy was hired to provide full well management…

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