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International Rig Count up 105 units since November 2018

December 9, 2019
| International Rig Count

Baker Hughes issued their international rig count data, here is the break down: The international rig count for November was 1,096, down 35 from the 1,131 counted in October and up 105 from the 991 counted in October 2018. Latin America is up 7 units to 196 from October’s count of 189 units and is 7 units year-over-year. The Asia-Pacific

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Shelf Drilling Secures Contract Extension on the Trident XIV

December 9, 2019
| Archives

Shelf Drilling, Ltd. announced today that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. The expected availability of the rig is now February 2021. Source: Shelf Check out our other current stories! Bassoe: Jackup ReportPirates Board a Supertanker Off Nigeria, Kidnap 19 Crew MembersStena

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Bassoe: Jackup Report

December 5, 2019
| Archives

Jackup fixtures maintain their trend as we move into the last few weeks of the year. A mix of long and short awards in the North Sea, SE Asia, and Mexico have solidified dayrates at their highest level since 2015. We expect more tenders and more contracts to follow, especially in the Middle East and SE Asia.

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Pirates Board a Supertanker Off Nigeria, Kidnap 19 Crew Members

December 5, 2019
| Archives

Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer. Nineteen crew were kidnapped and remain missing, a spokeswoman for Navios, the ship’s owner said by phone Wednesday. The incident happened late Tuesday about 77 nautical

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Stena Drilling announce new contracts in interim report

December 5, 2019
| Archives

In Stena Drilling’s latest 9 month report it is stated that they have been awarded two new drilling contracts. One is with EnQuest for the drilling unit Stena Don regarding two firm wells (90 days), commencing in February 2020. The other is with Exxon for the drilling unit Stena DrillMAX for two firm wells (140 days) plus two

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Popular News – Top 5 from this past week!

December 2, 2019
| Weekly Rundown

We had 3.7k page views this past week and the top 5 grabbed up 2k of them, below are our top 5 articles for the week of Nov 25 – Dec 1! #1 with 682 views Seadrill bags a 4 well deal for the West Carina #2 with 530 views Valaris Adds $285 Million to the Backlog with New Contracts #3

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Maersk announces more work for the fleet in Q3 update

November 27, 2019
| Archives

Maersk released their 3rd quarter trading statement and below are the highlights from the backlog section of the report: Maersk Resilient was awarded a one-well contract with IOG in the UK. The contract has since concluded. Further, Maersk Resilient was awarded a 70-day contract with Petrogas in the UK with expected commencement in March 2020. Maersk Resolute was

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Seadrill bags a 4 well deal for the West Carina

November 27, 2019
| Archives

The West Carina secured a four well contract with up to six optional wells with PTTEP, formerly Murphy, in Malaysia. Total contract value for the firm portion of the contract is expected to be approximately $47 million, inclusive of ROV services. Commencement is expected in January 2020 and running through June 2020. The options could add up

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Borr Chairman says “a strengthening market outlook for 2020â€

November 27, 2019
| Archives

  Borr Drilling Limited announces unaudited results for the three and nine months ending September 30, 2019. The Chairman of the Board, Paal Kibsgaard, commented: “The jack-up market tightened further in the third quarter, with strong tendering activity, improving dayrates and a strengthening market outlook for 2020. We continued to execute well throughout our rig operations, as well as

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