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Valaris announce contract awards and updated guidance

March 9, 2023
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Valaris Limited announced new contracts awarded subsequent to issuing the Company’s most recent fleet status report on February 21, 2023. Three-year contract with Petrobras for drillship VALARIS DS-8. The rig will be reactivated for this contract. The total contract value is approximately $500 million, including a $30 million mobilization fee. 100-day contract with a TotalEnergies affiliate for drillship VALARIS

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West Neptune extends contract with LLOG

March 9, 2023
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Seadrill Limited announced that the West Neptune has executed approximately six months of term extensions with LLOG Exploration Offshore, L.L.C in the US Gulf of Mexico. The extensions will commence in direct continuation of the existing term, and will keep the rig busy until Q3 2024, furthering Seadrill and LLOG’s long-term association. Total contract value for the extension

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Dolphin adds more work to the Blackford semi offshore Nigeria

March 9, 2023
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Semisub rig owner Dolphin Drilling has inked a new contract with Peak Petroleum in Nigeria for its 1974-built Blackford Dolphin. The firm contract, which follows the letter of award in January, gives the Euronext Growth-listed owner of three rigs the potential to extend the unit’s backlog by a minimum of 120 days and up to 485 days. The deal adds

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Shell announces new discovery offshore Namibia

March 9, 2023
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Shell and state-owned QatarEnergy (QE) have made a new oil discovery at a deepwater exploration well around 270km offshore Namibia, the country's third in just over a year. The "light oil" discovery in the PEL-39 licence in the Orange Basin offshore southern Namibia was announced by QE, which holds a 45pc non-operating interest in the block, and Namibia's

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Rig reactivations favored over newbuilds so far

March 9, 2023
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Reactivations favoured over newbuilds so far As the supply/demand balance tightens, the reactivation of rigs has been on the rise with approximately 25 jackups, three semis and nine drillships brought back to life since 2021. However, the level of newbuilds being delivered from shipyards hasn’t increased to the same level witnessed during the short-lived 2019 recovery period. During 2019,

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US says will finalize 5 year offshore drilling plan in December

March 9, 2023
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The Biden administration needs until the end of the this year to finalize a long-awaited five-year plan for offshore oil and gas development in federal waters, according to court documents filed this week. The Interior Department said it will take until December to complete "all necessary analyses, approvals, and mandatory procedural steps" related to the plan, the agency

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Petrobras awards Maersk anchor handlers 3 year contracts

March 9, 2023
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Petrobras has signed three of Maersk Supply Service’s L-class anchor handlers for a three-year period, covering a broad work scope of anchoring handling activities and rig movements. Maersk Leader, Maersk Launcher and Maersk Lancer have been delivered in Brazil. This now sees twelve vessels from the Maersk Supply Service fleet currently serving the Brazilian and Latin American markets. 'Maersk Supply Service is committed to investing

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Vantage managed Capella awarded contract offshore East Africa

March 9, 2023
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Aquadrill and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a one well contract for operations in East Africa. The total contract value for the contract is expected to be approx. $37 million. Work is expected to commence in mid-April 2023 and to run until the end of May 2023. Source: Aquadrill Join

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Shelf awarded a two-year contract for the Scepter offshore Nigeria

March 9, 2023
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Shelf Drilling has secured a two-year contract for the Shelf Drilling Scepter for operations offshore Nigeria. The contract value for the firm period, including mobilization revenue, is approx. USD 118 million. The contract also includes a one-year option, and the planned start-up of operations is May 2023. Source: Shelf Join our mailing list here

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