Weekly Rundown Archives - Page 3 of 18

Rig Lynx Weekly Rundown – U.S. raising money for the budget with strategic petroleum reserve sale

September 20, 2021

U.S. raising money for the budget with strategic petroleum reserve sale The U.S. government has agreed to sell crude oil from the nation's emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy said. Read More Around 44 percent of Gulf of Mexico oil production

Rig Lynx Weekly Rundown – Stena Don headed to work for Chariot

September 13, 2021

| Weekly Rundown

Stena Don headed to work for Chariot Chariot, the Africa focused transitional energy company, has signed a contract with Stena Drilling, one of the world’s foremost independent drilling contractors, to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus license, offshore Morocco. Read More Seadrill making headway exiting Chapter 11 Seadrill announced the United States Bankruptcy Court for the Southern District of

Rig Lynx Weekly Rundown – Transocean lands contract for newbuild Deepwater Atlas

August 30, 2021

| Weekly Rundown

Transocean lands contract for newbuild Deepwater Atlas Transocean Ltd. announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Read More Mandatory vaccinations added to employee requirements for Chevron, Hess and more U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise

Rig Lynx Weekly Rundown – Northern Drilling pulls out of newbuild West Aquila

August 24, 2021

| Weekly Rundown

Northern Drilling pulls out of newbuild West Aquila West Aquila Inc., the 100% owned subsidiary of Northern Drilling Ltd has notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSME”) that it has cancelled the resale contract for the 7th generation ultra deepwater drillship West Aquila due to delay of delivery as well as repudiatory breach of contract. Read More Island

Rig Lynx Weekly Rundown – Seadrill Limited strikes deal with Northern Ocean

August 16, 2021

| Weekly Rundown

Seadrill Limited strikes deal with Northern Ocean Seadrill Limited announced that the Company has reached a settlement agreement with Northern Ocean Ltd. (“NOL”) predominantly with respect to balances outstanding from Seadrill’s preparation of the West Mira and West Bollsta rigs. Read More Total and Shell expect to spud in offshore Namibia in Orange Basin Q4 2021 The farmout process is currently

Rig Lynx Weekly Rundown – Valaris fleet status report, multiple new contracts adds over $1 billion to backlog

August 9, 2021

| Weekly Rundown

Valaris fleet status report, multiple new contracts adds over $1 billion to backlog Valaris shared their updated fleet status report and here are the highlights Read More Noble reports on Q2 with three new contracts and over $1 billion in backlog Noble issued their financial results for Q2 and here are the highlights Read More DS 11 will receive a 20k psi upgrade for

Rig Lynx Weekly Rundown – Transocean lands two new contracts in the Gulf of Mexico

August 2, 2021

| Weekly Rundown

Transocean lands two new contracts in the Gulf of Mexico Transocean Ltd. announced it was awarded two new contracts. One for the Deepwater Conqueror and the other for the Deepwater Asgard. Both will contribute approximately $55.5 million to their backlog. Read More Saipem lines up new work for the fleet Saipem has confirmed various new contract awards and extensions for its offshore rig fleet. Read

Rig Lynx Weekly Rundown – Buyers circle Seadrill as it plots exit from bankruptcy

July 26, 2021

| Weekly Rundown

Buyers circle Seadrill as it plots exit from bankruptcy Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years: like many in the industry, it expanded its drilling rigs too aggressively in the mid-2010s to withstand a subsequent plunge in energy prices and rig hire rates. It is negotiating a deal to restructure

Rig Lynx Weekly Rundown – Aker Carbon Capture Launches Carbon Capture as a Service

July 19, 2021

| Weekly Rundown

Aker Carbon Capture Launches Carbon Capture as a Service Aker Carbon Capture has launched Carbon Capture as a Service; Carbon capture made easy, an integrated offering that covers everything a customer needs to reduce emissions by CCS. Read More Western Gas awards Valaris MS 1 drilling contract offshore Australia Western Gas has awarded Valaris a one well contract for the Valaris MS-1 mobile offshore

Rig Lynx Weekly Rundown – Borr shows 40 plus jackups needed to fill potential demand for 2022

July 12, 2021

| Weekly Rundown

Borr shows 40 plus jackups needed to fill potential demand for 2022 Borr Drilling released its new investor presentation and it shows a potential demand of 40+ jackups units needed to fill prospect regions heading out of 2021 into 2022 Read More Constellation bags 3 year contract with Petrobras Constellation was awarded a new contract with Petrobras for the ultra-deepwater drillship

Weekly Rundown

Rig Lynx Weekly Rundown – U.S. raising money for the budget with strategic petroleum reserve sale

Rig Lynx Weekly Rundown – Stena Don headed to work for Chariot

Rig Lynx Weekly Rundown – Transocean lands contract for newbuild Deepwater Atlas

Rig Lynx Weekly Rundown – Northern Drilling pulls out of newbuild West Aquila

Rig Lynx Weekly Rundown – Seadrill Limited strikes deal with Northern Ocean

Rig Lynx Weekly Rundown – Valaris fleet status report, multiple new contracts adds over $1 billion to backlog

Rig Lynx Weekly Rundown – Transocean lands two new contracts in the Gulf of Mexico

Rig Lynx Weekly Rundown – Buyers circle Seadrill as it plots exit from bankruptcy

Rig Lynx Weekly Rundown – Aker Carbon Capture Launches Carbon Capture as a Service

Rig Lynx Weekly Rundown – Borr shows 40 plus jackups needed to fill potential demand for 2022

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