+1(833) 396-4204 info@riglynx.com
Menu

Month: April 2022

Valaris sells 2 jackups to ADES

April 29, 2022
| Archives

Valaris Limited announced that it has sold heavy duty modern jackups VALARIS 113 and 114 to ADES Saudi Limited for a total of $125 million. VALARIS 113 and 114 are PPL Pacific Class 400 jackups, both delivered in 2012. Both rigs have been stacked in the Philippines since they completed their last contracts in late 2015. President and

Read More...

Seadrill awarded multiple contracts in the Middle East

April 29, 2022
| Archives

Seadrill Limited announced that it has been awarded three contracts by a leading operator for the West Ariel, West Cressida, and West Leda for work in the Middle East. The firm-term of each contract is three years with expected commencement between Q1 2023 and Q2 2023. Total contract value for the three contracts is approximately $404m (inclusive of mobilization revenue). Upon

Read More...

Maersk Resolute receives extension

April 29, 2022
| Archives

ONE-Dyas B.V. has exercised an option to continue employing the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The one-well contract extension is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of 75 days. The contract value of the extension is approximately

Read More...

Seadrill ticker SDRL will begin trading on Euronext Expand

April 27, 2022
| Archives

Reference is made to the stock exchange announcement published by the Oslo Stock Exchange on 26 April 2022, regarding its decision to admit the shares of Seadrill Limited (“Seadrill” or "the Company") (OSE ticker: SDRL) to trading on Euronext Expand.  The first day of trading of the Company's shares on Euronext Expand is expected to be on or

Read More...

Shelf secures 3 year extension for High Island V

April 27, 2022
| Archives

Shelf Drilling has announced that it has secured a three year contract extension for the High Island V jack-up rig in direct continuation of its current contract in the Arabian Gulf. Following this extension, the expected availability of the rig is May 2025. Source: Shelf Drilling Join our mailing list here

Read More...

Sembcorp and Keppels multibillion dollar merger

April 27, 2022
| Archives

Singapore’s Sembcorp Marine has agreed to a multi-billion dollar merger with Keppel Corp’s larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn. The lossmaking oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders. Such troubles

Read More...

Transocean issues fleet status update, holds $6.1 billion backlog

April 26, 2022
| Archives

Transocean Ltd. issued their quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Development Driller III – Awarded a one-well contract in Colombia at $331,000 per day. Deepwater Inspiration – Customer exercised a one-well option in the U.S. Gulf of Mexico at $300,000 per day. Transocean Spitsbergen – Customer exercised a one-well option in Norway at $305,000 per day. The

Read More...

Seadrill grabs up more contracts in the GOM

April 26, 2022
| Archives

Seadrill Limited announced new contract awards for the West Neptune and the Sevan Louisiana. The West Neptune has secured a four-well extension with two one-well options with LLOG Exploration Offshore, L.L.C (“LLOG”) in US Gulf of Mexico. The firm-term will commence in direct continuation of the existing contract, has an estimated duration of 200 days and is expected

Read More...

Seadrill JV Sonodrill bags 18 month contract for the West Gemini

April 26, 2022
| Archives

Seadrill Limited announced that a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”). Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value for the firm portion of the contract is

Read More...