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Month: March 2019

Offshore Drilling Makes a Comeback After Years in Shale’s Shadow

March 29, 2019
| Archives

Bloomberg: Offshore is ready for the limelight again. After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark contrast to

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JDC grabs 5 well deal for the Hakuryu 11

March 29, 2019
| Archives

  Japan Drilling Co., Ltd. agreed to provide drilling services with a jack-up drilling rig “HAKURYU-11†to certain operator based on the subcontract with PetroVietnam Drilling & Well Services Corporation who secured the drilling contract from the operator. The main terms of the drilling contract are as follows: 1. Period of Contract ：5 firm wells (approx. 300 days) + 1 option

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Shelf grabs a 3 year contract for the High Island V

March 28, 2019
| Archives

Shelf Drilling, Ltd. announced that it has secured a three-year contract for the High Island V jack-up rig in direct continuation of its current contract with the same customer. The expected availability of the rig is now March 2022. High Island V is a 1981 LeTourneau model 82 SD-C that is currently working for Saudi

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Odfjell recruits more than 200 as new rigs join fleet

March 28, 2019
| Archives

Odfjell Drilling’s business in Norway is growing as two new semi-submersibles are joining the fleet in 2019. In the next months, we will employ more than 200 operational personnel, engineers and administrative support personnel to support our growing North Sea activities. With the delivery of Deepsea Nordkapp on 7 January this year and the Management agreement entered into

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Rowan receives clearance from Saudi for combination with Ensco

March 28, 2019
| Archives

  Rowan Companies plc announced that it has received clearance from the General Authority for Competition in the Kingdom of Saudi Arabia for its pending combination with Ensco plc. As disclosed on February 21, 2019, shareholders of both Ensco and Rowan voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each

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Allseas record breaking lift with Equinor

March 26, 2019
| Archives

Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack. The processing platform lift was the heaviest lift ever performed offshore. “Now we are in the process of concluding the installation campaign for the first

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Bassoe: March Jackup Report

March 25, 2019
| Archives

March was relatively light on jackup fixtures, but several contract awards in Mexico are coming in (Borr announced two 18-month contracts) and will continue to do so over the next few months. In the Middle East, the AOD I was renewed for three years with Saudi Aramco. Utilization has surpassed 70% and is expected continue rising as Mexico,

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Awilco signs up with Keppels for a 2nd newbuild HE semi

March 25, 2019
| Archives

As we reported on March 8th “Awilco and Keppel Fels exercise HE Semi newbuild agreement“, the company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. The

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