Rig Lynx Weekly Rundown – Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters

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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.

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Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters

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TPAO in negotiations with Dolphin Drilling for drillship purchase 

The Daily Sabah did not mention a vessel name, but it is more than likely the Bolette Dolphin which was selling for a much higher rate in 201.

VesselsValue is said to value the drilling vessel at $95 million, but the price being negotiated has not been disclosed as of yet.

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TPAO in negotiations with Dolphin Drilling for drillship purchase

Transocean issues fleet status update, holds $7.8 billion in backlog

Transocean Ltd. issued their quarterly Fleet Status Report and it provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. 

As of February 12, the company’s total backlog is approximately $7.8 billion.

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Transocean issues fleet status update, holds $7.8 billion in backlog

Noble emerges from Chapter 11

Noble Holding Corporation plc ("Noble UK") announced on February 5, 2021 it successfully completed its financial restructuring and its debtor affiliates have emerged from Chapter 11 with a new parent company organized under the laws of the Cayman Islands named Noble Corporation ("Noble" or "the Company").

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Noble emerges from Chapter 11

Maersk and KNOC ink first drillship operation

Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea.

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Maersk and KNOC ink first drillship operation

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Best of Overtime Volume 2

Ryan predicts oil $75 the next day, Hydrogen powered Toyotas, who would last longer, GM for the Mets or first person to land on Mars, running with the bulls

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West Africa Weekly 

Oil Prices, Sonatrach’s New MOU, Nigeria’s First Methanol Plant, Exxon Court Summons, Cameroon with Victoria Oil and Gas, GE to Supply Senegal Power Plant

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Oil Prices

February 12, 2021

WTI

$59.47

Brent

$62.64

Natural Gas

$2.91

Rig Count

U.S. & Canada – February 12, 2021

International – February 5, 2021

International Rigs

( +12 ) 677

U.S. Rigs

( + 5 ) 397

Canada Rigs

( + 5 ) 176

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