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Maersk Drilling sells the Completer to Shelf Drilling

December 18, 2019
| Archives

Maersk Drilling has entered into an agreement with a subsidiary of Shelf Drilling, Ltd. to sell the jack-up rig Maersk Completer for USD 38m in an all-cash transaction. The transaction is subject to customary closing conditions, and the rig is expected to be delivered in January 2020. Maersk Completer, which was delivered in 2007, has been stacked in

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Devon Energy Sells Barnett Shale Assets for $770 Million

December 18, 2019
| Archives

Devon Energy Corp. today announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2020. Devon expects no incremental cash taxes associated with the

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Perenco cancels contract for the Maersk Resolute

December 18, 2019
| Archives

Maersk Drilling has received notification that Perenco is cancelling the previously announced three-well contract for the jack-up rig Maersk Resolute in the UK North Sea. OutPut previously shared the contract award here back in July. According to Perenco, the cancellation is due to the fact that the scope of Maersk Resolute’s previous contract was extended beyond the original schedule,

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Bassoe: Floater Report

December 17, 2019
| Archives

Recent fixtures have demonstrated the trend of increasing dayrates for UDW rigs. Among those to note are Transocean’s one-year contract for the semisub Development Driller III in Trinidad (early Q2 2020 start) at nearly $250,000/day. UDW drillship fixtures are coming in close to the $200,000 mark for early-2020 work now, and we expect rates to rise modestly over

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Maersk grabs three-well deal with BP offshore Trinidad

December 17, 2019
| Archives

Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago. The contract has an estimated duration of 322 days and is expected to commence in July 2020. The value of the firm contract is approximately USD 78m, including a mobilization fee.

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BHP picks up the Noble Regina Allen for 6 months

December 16, 2019
| Archives

Noble issued its latest fleet status report on Thursday with an announcement for the Regina Allen. The award was from BHP and will start in September 2020 and carry out until February 2021. The dayrate for the contract is $120,000. Source: Noble Image: Noble Check out our other current stories! Transocean awarded 1 year contract for the DD III in TrinidadPopular News

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Transocean awarded 1 year contract for the DD III in Trinidad

December 16, 2019
| Archives

Transocean Ltd. announced that the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago. The contract is expected to commence in the second quarter 2020 and will contribute approximately $91 million dollars of contract backlog, excluding mobilization reimbursement. Source: Transocean Check out our other current stories! Popular News – Top 5 from this past week!Island Drilling

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Popular News – Top 5 from this past week!

December 16, 2019
| Weekly Rundown

We had 3k page views this past week and the top 5 grabbed up 1.3k of them, below are our top 5 articles for the week of Dec 9 – Dec 15! #1 with 556 views Noble and Shell complete JV agreement for Bully I and Bully II #2 with 284 views Northern contemplates spinning off their Harsh Env rigs to

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Island Drilling picks up 1 well deal for the Innovator

December 12, 2019
| Archives

  Island Drilling Company AS is pleased to announce that the company has been awarded a Contract with OMV (Norge) AS the 12th of December, to drill one well on License 644, close to Aasgaard Field in the North Sea. In addition, a separate agreement has been signed with OMV, which applies to up to 3 option wells

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