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Rig Lynx Monthly Rundown - Top 5 for May

Rig Lynx
  • By Rig Lynx
  • Jun 05, 2021
  • Category : Monthly Rundown
  • Views : 299

 

For May we had over 34k article views, here are the top 5!

 

News from Velesto, Valaris, Seadrill and Transocean

 

Thanks for reading with us and we wish you a great month of June!

 

Stay safe!

 

 

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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Rig Lynx
May 18, 2021

  For April we had over 35k article views, here are the top 5!   News from Seadrill, Transocean, Valaris, CNOOC and Noble   Thanks for reading with us and we wish you the rest of a great month of May!   Stay safe!     Sevan Developer slated to start Petrobras contract August 2021   Sacanb Offshore will debut in the Brazilian drilling market in August. The Indian group signed a contract with Petrobras to charter the Sevan Developer mono-column rig.   The deal is the result of a 2020 tender by the oil company for the chartering of a drilling rig intended for operations in 2,400 m water depth.     Sevan Developer slated to start Petrobras contract August 2021     Deepwater Asgard secures contract with Beacon Offshore Energy   Transocean was awarded a contract for the Deepwater Asgard from Beacon Offshore Energy. It is scheduled to start in June 2021.     Deepwater Asgard secures contract with Beacon Offshore Energy     Valaris receives 500-day deal for semi MS-1 (ex Atwood Osprey)   It has now been confirmed that Santos has secured further time on moored semisub Valaris MS-1 to cover development drilling at its Barossa field development Phase 1 offshore Australia. The contract is expected to last for around 500 days, commencing from Q2 2022.     Valaris receives 500-day deal for semi MS-1 (ex Atwood Osprey)     3 missing after CNOOC blowout in northeastern China   Three crew members are missing after a well blowout and fire on an oil rig platform in the Bohai Sea in northeastern China earlier this week that halted operations in China’s largest offshore oil field.     3 missing after CNOOC blowout in northeastern China     Noble in discussions to sell 6th gen drillships Pacific Bora and Pacific Mistral   Noble has now commenced talks to sell drillships Pacific Mistral and Pacific Bora following the completion of the acquisition of Pacific Drilling earlier this month.     Noble in discussions to sell 6th gen drillships Pacific Bora and Pacific Mistral   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here  

Rig Lynx
Apr 01, 2021

  For March we had over 44k article views, here are the top 5!   Deepwater was king this month with news from Noble, Pacific, Dolphin, Apache, Total, Vantage and Seadrill   Thanks for reading with us and we wish you a great April!   Stay safe!   Noble Drilling and Pacific Drilling Announce Merger   Noble Corporation and Pacific Drilling Company LLC announced today that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.  The definitive merger agreement was unanimously approved by each company's Board of Directors.     Noble Drilling and Pacific Drilling Announce Merger     Bolette Dolphin sold for $85 million to Deep Value Driller AS   This was reported via Fernley Securities as the proceeds from the private placement will be used for the acquisition of the ultra-deepwater drillship formerly known as “Bolette Dolphin” and strategically positions the company towards the expected offshore drilling market recovery.     Bolette Dolphin sold for $85 million to Deep Value Driller AS     Apache and Total stop drilling offshore Suriname due to blowout risk   As drilling progressed, the well encountered substantial pressure increases that APA and Total determined could ultimately exceed the capabilities of the wellbore design and pressure control equipment.     Apache and Total stop drilling offshore Suriname due to blowout risk     Deepwater to have record growth in coming years   Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a Rystad Energy report shows.     Drilling activity is set for two consecutive years of growth     Vantage Drilling and Seadrill Partners finalize agreement on management of SDPL floaters   Vantage Drilling International (“Vantage”), announced that it has entered into a Framework Agreement and related Management and Marketing Agreements with Seadrill Partners LLC (“Seadrill Partners”) under which Vantage’s subsidiaries will provide operating, management and marketing services to Seadrill Partners and its subsidiaries in respect of four of their deepwater floaters.     Vantage Drilling and Seadrill Partners finalize agreement on management of SDPL floaters   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here

Rig Lynx
Mar 07, 2021

  For February we had over 31k article views, here are the top 5!   News from Petrobras, Transocean, Maersk, and Vantage    Thanks for reading with us and we wish you a great March!   Stay safe!   Petrobras launches tender for 5 offshore rigs   In the midst of the process of change in its high command, Petrobras launched a new tender that promises to move the market. The state-owned company published a public notice to contract up to five offshore drilling rigs.     Petrobras launches tender for 5 offshore rigs     Maersk announces new contract details for the Discoverer   As stated in their Fleet Status Report, Maersk Discoverer will drill two exploration wells for BG International Ltd., a subsidiary of Shell, offshore Trinidad and Tobago.     Maersk announces new contract details for the Discoverer     Higher dayrates and more work for Transocean   During Transocean’s last earnings call, CEO, Jeremy Thigpen, said that BHP exercised one of its options on the 2014-built Deepwater Invictus drillship at an increased day rate of $215,000.     Higher dayrates and more work for Transocean     Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters   Under the management and marketing agreements, the VHI Entities will provide marketing and operations management services in respect of certain of the Seadrill Entities' deepwater floaters.     Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters     Today we remember the Ocean Ranger   February 15th marks the anniversary of the 1982 ODECO Ocean Ranger drilling rig disaster in which 84 offshore workers lost their lives.     Today we remember the Ocean Ranger   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here