For March we had over 44k article views, here are the top 5!
Deepwater was king this month with news from Noble, Pacific, Dolphin, Apache, Total, Vantage and Seadrill
Thanks for reading with us and we wish you a great April!
Stay safe!
Noble Drilling and Pacific Drilling Announce Merger
Noble Corporation and Pacific Drilling Company LLC announced today that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. The definitive merger agreement was unanimously approved by each company's Board of Directors.
Noble Drilling and Pacific Drilling Announce MergerBolette Dolphin sold for $85 million to Deep Value Driller AS
This was reported via Fernley Securities as the proceeds from the private placement will be used for the acquisition of the ultra-deepwater drillship formerly known as “Bolette Dolphin” and strategically positions the company towards the expected offshore drilling market recovery.
Bolette Dolphin sold for $85 million to Deep Value Driller ASApache and Total stop drilling offshore Suriname due to blowout risk
As drilling progressed, the well encountered substantial pressure increases that APA and Total determined could ultimately exceed the capabilities of the wellbore design and pressure control equipment.
Apache and Total stop drilling offshore Suriname due to blowout riskDeepwater to have record growth in coming years
Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a Rystad Energy report shows.
Drilling activity is set for two consecutive years of growthVantage Drilling and Seadrill Partners finalize agreement on management of SDPL floaters
Vantage Drilling International (“Vantage”), announced that it has entered into a Framework Agreement and related Management and Marketing Agreements with Seadrill Partners LLC (“Seadrill Partners”) under which Vantage’s subsidiaries will provide operating, management and marketing services to Seadrill Partners and its subsidiaries in respect of four of their deepwater floaters.
Vantage Drilling and Seadrill Partners finalize agreement on management of SDPL floatersJoin our mailing list here
