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Month: October 2021

Keppel looks to bareboat charter more rigs in recent business update

October 29, 2021
| Archives

Keppel Corporation had a recent business update published yesterday as well as took some questions during the update call. On the update call was CEO of Keppel Corporation Loh Chin Hua and the CEO of Keppel Offshore & Marine, they both answered the following questions from Lim Siew Khee, CGS-CIMB Research. Can we hear a little bit more about your

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ROVOP secures contracts valued at $34 million

October 29, 2021
| Archives

ROVOP, a leading independent remotely operated vehicle (ROV) specialist, is on a strong growth trajectory after securing contracts valued at £25m in the last six months. The Aberdeen headquartered global business, which is marking its tenth anniversary this year, has won a diverse spread of work across offshore energy sectors in Europe, Middle East, Asia Pacific and the

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Valaris issue fleet status update with tons of new work

October 28, 2021
| Archives

Floaters VALARIS DS-9 awarded a two-year contract with ExxonMobil offshore Angola. The contract is expected to commence in June 2022. VALARIS DS-4 awarded a contract with Petrobras offshore Brazil. The contract is for a minimum term of 548 days and is expected to commence by early second quarter 2022. VALARIS DS-10 awarded two 1-well contracts with Shell

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Maersk sells harsh environment jackup for $373 million

October 28, 2021
| Archives

Maersk Drilling is pleased to announce the successful closing of the previously announced divestment of the combined drilling and production unit Mærsk Inspirer (now named Inspirer) to Havila Sirius for a price of USD 373m in an all-cash transaction. This transaction divests a non-core asset and significantly deleverages Maersk Drilling’s balance sheet. Per the terms of Maersk Drilling’s term

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Hess expects Guyana to be at 1 million bpd by 2027

October 27, 2021
| Archives

Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday. The projection comes shortly after a second floating production system arrived in the South American country’s waters. Hess added that it sees potential for up to

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Valaris lands two year contract for the DS9

October 27, 2021
| Archives

Valaris has been awarded a two-year contract with Esso Exploration Angola, an affiliate of ExxonMobil, offshore Angola for drillship VALARIS DS-9. The rig is currently preservation stacked in the Canary Islands, where it will be reactivated and then mobilized to Angola ahead of the anticipated contract commencement in June 2022. Source: Valaris Join our mailing list here

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Seadrill plans for bankruptcy exit in 60 days with approved plan

October 27, 2021
| Archives

Seadrill has announced that its Plan of Reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. Earlier this month, the Plan received overwhelming support from the Company's stakeholders. Following the Court’s approval of the Plan, Seadrill is targeting an exit of Chapter 11 proceedings in approx. 60 days. This is subject to certain customary conditions,

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Dolphin Drilling picks up marketing rights for stranded Awilco rigs

October 27, 2021
| Archives

Dolphin Drilling are pleased to announce an important step forward in securing the future of the company. In collaboration with Keppel Fels Singapore, Dolphin Drilling have the marketing rights for the KFELS Moss Maritime CS60 ECO MW Drilling Units.    The CS60 ECO MW is the latest generation harsh environment semi-submersible under construction for the mid-water segment globally including the

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