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Vantage’s Tungsten Explorer heads back to West Africa

June 10, 2022
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Vantage Drilling International has announced that one of its subsidiaries has entered into a drilling services contract with a subsidiary of TotalEnergies in respect of its ultra-deepwater drillship, the Tungsten Explorer. The contract is for a minimum duration of 225 days with three possible options for extension. The drillship is currently operating in the Mediterranean where it will be drilling up

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Ten companies qualified for Petrobras tender to charter drilling rigs

June 7, 2022
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The market is eagerly awaiting the outcome of the Petrobras tender, which provides for the contracting of up to eight drilling rigs. The opening of the envelopes with the proposals is scheduled for June 28, after two postponements. In all, ten companies are pre-qualified to participate in the competition: Ocyan, Ventura, Constellation, Stena, Seadrill, Transocean, Ensco, Etesco, NE

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Floatel gains extension on the Victory

June 7, 2022
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Floatel informed last Friday that Equinor had extended the contract for Floatel Victory to provide Maintenance and Safety Unit (MSU) services alongside Peregrino floating production storage and offloading unit (FPSO) offshore Brazil until year-end 2022, with further options thereafter. The initial, six-month firm contract was awarded by Equinor back in July 2021 with options included. The unit transited to Brazil and started the contract

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PetroRio formalizes purchase of the West Capricorn

June 7, 2022
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The PetroRio (PRIOR3) formalized the purchase of a hybrid semi-submersible rig from Aquadrill informed the company, in a material fact released this Monday. PetroRio will pay Aquadrill US$4 million for the West Capricorn rig on August 5 or the rig delivery date, whichever comes first. The oil company had already communicated in May its intention to acquire the rig. On the occasion,

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Subsea 7 awarded contract offshore Gulf of Mexico

June 7, 2022
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Subsea 7 has announced the award of a sizeable(1) contract by Chevron for the development of the Ballymore project offshore US Gulf of Mexico, in water depths of up to 6,550 feet. The project covers the installation of a Steel Catenary Riser (SCR), flowline and control system. Subsea 7 has supported Chevron with early engineering prior to the award. The offshore scope will

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KCA Deutag buys Saipem Onshore Drilling business

June 7, 2022
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Part of continuing to deliver its growth strategy and expanding in core markets such as the Middle East region, KCA Deutag has signed a Sale and Purchase Agreement ('SPA') to acquire Saipem's onshore drilling business for a total consideration payable at closing of $550 million in cash and 10% equity interest in the Group. KCA Deutag had revenue of $1.2 billion and

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Shell greenlights Jackdaw in the North Sea

June 7, 2022
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Shell has been given regulatory approval to develop the Jackdaw field in the North Sea. The field has the potential to produce 6.5% of Britain's gas output. Jackdaw is a gas condensate field. It lies in Blocks 30/02a, 30/02d and 30/03a of the United Kingdom Continental Shelf (UKCS) in a water depth of ~78 m. The field is located in the Central North Sea (CNS), ~250 km east of Aberdeen, 30 km

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Equinor adds on options to Spitsbergen, estimated backlog of $181m

June 7, 2022
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Transocean Ltd. announced that Equinor Energy AS has awarded an additional nine wells plus two, one-well options to the contract for the harsh environment semisubmersible Transocean Spitsbergen for work offshore Norway. The firm part of the contract extension, with an estimated backlog of $181 million, is expected to begin in October 2023 and conclude in April 2025. The estimated firm backlog excludes revenue associated with performance incentives, additional services,

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Equinor terminates Valaris DS 11

June 7, 2022
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Valaris announced that Equinor delivered a termination notice for the drilling contract awarded to drillship VALARIS DS-11. The termination will take effect at the end of June. Valaris total contract backlog of $2.5 billion as of May 2, 2022 included approximately $428 million related to this contract. Further details on the VALARIS DS-11 contract can be found

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Aquadrill announces contract awards for the Polaris and T 15

June 1, 2022
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Aquadrill LLC and a subsidiary of Vantage Drilling have reached an agreement to provide the Polaris, a 6th generation drillship, for a 9 month contract for operations in India with Oil and Natural Gas Corporation Limited. The total contract value is expected to be approximately $66.5 million and work is expected to commence in Q4 2022 following relocation of the

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