For May we had over 34k article views, here are the top 5!
News from Velesto, Valaris, Seadrill and Transocean
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Naga 7 punch through offshore Malaysia
Sources across social media started sharing photos of the Naga 7, owned by Malaysia’s Velesto Energy, in what was called a “punch through”.
The Naga 7 was working for ConocoPhillips, it is understood to have three wells offshore Sarawak in 2021, Salam-3 appraisal, Gagau-1 wildcat and Mersing-1 exploration with site surveys and soil boring having taken place at these three locations already.
Naga 7 punch through offshore Malaysia
Valaris lands 400 day deal for JU-249 offshore New Zealand
OMV awarded an approximate 400-day deal for the provision of jackup Valaris JU-249 (ex-Rowan Gorilla VII) to work offshore New Zealand, commencing in early 2022. The rig, which is currently located in Dundee, UK, has undergone reactivation in preparation for the new deal after being unemployed since April 2020 after finishing a contract with Chrysaor.
Valaris lands 400 day deal for JU-249 offshore New Zealand
Seadrill Partners emerge from bankruptcy led by new CEO Steven Newman
Seadrill Partners LLC announced that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization (the “Plan”).
In accordance with the Plan, a newly constituted Board of Directors of the Company was appointed today, consisting of Steven L. Newman (CEO/Director), Alan S. Bigman, John Bishop, Daniel C. Herz, and N. John Lancaster, Jr.
Seadrill Partners emerge from bankruptcy lead by new CEO Steven Newman
Transocean awarded 9 well P & A for the Discoverer Inspiration
Transocean's Discoverer Inspiration has signed with Hess Corp. for a 9-well P&A campaign in the US GoM. The contract is expected to commence in Q4 2021 and will take approximately 240 days.
Transocean awarded 9 well P & A for the Discoverer Inspiration
Valaris emerges from bankruptcy and issues fleet status update
Valaris moves forward with a strengthened capital structure, eliminating $7.1 billion of debt and securing a $520 million capital injection by issuing $550 million of new secured notes maturing in 2028. As of April 30, 2021, Valaris had $615 million of available cash, $40 million of restricted cash and $550 million of debt.
Valaris emerges from bankruptcy and issues fleet status update
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