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

Archives

Deepsea Atlantic extends time with Equinor

November 28, 2022
| Archives

Odfjell Drilling announced that Equinor has exercised its priced options for the Deepsea Atlantic to drill five additional wells on the Johan Sverdrup Phase 2 development under the contract entered into by the parties on 23.11.2020. The five wells are anticipated to take approx. 190 days with an approximate value of USD 64M and extends the Deepsea Atlantic’s firm backlog into Q1 2024. Source: Odfjell Join our

Read More...

Keppel O&M delivers jackup novated by Borr Driling to ADNOC Drilling

November 28, 2022
| Archives

Keppel Offshore & Marine (Keppel O&M), through its wholly-owned subsidiary Keppel FELS, has delivered the first of three jackup rigs to ADNOC Drilling.  The three rigs were part of a series of five rigs that Keppel FELS had been building for Borr Drilling. As set out in Keppel’s announcement dated 12 October 2022, Keppel O&M entered into an agreement with

Read More...

Aquadrill awarded work for the Capella

November 28, 2022
| Archives

Aquadrill and a subsidiary of Vantage Holdings International (the 'Manager') have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a four firm well contract plus two priced and three mutually agreed optional wells for operations in Indonesia. The total contract value for the firm portion of the contract is expected to be approx. $138 million. Work is

Read More...

Valaris puts the DS-12 to work offshore Egypt with BP

November 28, 2022
| Archives

Valaris has announced that drillship VALARIS DS-12 has been awarded a four-well contract with BP offshore Egypt. The contract is expected to commence late in the third quarter or early in the fourth quarter 2023 and has an estimated duration of 320 days. The estimated total contract value, inclusive of a mobilization fee, is $136.4 million. President and Chief Executive Officer Anton Dibowitz

Read More...

Shelf Drilling awarded 5 year contract in Arabian Gulf

November 20, 2022
| Archives

Shelf Drilling has secured a five-year contract for the Harvey H. Ward jack-up rig for operations in the Arabian Gulf. The contract value for the firm period, including mobilization revenue, is approx. USD 192 million. The contract also includes a two-year option, and the planned start-up of operations is late-March 2023. Prior to commencement, the Harvey H. Ward jack-up is scheduled to

Read More...

Saipem awarded $800 million in offshore drilling contracts

November 20, 2022
| Archives

Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approx. 800 million USD. This value is considered net of the leasing costs of the vessels used for the works. In the Middle East two new contracts have been awarded for two high-specification Jack-Up drilling units, the Perro Negro 12 and Perro

Read More...

West Hercules awarded contract with ExxonMobil Canada

November 20, 2022
| Archives

Odfjell Drilling notes the signing of a contract between ExxonMobil Canada and SFL Corporation Ltd ('SFL') for the Odfjell Drilling managed 6th generation semi-submersible Hercules. The Contract is expected to commence in Q2 2023 and has a firm duration of approx. 135 days, with an extension option for approx. 60 days. Odfjell Drilling announced in May 2022 that it had agreed with SFL to provide

Read More...

Transocean JV buys interest in 7th gen drillship West Aquila

November 20, 2022
| Archives

Transocean announced that one of its subsidiaries, together with Perestroika A.S. and funds managed by Lime Rock Management L.P., have formed a joint venture, Liquila Ventures Ltd. (“Liquila Ventures”). Liquila Ventures agreed with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (“DSME”), to purchase Hull 3623, the ultra-deepwater newbuild drillship formerly known as West Aquila, for approximately $200 million. Hull 3623 is a high specification, 1400 short-ton hookload

Read More...

22 contracts awarded to Borr since start of 2022

November 20, 2022
| Archives

Highlights Third Quarter of 2022 Total operating revenues of $107.9 million, an increase of $2.6 million or 2% compared to the second quarter of 2022. Net loss of $54.9 million, a decrease in loss of $110.4 million compared to the second quarter of 2022. Cash and cash equivalents of $279.0 million at the end of the third quarter of 2022,

Read More...

ADES charters jackup duo Cantarell III and IV from Keppel

November 13, 2022
| Archives

Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiaries, signed bareboat charter contracts with ADES Saudi Limited Company for two jackup rigs to be deployed in Saudi Arabia. This brings the total number of rigs Keppel O&M has on charter with ADES to four. The charters will be for a period of five years, expected

Read More...