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

Archives

Seadrill ticker SDRL will begin trading on Euronext Expand

April 27, 2022
| Archives

Reference is made to the stock exchange announcement published by the Oslo Stock Exchange on 26 April 2022, regarding its decision to admit the shares of Seadrill Limited (“Seadrill” or "the Company") (OSE ticker: SDRL) to trading on Euronext Expand.  The first day of trading of the Company's shares on Euronext Expand is expected to be on or

Read More...

Shelf secures 3 year extension for High Island V

April 27, 2022
| Archives

Shelf Drilling has announced that it has secured a three year contract extension for the High Island V jack-up rig in direct continuation of its current contract in the Arabian Gulf. Following this extension, the expected availability of the rig is May 2025. Source: Shelf Drilling Join our mailing list here

Read More...

Sembcorp and Keppels multibillion dollar merger

April 27, 2022
| Archives

Singapore’s Sembcorp Marine has agreed to a multi-billion dollar merger with Keppel Corp’s larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn. The lossmaking oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders. Such troubles

Read More...

Transocean issues fleet status update, holds $6.1 billion backlog

April 26, 2022
| Archives

Transocean Ltd. issued their 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: Development Driller III – Awarded a one-well contract in Colombia at $331,000 per day. Deepwater Inspiration – Customer exercised a one-well option in the U.S. Gulf of Mexico at $300,000 per day. Transocean Spitsbergen – Customer exercised a one-well option in Norway at $305,000 per day. The

Read More...

Seadrill grabs up more contracts in the GOM

April 26, 2022
| Archives

Seadrill Limited announced new contract awards for the West Neptune and the Sevan Louisiana. The West Neptune has secured a four-well extension with two one-well options with LLOG Exploration Offshore, L.L.C (“LLOG”) in US Gulf of Mexico. The firm-term will commence in direct continuation of the existing contract, has an estimated duration of 200 days and is expected

Read More...

Seadrill JV Sonodrill bags 18 month contract for the West Gemini

April 26, 2022
| Archives

Seadrill Limited announced that a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”). Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value for the firm portion of the contract is

Read More...

Petro Victory Energy acquires 19 Brazilian oil blocks

April 21, 2022
| Archives

Petro-Victory Energy acquires 19 Brazilian oil blocks This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil (ANP) third Permanent Offer Round held in Rio de Janeiro, Brazil, on April 13. The new acquisition will increase

Read More...

Maersk sells jackup to ADES

April 20, 2022
| Archives

Maersk Drilling has entered into an agreement with ADES to sell the benign environment jack-up rig Maersk Convincer for USD 42.5m in an all-cash transaction. The transaction is subject to customary closing conditions, and the rig is expected to be transferred to ADES following the completion of its current drilling program with Brunei Shell Petroleum Company Sdn.

Read More...

INPEX exercises one year option on Maersk Deliverer

April 19, 2022
| Archives

INPEX Operations Australia has exercised an option to extend the provisioning of the ultra-deepwater semi-submersible rig Mærsk Deliverer for drilling services at the Ichthys Field in the Browse Basin offshore Western Australia. The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract. One one-year option remains on the

Read More...