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Month: July 2022

Valaris issues fleet status update, multiple new contracts

July 29, 2022
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Floaters 540-day contract with Equinor offshore Brazil for drillship VALARIS DS-17. The rig will be reactivated for this contract, which is expected to commence in mid-2023. The total contract value is approximately $327 million, including an upfront payment totaling approximately $86 million for mobilization costs, capital upgrades and a contribution towards reactivation costs. The remaining contract value relates

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Transocean issues fleet status update, $6.2 billion backlog

July 29, 2022
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Transocean Ltd. issued a 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: Deepwater Skyros – Awarded a ten-well contract in Angola at $310,000 per day. Deepwater Invictus – Awarded a two-well contract extension in the U.S. Gulf of Mexico at $375,000 per day. Transocean Spitsbergen – For work in Norway, awarded a nine-well firm

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Stena lands 1 year deal for the Stena Don

July 29, 2022
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Stena Drilling are pleased to announce that a new contract has been signed with Shell UK Ltd. for the Mobile Offshore Drilling Unit (MODU), Stena Don. The work is due to commence in Q2 2023 for a firm scope of 365 days (1-year) with an option to extend the contract for up to an additional 1-year period in

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Oceaneering wins ROV service contract offshore Brazil

July 29, 2022
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Oceaneering International announces that its Subsea Robotics segment has been awarded a multi-year service contract supporting Petrobras projects off the coast of Brazil. This award continues to build on our success in growing our remotely operated vehicle (ROV) business in an important energy market. Oceaneering will provide survey and ROV services for AKOFS Offshore’s subsea equipment support vessel

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bp extends work with the Safe Concordia

July 29, 2022
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BP Trinidad and Tobago LLC (‘bpTT’) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations through September 2022 at Cassia C offshore Trinidad. Total value of the contract extensions is approximately USD 3.5 million. Source: Prosafe Join our mailing list here

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Shelf awarded 3 year contract from ONGC

July 29, 2022
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Shelf Drilling has received an award for a three-year contract for the C.E. Thornton jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q2 2023. Source: Shelf Drilling Join our mailing list here

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ADNOC to buy 50% stake in TotalEnergies Marketing Egypt for $200 mln

July 29, 2022
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TotalEnergies has agreed to sell a 50% stake in its TotalEnergies Marketing Egypt LLC division to United Arab Emirates company ADNOC Distribution for about $200 million, the companies said on Friday. “This move aligns with our vision to establish ADNOC Distribution as a regional leader in the fuel distribution sector,” said Bader Saeed Al Lamki, CEO of ADNOC

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DS-4 kicks off operations in Brazil

July 27, 2022
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Valaris recently announced that the DS-4 was accepted by Petrobras on July 9, and it is currently drilling at the BM-S-11 field. As a reminder back in October 2021, Valaris won a deal for the DS-4 with Petrobras for operations offshore Brazil. The contract is a minimum term of 548 days. Source: Valaris Join our mailing list here

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ADNOC Drilling confirms USD 2 billion contract award to enable delivery of Ghasha Mega-Project

July 27, 2022
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ADNOC Drilling Company has confirmed the award of contracts worth $2 billion to enable the delivery of ADNOC’s Ghasha offshore mega gas project. The contracts are valued at $1.3 billion for Integrated Drilling Services ('IDS'), and $700 million for the provision of four island drilling units, supporting acceleration of ADNOC Drilling’s medium-term revenue and earnings growth at very attractive margins. Each contract has a

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