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Seadrill completes sale of 7 jackups to ADES

October 20, 2022
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Seadrill announced that the Jack-up Sale has been completed pursuant to the SPA. As the Jack-up Sale has completed, the AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida and West Leda are now owned by ADES, and ADES employs the crews operating the rigs and holds the drilling contracts related to the rigs. The total consideration for the Jack-up Sale is USD

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Saipem awarded USD 4.5 billion contract from Qatargas

October 20, 2022
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Saipem has been awarded a contract by Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the north-east coast of Qatar. The contract value amounts to approx. 4.5 billion USD. The project encompasses two offshore gas compression complexes in Qatar. The award represents the largest single offshore contract by total value in the company’s history. The scope

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Borr Drilling sells the Gyme for $120 million

October 16, 2022
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Borr Drilling has entered into an agreement to sell the jack-up drilling rig 'Gyme' for a price of $120 million to an unrelated third party. The 'Gyme' is a 2018 PPL Pacific Class 400 located in Singapore and has not been activated or contracted since its delivery. The sale of the rig is an undertaking by the Company under its most

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Keppel to commence charters for four rigs assets in Saudi Arabia

October 16, 2022
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Keppel Corporation Limited announced that its wholly-owned subsidiary, Keppel Offshore & Marine (Keppel O&M), has completed the modification works for four KFELS B Class jackup rigs which will be deployed on bareboat charters in Saudi Arabia this month. The rigs are being chartered in pairs to Arabian Drilling Company (ADC) and ADES Saudi Limited Company (ADES) respectively

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$7.3 billion in backlog with recent Transocean fleet status update

October 16, 2022
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Transocean has issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Conqueror – Awarded a two-year contract in the U.S. Gulf of Mexico at $440,000 per day. Deepwater Asgard – Awarded a one-well contract in the U.S. Gulf of Mexico at $395,000 per day plus

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Petrobras locks in 7 rigs on an 8 rig tender

October 12, 2022
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According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petrobras has selected seven rigs from its tender for up to eight floating rigs. From Lot 1, which was for up to two high-spec DP rigs capable of operating in up to 3,000m of water, the selected units are Diamond Offshore

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Neptune Energy grabs Deepsea Yantai for two more wells offshore Norway

October 12, 2022
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Odfjell Drilling has announced that on behalf of CIMC OFFSHORE, it has agreed to extend the contract with Neptune Energy Norge for the use of the drilling rig Deepsea Yantai to drill two further firm wells in Norway. The scope of the work is estimated to take 60 days and scheduled to commence in Q3 2023. Source: Odfjell Drilling Join our mailing list

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Diamondback drops $1.6 billion on Firebird acquisition

October 12, 2022
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Oil and gas producer Diamondback Energy Inc said on Tuesday it will buy all leasehold interest and related assets of FireBird Energy LLC for $1.6 bln in cash and stock. FireBird's assets currently consist of about 68,000 acres in the Midland Basin in Texas, with estimated production, at the time of the closing of the deal, of about 17

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Seadrill trades on the NYSE again

October 12, 2022
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Seadrill Limited announced that the Company has received approval to relist its common shares on the New York Stock Exchange (“NYSE”) under the ticker symbol "SDRL". The Company expects the common shares to commence trading on or about Friday, October 14, 2022. Simon Johnson, Seadrill Chief Executive Officer, commented, “We are pleased to be re-listing the company on the NYSE.

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ADNOC Drilling awarded $1.53 billion contract to support expansion of ADNOCs offshore operations

October 11, 2022
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Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth $1.53 billion (AED 5.62 billion) to ADNOC Drilling. The award supports the expansion of ADNOC’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon intensity oil and gas. ADNOC Offshore awarded the two-year contract

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