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Noble fleet utilization overall 94% with recent earnings report

November 6, 2022
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Operating Highlights and Backlog Noble’s marketed fleet of nine floaters was 96% contracted through the third quarter, similar to the legacy Maersk Drilling floater fleet which had full contracted utilization across seven marketed floaters. Contracting activity remains firm, reflecting the tight condition of the high-end drillship market segment, with leading edge dayrates for deepwater rigs well into

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BP, Exxon and Equinor part of $238 million in awards offshore Newfoundland

November 6, 2022
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The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL22-CFB01 (Eastern Newfoundland Region) and Call for Bids NL22-CFB02 (South Eastern Newfoundland Region). Both Calls for Bids were previously approved by the federal and Newfoundland and Labrador governments. The awarding of exploration licences arising from any Call for Bids is a Fundamental Decision, meaning

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La Muralla sold for $60 million

November 3, 2022
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Semisubmersible La Muralla IV sits about four miles off the coast of Tampico, Mexico after the owner LaForta filed bankruptcy.   The ten-year old, sixth-generation floater has been sold to Operadora CICSA, for the amount of USD 60 million. Source: BN Join our mailing list here

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Valaris 54 sold for $28 million

November 3, 2022
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Upon completion of its current 204 day contract extenstion Valaris announced that it will be selling the 40-year old jackup VALARIS 54 for $28.5 million, which is expected to close in March 2023 upon completion of its existing contract. Source: Valaris Join our mailing list here

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TotalEnergies fires back at Greenpeace

November 3, 2022
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In a report entitled "TotalEnergies' Carbon Footprint Doesn't Add Up" published by Greenpeace on Thursday, November 3, 2022, Greenpeace affirms, among other things, that TotalEnergies' Scope 1 emissions based on equity share allegedly exceeded 160 million tons of CO2e in 2019, whereas the Scope 1 emissions based on equity share reported by TotalEnergies for 2019 actually amounted

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Solstad awarded three new contracts

November 3, 2022
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Solstad Offshore has announced contract awards for three of its subsea construction vessels (CSV). Normand Vision has been awarded a new contract with Havfram AS for a period of 3 years firm plus option for additional 2 years, the contract will commence January 2024, in direct continuation of present agreement with Havfram. Normand Ocean has been awarded an extension and a new

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Helix Energy awarded work with Shell Brasil

November 3, 2022
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Helix Energy Solutions Group, Inc. announced a deepwater well decommissioning contract award by Shell Brasil Petroleo Ltda. (Shell Brasil). The project, located offshore Brazil in the Campos Basin, is expected to commence early 2024 for a minimum firm period of 12 months, plus customer options to extend. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira

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Seadrill JV awarded 12 well deal offshore Angola

November 3, 2022
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Seadrill has announced a new extension has been secured by Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol. Sonadrill has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day. Total contract value for the firm portion of the contract is approx. $327 million, inclusive of additional services. Commencement is expected in Q4 2022, with a firm-term

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Valaris publishes fleet status update

November 3, 2022
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Valaris has announced new contracts and extensions, rig sales and other updates since the last Fleet Status Report Floaters Three-well contract with Eni Mexico S. de R.L. de C.V. offshore Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in December 2022 and has an estimated duration of 240 days. The operating day rate is $313,500, plus a mobilization

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