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Month: August 2022

Aquadrill announce new contract for the Auriga

August 15, 2022
| Archives

Aquadrill has extended the charter hire agreement for the Auriga rig with a subsidiary of Diamond Offshore Drilling (the 'Manager') after reaching an agreement on the one year mutually agreed option in the current underlying drilling contract. Under the terms of the extension, the Auriga will be provided for a one year drilling contract plus a one year mutually agreed option for

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Maersk awarded contract extension for the Interceptor

August 15, 2022
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TotalEnergies EP Denmark A/S has exercised an option to add two months to the accommodation services work scope for the jack-up rig Maersk Interceptor in the Danish North Sea. The contract extension will commence in November 2022, in direct continuation of the rig’s current contract. Two two-month options remain on the contract. Source: Maersk Join our mailing list here

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Saipem awarded $900 million in EPC contracts

August 11, 2022
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Saipem has been awarded three new contracts (one onshore and two offshore) by the New Gas Consortium composed by two wholly owned subsidiaries of Azule Energy (Eni Angola Exploration B.V. and BP Exploration (Angola) Limited), Sonangol P&P, Chevron, TotalEnergies, for the Engineering, Procurement and Construction (EPC) activities relevant to the Quiluma & Maboqueiro fields development project off

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Diamond bags multiple floater contracts

August 11, 2022
| Archives

Diamond Offshore announced contract awards for the harsh environment semisubmersible Ocean GreatWhite in the U.K. North Sea, the semisubmersible Ocean Apex in Australia, and two 7 th generation drillships - the Ocean BlackHornet and a Diamond-managed rig - in the U.S. Gulf of Mexico. These new contracts added approximately $610 million of backlog for the Company. The

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Borr Drilling heads to NYSE

August 11, 2022
| Archives

Borr Drilling Limited announced that it plans to make a public offering of $250,000,000 of its common shares in the United States. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to $25,000,000 of additional common shares.  No securities in the NYSE offering will be offered or listed on

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Noble awarded $420k per day contract from LLOG in GOM

August 11, 2022
| Archives

Noble announced their 2nd quarter results and their floater fleet was 100% contracted in the second quarter. The Noble Faye Kozack was awarded a one-well contract with LLOG for work in the U.S. Gulf of Mexico at a rate of $420,000 per day. The contract includes managed pressure drilling services and is expected to commence in late 2022 or

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ADNOC awarded 8 rig contract, over 15 year duration

August 8, 2022
| Archives

ADNOC announced two contracts totaling more than $3.4 billion (AED12.6 billion) have been awarded to ADNOC Drilling to hire 8 jack-up offshore rigs. The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion) respectively, awarded by ADNOC Offshore, will support the expansion of ADNOC’s crude oil production capacity to five million barrels

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Borr awarded work for the Prospector 5

August 8, 2022
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Borr Drilling announced it has received a binding Letter of Intent (“LOI”) for the premium jack-up drilling rig “Prospector 5” from an undisclosed operator in West Africa. The 6-well firm program is expected to commence during Q4 2022 and has an estimated duration of fourteen months plus options. This LOI, which is expected to be converted into a

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International Rig Count up 82 units from last year

August 8, 2022
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for June is 833, up 9 units from the count in June and up 82 units from the 751 counted in July 2021. Latin America is up 3 units to 163 from the June count of 160 and is up 29 units year over year. The Asia-Pacific

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