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Month: June 2022

Noble sells 5 jackups to Shelf ahead of Maersk merger

June 29, 2022
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Noble Corporation announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary of Shelf Drilling, Ltd. whose obligations under the asset purchase agreement will be guaranteed by Shelf Drilling. The sale, which is subject to approval of the UK Competition and Markets Authority, is

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Ocean Oilfield gets 2 year extension on the B152

June 29, 2022
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Ocean Oilfield Drilling together with its partner Dhabi Drilling are glad to announce the contract extension for Jack Up Rig B152 in the Arabian Gulf for another 2+1 years with ADNOC & Abu Dhabi Oil Co., Ltd. (ADOC). Ocean Oilfield Drilling is committed to continue delivering world class service to its clients whilst keeping safe and efficient

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Maersk lands contract with Shell for the Resilient

June 29, 2022
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Maersk Drilling has secured a contract from Shell UK for the provision of the harsh-environment jack-up rig Maersk Resilient for the drilling of the Pensacola well in the UK sector of the North Sea. The contract is expected to commence in the second half of 2022, in direct continuation of the rig’s previous work scope with Nederlandse Aardolie Maatschappij (NAM), with an estimated duration

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Borr sells off 3 high spec jackups under construction for $320 million

June 29, 2022
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Borr Drilling has signed a binding letter of intent with an undisclosed third party for the sale of 3 high-specification units under construction with Keppel FELS shipyard – namely 'Tivar', 'Huldra' and 'Heidrun' (the 'Transaction Rigs'). The sale transaction is subject to customary closing conditions and procedures and is expected conclude within 30 days. The Transaction Rigs are expected to be employed

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Lebanon extends second licensing round

June 23, 2022
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The deadline for oil and gas companies to submit bids for the Lebanon Second Licensing Round has been extended until 15 December 2022. The PGS Lebanon 3D Vision and MC2D data cover all eight blocks on offer.  PGS has seismic data coverage for all eight blocks in the second offshore license round for Lebanon. Following a request by the Lebanese Petroleum Administration, the

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Well-Safe solutions will deploy the Protector for P&A work in North Sea

June 23, 2022
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Well-Safe Solutions have been contracted by Ithaca Energy to plug and abandon (P&A) six wells on the Anglia Platform in the Southern North Sea, approx. 55km from the UK mainland. The contract – for an undisclosed sum – will see the Aberdeen-based well decommissioning specialists provide project management, well engineering and all managed delivery services for the project. The Well-Safe Protector harsh environment jack-up rig is

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DOF lands 3 vessel extension with Petrobras worth $100 million

June 23, 2022
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DOF Subsea is proud to announce the extension of the four PIDF Contracts with Petrobras. These extensions will demand a fleet of at least 3 vessels operating for 18 months, to the end of 2023 and in direct continuation to the original schedule performing flexible pipelines, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field and Espírito Santos

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Seadrill gets $361 million worth of extensions for Arabian Gulf trio

June 23, 2022
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Seadrill has been awarded contract extensions for the AOD I, AOD III and West Callisto for work offshore in the Arabian Gulf. The firm term of each contract is three years with commencement in direct continuation of the current contracts. AOD I, AOD III and West Callisto are now committed to June 2025, December 2025 and November 2025, respectively.  Total contract value for

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Saipem awarded early stage engineering for Gato do Mato FPSO

June 16, 2022
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Saipem has been recently awarded a limited notice to proceed (LNTP) by BW Offshore SPV PTE Ltd, for the early-stage engineering services for the supply of an FPSO (Floating Production Storage and Offloading) unit to be then provided to Shell and its partners for the development of the Gato do Mato oil and gas field located approx. 200 km offshore Brazil in

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