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Weekly Rundown

Rig Lynx Weekly Rundown – Saipem exploring drilling division sell off

March 1, 2022
| Weekly Rundown

Saipem exploring drilling division sell off Saipem SpA is considering a roughly 4 billion euro ($4.5 billion) restructuring package that could include a cash injection and asset sales. Read More Transocean lines another rig up for Petrobras  Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company’s new request for quotation aimed at the

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Rig Lynx Weekly Rundown – Transocean updates on the Deepwater Titan

February 21, 2022
| Weekly Rundown

Transocean updates on the Deepwater Titan Transocean recently announced that the drydocking for the 8th generation Deepwater Titan has been completed in Singapore at the Sembcorp facilities. It will soon be heading into its next phase moving out to sea. Read More Sack full of new contracts announced in Borr's Q4 results Borr Drilling issued its Q4 2021 presentation and we have

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Rig Lynx Weekly Rundown – Shell to use Enhanced Drilling’s Closed Riser CML services in deepwater GOM

February 14, 2022
| Weekly Rundown

39 year old semi Olinda Star awarded 16 month contract Constellation secured a new charter contract for the 39-year-old semi the Olinda Star. The Brazilian group closed a deal with ONGC, guaranteeing 16 months of chartering, after presenting a best price in the bidding conducted by the oil company. Read More Aban sells Deep Driller 1 to ADES for $12

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Rig Lynx Weekly Rundown – Seadrill New Finance Limited Emergences from Chapter 11

February 7, 2022
| Weekly Rundown

Seadrill New Finance Limited (to be renamed Paratus Energy Services Ltd.) Emergences from Chapter 11 Seadrill Limited and the Issuer announced that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the “Plan”). Read More KCA Deutag bags 10 year newbuild deal for 4 rigs Petroleum Development Oman (PDO) will

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Rig Lynx Weekly Rundown – Saipem awarded offshore contracts in excess of 1 billion USD

January 17, 2022
| Weekly Rundown

Saipem awarded offshore contracts in excess of 1 billion USD  Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD. Read More Maersk Valiant grabs another well offshore Suriname with TotalEnergies  TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work

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Rig Lynx Weekly Rundown – Chevron sells Midland assets to FireBird Energy

January 10, 2022
| Weekly Rundown

Chevron sells Midland assets to FireBird Energy FireBird Energy LLC announced that it has completed an acquisition of operated assets located in the Midland Basin from Chevron U.S.A. Inc. and Chevron Midcontinent, L.P.  Read More More drilling ahead for Valaris to start off 2022 Valaris Limited recently announced that it has been awarded multiple contracts to kick off the new year with. Read More Constellation bags two long

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Rig Lynx Weekly Rundown – Ventura bags two rig contracts with Petrobras

January 3, 2022
| Weekly Rundown

Ventura bags two rig contracts with Petrobras Ventura (Petroserv) will secure two new charter contracts with Petrobras in January. The oil company decided to hire the semi-submersible Victoria and the drillship Carolina, offered in the tender for 2,400 m. Read More Odfjell takes over management of Northern Ocean semis Odfjell Drilling and NOL announced that Odfjell will provide marketing and management

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Rig Lynx Weekly Rundown – Vantage Drilling sells 3 jackups to ADES and pursues global strategic alliance

December 29, 2021
| Weekly Rundown

Vantage Drilling sells 3 jackups to ADES and pursues global strategic alliance Vantage Drilling International has agreed to sell to ADES Arabia all of the issued and outstanding equity of VHI’s wholly-owned subsidiary, Emerald Driller Company for a purchase price of US $170 million cash. Read More Vantage puts the Tungsten Explorer back to work in Egypt In a recent press release

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Rig Lynx Weekly Rundown – Shell confirms Deepwater Pontus BOP incident

December 20, 2021
| Weekly Rundown

Shell confirms Deepwater Pontus BOP incident Shell has confirmed that Transocean drillship Deepwater Pontus has been forced to stop working since losing a blowout preventer (BOP) when completing a well late last month. Read More Borr lands new work for the Norve and Thor jackups Borr Drilling has secured a contract for the “Norve” with BW Energy and secured a Letter

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Rig Lynx Weekly Rundown – Stena announces purchase agreement with SHI for drillship

December 13, 2021
| Weekly Rundown

Stena announces purchase agreement with SHI for drillship Stena Drilling has entered a purchase option agreement with Samsung Heavy Industries for a drillship. This gives Stena Drilling the possibility to offer the market a state of the art drilling service with minimal carbon footprint. Read More SHI unloads another stranded newbuild drillship Samsung Heavy Industries has found a buyer for an

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