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

Author: Admin

Northern raises arbitration cash for drillship cancellation

February 2, 2023
| Archives

The Company is pleased to announce that the Private Placement has been successfully placed, and that it has allocated 3,214,806 new shares (the “New Shares”) at a subscription price per New Share of NOK 31.00 (the “Subscription Price”), raising approx. USD 10 million in gross proceeds. The net proceeds from the Private Placement will be used to cover

Read More...

Energy services sector set to grow to $1 trillion in 2025

February 1, 2023
| Archives

Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafter. Helped by strong growth in the midstream part of the industry to liquefy, transport, and re-gasify natural gas, overall oil and gas spending will stay above $920 billion annually on

Read More...

Transocean awarded work for KG2 offshore Brazil

February 1, 2023
| Archives

Transocean Ltd. announced that the ultra-deepwater drillship, Dhirubhai Deepwater KG2, has been awarded a 910-day contract by a national oil company for work offshore Brazil. The estimated backlog of $392 million excludes a mobilization fee of 90 times the contract dayrate. The new contract is expected to commence in the third quarter of 2023. Source: Transocean Join our mailing list here

Read More...

QatarEnergy joins TotalEnergies and Eni offshore Lebanon

February 1, 2023
| Archives

TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water of Lebanon; His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and

Read More...

Ocyan puts the West Capricorn to work

February 1, 2023
| Archives

Ocyan signed an operating contract with PRIO (formerly PetroRio) for the use of the West Capricorn rig for 730 days. Activities are expected to start in August 2023. For the execution of this contract, 160 jobs are planned for Ocyan members, all in offshore positions. At the moment, the rig is in Trinidad & Tobago and will

Read More...

Seadrill Limited to acquire Aquadrill in all stock transaction

December 23, 2022
| Archives

Seadrill Limited and Aquadrill LLC announced that they have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company. The transaction values Aquadrill at an implied equity

Read More...

Nigeria launches deepwater bidding round

December 22, 2022
| Archives

The Nigerian government has launched bidding for seven deep offshore oil blocks as it calls on investors globally to bid for marked oil blocks. Recall that in October, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, during an interview with Bloomberg announced that the government plans to auction deep offshore oil and gas licences

Read More...

Shelf lands 3 year deal for two jackups with ONGC

December 22, 2022
| Archives

Shelf Drilling, Ltd. announced that it has received a three-year contract award for each of the Compact Driller and Key Singapore with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations for both contracts is Q2 2023. Source: Shelf Drilling Join our mailing list here

Read More...

TotalEnergies and Eni announce new discovery offshore Cyprus

December 22, 2022
| Archives

TotalEnergies and Eni have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the promising outlook for

Read More...