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

Author: Admin

PetroRio looks to purchase the West Capricorn from Aquadrill

May 11, 2022
| Archives

Petro Rio S.A. (“Company” or “PRIO”) informs to its shareholders and the market in general that it entered into an agreement with Aquadrill LLC (“Aquadrill”) that gives PRIO the opportunity to acquire the Capricorn semi-submersible rig (“Rig”). The semi-submersible hybrid Rig, suitable for drilling water depths of 80 to 3,000 meters, will be primary used in PRIO’s fields’

Read More...

PETRONAS awards drilling contract to Japan Drilling for work offshore Malaysia

May 11, 2022
| Archives

Japan Drilling Co. has announced that its subsidiary company 'Hakuryu 5, Inc.' and its agent in Malaysia, NABA Drilling, have agreed to provide drilling services to PETRONAS Carigali for a semi-submersible drilling rig 'HAKURYU-5' for the drilling contract awarded by PETRONAS to NABA Drilling. The main terms of the contract are as follows: 1. Operating Area :Offshore Sarawak, Malaysia 2. Period of Contract :Four (4) Firm Wells + Six

Read More...

Maersk Drilling secures extension for Maersk Developer offshore Brazil

May 11, 2022
| Archives

Karoon Energy has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has a duration of 80 days, in direct continuation of the rig’s previous work scope. The contract extension has a firm contract value of approx. USD 21m. 'We’re delighted to

Read More...

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...