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Borr Drilling Limited Announces U.S. IPO

July 29, 2019
| Archives

Borr Drilling Limited today announced that it has launched the initial public offering in the United States (the “Offeringâ€) of 5,000,000 of its common shares. Borr Drilling will also grant the underwriters of the Offering a 30-day option to purchase up to an additional 750,000 common shares at the initial public offering price, less underwriting discounts and commissions.

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Popular News – Top 5 from this past week!

July 29, 2019
| Weekly Rundown

Below are our top 5 articles for the week of July 22 – July 28! #1 with 736 views Record breaking Permian Basin horizontal well finished #2 with 266 views Maersk puts the ink down for the Resolute on a new contract with Perenco #3 with 206 views Popular News – Top 5 from this past week! #4 with 202 views Noble scores two

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Transocean adds new contracts, backlog sets at 11.4 bn

July 26, 2019
| Archives

Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last report Transocean added approximately $158 million in contract backlog, bringing total backlog to $11.4 billion. This quarter’s report includes the following new contracts: Transocean Barents – Awarded a three-well contract plus three

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“Called the bottom too soon†says CEO of rig owner H & P

July 26, 2019
| Archives

America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon. Three months ago, when Helmerich had 220 of its rigs hired out, Chief Executive Officer John Lindsay told investors the second quarter would be the nadir for his fleet. But after

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Record breaking Permian Basin horizontal well finished

July 24, 2019
| Archives

Drilling of the longest horizontal oil and gas well in the history of the Permian Basin was completed as oil production in the basin continued to center around shale in southeast New Mexico and West Texas. Basic Energy Services announced the well was completed in the Wolfcamp, a shale of the Delaware Basin, which sits below most of Eddy

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Sterling signs $3bn deal with Nigeria’s NNPC

July 24, 2019
| Archives

Signing ceremony of $3.15bn Financing & Technical Services Agreement between @NNPCgroup and Sterling Oil Exploration & Energy Production Company Limited (#SEEPCO) for the Development of OML -13, a 100% Equity Asset of #NPDC, @NNPCgroup‘s Upstream subsidiary, today. VIDEO 📹: Signing ceremony of $3.15bn Financing & Technical Services Agreement between @NNPCgroup and Sterling Oil Exploration & Energy Production

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Maersk bags a contract for the Resilient

July 24, 2019
| Archives

Maersk announced on their LinkedIn page this morning: Extra work! Our Maersk Resilient is now contracted to IOG to drill the Harvey appraisal well in the UK North Sea. The contract has an estimated duration of 37 days, extending to 60 days in a success case, and is expected to commence in the beginning of August. The Maresk

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Constellation Announces New Contract Awards for Alpha Star, Gold Star and Lone Star

July 23, 2019
| Archives

Constellation Oil Services Holding S.A. announced today that three of the Company’s ultra-deepwater (UDW) rigs, Alpha Star, Gold Star, and Lone Star, have been awarded new firm contracts with Petrobras S.A. (“Petrobrasâ€) for two years. The drilling activities will be performed offshore of Brazil and operations under each contract is expected to commence by January 2020. “Securing these three contracts, together with the

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