+1(833) 396-4204 info@riglynx.com
Menu

Archives

Occidental makes an offer for Anadarko

April 24, 2019
| Archives

Occidental Petroleum Corp. has offered to buy Anadarko Petroleum Corp. for $76.00 per share in a 50-50 cash and stock transaction valued at $57 billion. Under the proposal, Anadarko shareholders would receive $38.00 in cash and 0.6094 shares of Occidental common stock for each share of Anadarko common stock. Occidental’s proposal represents a premium of approximately 20% to

Read More...

Petronas brings on 4 more jackups

April 24, 2019
| Archives

Velesto Energy (“Velesto†and “Companyâ€), formerly known as UMW Oil & Gas, awarded contracts for the provision of four jack-up drilling rigs by Petronas Carigali. Company said on Monday that, NAGA 2, NAGA 3, NAGA 5, and NAGA 6 are contracted for Petronas Carigali’s drilling campaign, for the duration of one year with an option of additional one

Read More...

Bassoe: Jackup Report

April 24, 2019
| Archives

Jackup fixtures continue to roll in, and utilization has reached its highest point since 2015. As major tenders, such as QatarGas (up to 8 rigs), PEMEX, and Petronas are concluded, we expect utilization to rise further during 2019. Dayrates are moving up, but still only modestly due to new build supply. This should resolve itself as more

Read More...

5.5 bbo Yellowtail 1 marks ExxonMobil’s 13th find in Guyana

April 21, 2019
| Archives

IRVING, Texas – ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects

Read More...

Transocean’s backlog breaches 12 billion with new contract announcements

April 18, 2019
| Archives

Transocean Ltd. today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last report Transocean added approximately $373 million in contract backlog, bringing total backlog to $12.1 billion. This quarter’s report includes the following new contracts: Development Driller III – Customer exercised a six-month option offshore Equatorial Guinea;Leiv Eriksson – Customer exercised

Read More...

Noble grabs two extensions and one new contract

April 18, 2019
| Archives

Today Noble Corp released their fleet update status which included the following: Southeast Asia – Noble Clyde Boudreaux – Contract extension Mid-March 2019 to Mid-March 2020 US GOM – Noble Don Taylor – Contract extension Mid-April 2019 to Early June 2019 South America – Noble Don Taylor – 1-year contract Early October 2019 to Early October 2020 Full fleet update status

Read More...

MHWirth awarded drilling packages from Keppel FELS

April 15, 2019
| Archives

MHWirth, a company owned by Akastor ASA, today signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid water semisubmersible drilling rig. This is the first out of three options that were given when Keppel FELS and MHWirth signed a contract in April 2018 for a similar drilling equipment package.

Read More...

Bolette Dolphin will be sold to refocus on mid-water fleet

April 15, 2019
| Archives

Lenders under the Company’s USD 2,000 million secured credit facility holding more than 78% of the principal amount outstanding under such facility (the “Majority Lenders“) have entered into an agreement for the reorganization and recapitalization of the drilling business of the Group (the “Drilling Recapitalization“). The Majority Lenders include Danske Bank, DNB, SEB and Swedbank, as well

Read More...

ADES grabs another contract with Sonatrach

April 15, 2019
| Archives

ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two new contracts for its onshore rigs ADES 2 and ADES 3 in Algeria with Groupement Sonatrach AGIP (GSA). ADES 2 contract comprises one firm well and four optional

Read More...

Chevron Announces Purchase of Anadarko

April 12, 2019
| Archives

Chevron Corporation announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders

Read More...