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La Muralla sold for $60 million

November 3, 2022
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Semisubmersible La Muralla IV sits about four miles off the coast of Tampico, Mexico after the owner LaForta filed bankruptcy.   The ten-year old, sixth-generation floater has been sold to Operadora CICSA, for the amount of USD 60 million. Source: BN Join our mailing list here

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Valaris 54 sold for $28 million

November 3, 2022
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Upon completion of its current 204 day contract extenstion Valaris announced that it will be selling the 40-year old jackup VALARIS 54 for $28.5 million, which is expected to close in March 2023 upon completion of its existing contract. Source: Valaris Join our mailing list here

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TotalEnergies fires back at Greenpeace

November 3, 2022
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In a report entitled "TotalEnergies' Carbon Footprint Doesn't Add Up" published by Greenpeace on Thursday, November 3, 2022, Greenpeace affirms, among other things, that TotalEnergies' Scope 1 emissions based on equity share allegedly exceeded 160 million tons of CO2e in 2019, whereas the Scope 1 emissions based on equity share reported by TotalEnergies for 2019 actually amounted

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Solstad awarded three new contracts

November 3, 2022
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Solstad Offshore has announced contract awards for three of its subsea construction vessels (CSV). Normand Vision has been awarded a new contract with Havfram AS for a period of 3 years firm plus option for additional 2 years, the contract will commence January 2024, in direct continuation of present agreement with Havfram. Normand Ocean has been awarded an extension and a new

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Helix Energy awarded work with Shell Brasil

November 3, 2022
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Helix Energy Solutions Group, Inc. announced a deepwater well decommissioning contract award by Shell Brasil Petroleo Ltda. (Shell Brasil). The project, located offshore Brazil in the Campos Basin, is expected to commence early 2024 for a minimum firm period of 12 months, plus customer options to extend. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira

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Seadrill JV awarded 12 well deal offshore Angola

November 3, 2022
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Seadrill has announced a new extension has been secured by Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol. Sonadrill has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day. Total contract value for the firm portion of the contract is approx. $327 million, inclusive of additional services. Commencement is expected in Q4 2022, with a firm-term

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Valaris publishes fleet status update

November 3, 2022
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Valaris has announced new contracts and extensions, rig sales and other updates since the last Fleet Status Report Floaters Three-well contract with Eni Mexico S. de R.L. de C.V. offshore Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in December 2022 and has an estimated duration of 240 days. The operating day rate is $313,500, plus a mobilization

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Saipem completes sale of onshore drilling business to KCA

October 29, 2022
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The closing of the sale of Saipem's onshore drilling business to KCA Deutag has been completed following the agreement announced on 1st June, 2022. Specifically, the activities in Saudi Arabia, Congo, United Arab Emirates and Morocco have been transferred. The agreement provides for the sale of the entirety of Saipem's onshore drilling operations to KCAD that includes the

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Island Drilling awarded contract with Dana Petroleum

October 29, 2022
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Island Drilling Company announced they have signed a contract with Dana Petroleum (E&P) Limited to provide the Island Innovator drilling unit and associated services for a work program in the UK in 2023. The commencement is in April 2023. The work is for 3 firm and 1 optional well. The firm work is estimated to 80 days and the

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Sembcorp Marine acquires Keppel O&M

October 29, 2022
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Sembcorp Marine has entered into an Amended and Restated Combination Framework Agreement with Keppel Corporation which sets out the revised transaction structure and terms on which the Proposed Combination of Sembcorp Marine and Keppel Offshore & Marine ('Keppel O&M') will be effected. Simplified Transaction Structure Under the Revised Structure and Terms, Sembcorp Marine will now directly acquire 100% of Keppel O&M from Keppel. There

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