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Weekly Rundown

Rig Lynx Weekly Rundown – Demand for accommodation rigs are recovering

December 6, 2021
| Weekly Rundown

Demand for accommodation rigs are recovering Floatel International believes that the demand for accommodation rigs is starting to recover but, due to market oversupply, it still remains below levels in late 2019 before the Covid-19 pandemic, resulting in prices continuing to be under pressure. Read More With backlog sitting at $2.1 billion Seadrill provides Q3 update Seadrill provided a market update

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Rig Lynx Weekly Rundown – EnerMech bags 5 year award in North Sea

November 22, 2021
| Weekly Rundown

EnerMech bags 5 year award in North Sea Aberdeen headquartered EnerMech has been awarded a five-year contract to deliver tensioning, torquing and associated services across all of TAQA’s North Sea platforms.  Read More Seadrill brings in new board Seadrill Limited announced that a new, independent, seven-member Board of Directors will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11. Read More Weatherford awarded over $1 billion in contracts from ADNOC Weatherford

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Rig Lynx Weekly Rundown – Noble closes four jackup deal with ADES

November 9, 2021
| Weekly Rundown

Noble closes four jackup deal with ADES Noble Corporation announced it has completed the sale of four jackup rigs to a subsidiary of ADES International Holding Ltd. ("ADES"). The Company expects to generate approximately $285 million in cash from the transaction net of fees, expenses, and the settlement of working capital. Read More   New contracts and extensions for Noble in

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Rig Lynx Weekly Rundown – Dolphin Drilling picks up marketing rights for stranded Awilco rigs

November 1, 2021
| Weekly Rundown

Dolphin Drilling picks up marketing rights for stranded Awilco rigs Dolphin Drilling announced an important step forward in securing the future of the company. In collaboration with Keppel Fels Singapore, Dolphin Drilling have the marketing rights for the KFELS Moss Maritime CS60 ECO MW Drilling Units.  Read More Valaris issue fleet status update with tons of new work Valaris issued a new

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Rig Lynx Weekly Rundown – Saudi announces the launch of offshore tourism project THE RIG

October 25, 2021
| Weekly Rundown

Saudi announces the launch of offshore tourism project THE RIG Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of "THE RIG", which it said would be the world's first tourism destination on offshore platforms. Read More Island Drilling awarded contract for the Innovator Dana Petroleum has awarded Island Drilling Company AS a contract to the 6th

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Rig Lynx Weekly Rundown – Seadrill closes in on Petrobras two drillship tender

October 18, 2021
| Weekly Rundown

Seadrill closes in on Petrobras two drillship tender  Seadrill is close to winning two new charter contracts with Petrobras, rebuilding its business portfolio in Brazil. The oil company hammered out the contracting of the West Tellus and West Carina drillships, offered in the tender for 2,400 m units. Read More Constellation declared winner of Petrobras tender Constellation has been declared the

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Rig Lynx Weekly Rundown – Shell kicking off work in Campos Basin with West Tellus

October 11, 2021
| Weekly Rundown

West Africas deepwater rig utilization could triple by 2022 US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However, West Africa has struggled with sluggish growth, with current competitive utilization of just 40% in comparison to 80% in the US Gulf of Mexico and 95% in Brazil. Read More Shell kicking off work in Campos Basin

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