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Northern contemplates spinning off their Harsh Env rigs to Northern Ocean LTD

December 9, 2019
| Archives

Northern Drilling Ltd. is contemplating to spin-off its two harsh environment rigs, West Mira and West Bollsta, together with related operating companies through its wholly-owned subsidiary Northern Rig Holding Ltd. (to be renamed Northern Ocean Ltd.) (“NOLâ€). With West Mira having commenced operations for Wintershall Norge AS and West Bollsta on schedule for contract start-up with Lundin

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Shelf Drilling Secures Contract Extension on the Trident XIV

December 9, 2019
| Archives

Shelf Drilling, Ltd. announced today that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. The expected availability of the rig is now February 2021. Source: Shelf Check out our other current stories! Bassoe: Jackup ReportPirates Board a Supertanker Off Nigeria, Kidnap 19 Crew MembersStena

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Bassoe: Jackup Report

December 5, 2019
| Archives

Jackup fixtures maintain their trend as we move into the last few weeks of the year. A mix of long and short awards in the North Sea, SE Asia, and Mexico have solidified dayrates at their highest level since 2015. We expect more tenders and more contracts to follow, especially in the Middle East and SE Asia.

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Pirates Board a Supertanker Off Nigeria, Kidnap 19 Crew Members

December 5, 2019
| Archives

Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer. Nineteen crew were kidnapped and remain missing, a spokeswoman for Navios, the ship’s owner said by phone Wednesday. The incident happened late Tuesday about 77 nautical

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Stena Drilling announce new contracts in interim report

December 5, 2019
| Archives

In Stena Drilling’s latest 9 month report it is stated that they have been awarded two new drilling contracts. One is with EnQuest for the drilling unit Stena Don regarding two firm wells (90 days), commencing in February 2020. The other is with Exxon for the drilling unit Stena DrillMAX for two firm wells (140 days) plus two

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Maersk announces more work for the fleet in Q3 update

November 27, 2019
| Archives

Maersk released their 3rd quarter trading statement and below are the highlights from the backlog section of the report: Maersk Resilient was awarded a one-well contract with IOG in the UK. The contract has since concluded. Further, Maersk Resilient was awarded a 70-day contract with Petrogas in the UK with expected commencement in March 2020. Maersk Resolute was

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Seadrill bags a 4 well deal for the West Carina

November 27, 2019
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The West Carina secured a four well contract with up to six optional wells with PTTEP, formerly Murphy, in Malaysia. Total contract value for the firm portion of the contract is expected to be approximately $47 million, inclusive of ROV services. Commencement is expected in January 2020 and running through June 2020. The options could add up

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Borr Chairman says “a strengthening market outlook for 2020â€

November 27, 2019
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  Borr Drilling Limited announces unaudited results for the three and nine months ending September 30, 2019. The Chairman of the Board, Paal Kibsgaard, commented: “The jack-up market tightened further in the third quarter, with strong tendering activity, improving dayrates and a strengthening market outlook for 2020. We continued to execute well throughout our rig operations, as well as

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Valaris Adds $285 Million to the Backlog with New Contracts

November 27, 2019
| Archives

Valaris plc announced today new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet status report dated October 25, 2019. VALARIS DS-18 (Relentless) contract extended due to the exercise of a one-well priced option with EnVen in the U.S. Gulf of Mexico, with an estimated duration of 45 days

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Brazil’s Petrobras plans to drill up to eight oil wells in 2020

November 25, 2019
| Archives

Brazilian state-run oil firm Petroleo Brasileiro SA plans to drill up to 8 oil wells in 2020, mostly in the pre-salt area, its Exploration & Production director, Carlos Alberto de Oliveira, said on Monday. Petrobras, as the company is known, is expected to disclose details in a meeting with investors later this year, after releasing its business plans

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