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Northern says “Drilling contractors are finally showing a more disciplined approached in contract tenders†during Q1 results

June 2, 2019
| Archives

Highlights – First Quarter • Secured drilling contract for West Bollsta with Lundin Norway AS with expected commencement Q2 2020, adding backlog of approximately $200 million • Wintershall Norge AS exercised the third front end option for West Mira Subsequent Events • Exercised option to purchase Cobalt Explorer for $350 million and flexible delivery schedule into Q1

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Maersk Resilient grabs work with Hess

May 31, 2019
| Archives

American independent Hess has chartered the Maersk Resilient jackup rig to drill the Jill exploration well in License 6/16 in the Danish North Sea, Maersk Drilling announced on Friday. The work is expected to commence in September this year, with an estimated duration of 35 days, Hess said. Hess is operator and 80 owner of the 342.1-square-kilometer License 6/16.

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Chevron hands over North Sea Limited to Ithaca for $2 Billion

May 30, 2019
| Archives

Ithaca Energy Limited (“Ithaca†or the “Companyâ€) is pleased to announce that it is to acquire Chevron North Sea Limited (“CNSLâ€) for $2 billion. The transaction will add a further ten producing field interests to the existing Ithaca portfolio, four of which relate to assets operated by the Company, resulting in an approximately 150% increase in the

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Lawsuit launched against Oxy, lead by Carl Icahn

May 30, 2019
| Archives

Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum Corp. with the goal of potentially seeking board seats and a sale of the company. The billionaire investor said in the suit filed Thursday in Delaware Chancery Court that he’s built a $1.6 billion stake in Occidental and is upset by the company’s decision to acquire Anadarko Petroleum Corp. for

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Global Energy Magazine Announces Oil and Gas Awards 2019

May 29, 2019
| Archives

Click below to read about Rig Lynx and what they are doing for the oil and gas network! Oil & Gas Awards 2019 Check out our other current stories! Borr 1st Q results: Selling rigs and securing contractsOdfjell Drilling rounds up $775 million in refinancingDolphin Drilling lets entire management team go Rig Lynx was launched December 2017, our oil and gas

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Borr 1st Q results: Selling rigs and securing contracts

May 29, 2019
| Archives

Hamilton, Bermuda, May 29, 2019: Borr Drilling Limited (“Borrâ€, “Borr Drilling†or the “Companyâ€) announces unaudited results for the three months ended March 31, 2019 Highlights in the first quarter 2019• Operating revenues of $51.9 million, EBITDA of negative $15.3 million and net loss of $56.4 million for the first quarter of 2019• Technical utilisation for the operating

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Odfjell Drilling rounds up $775 million in refinancing

May 29, 2019
| Archives

Odfjell Drilling has today received firm bank commitments for a refinancing related to its 2019 debt maturities, as further described below. Deepsea Atlantic and Deepsea Stavanger USD 425 million senior bank facility and USD 100 million junior bank facility: – The existing facility covering Deepsea Atlantic and Deepsea Stavanger, currently with USD 400 million outstanding, will be replaced

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Dolphin Drilling lets entire management team go

May 28, 2019
| Archives

Reference is made to the previous market communications with respect to the restructuring efforts of Dolphin Drilling ASA (“DDASA“), and in particular the market communication of 12 April 2019 which set out the contemplated restructuring of its drilling business (as defined therein, the “Drilling Restructuring“). As contemplated by DDASA’s secured lenders, the Drilling Restructuring will not include the

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Popular News – Top 5 from this past week!

May 28, 2019
| Weekly Rundown

Below are our top 5 articles for the week of May 20- 26! #1 with 505 views Seadrill considers selling non-core assets #2 with 245 views 3 PDVSA Oil Tankers Seized by BSM for $15 million in back payments #3 with 212 views Photo Gallery: World’s largest semi-submersible crane #4 with 128 views Offshore rig market expectations don’t match reality- Bassoe Commentary #5 with 118

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