Shell reassures workers amid concerns about Covid day rate pay
Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.
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Offshore drilling firms should re-think ‘primitive’ day rate model, says BCG
Offshore drilling firms should re-think the “primitive” day-rate business model in order to survive the current industry crisis, according to new analysis from Boston Consulting Group (BCG).
Noble new-builds win work
Noble Drilling has advised that it has secured two new contracts for its new-build jack-up drilling rigs currently under construction at the Jurong Shipyard in Singapore.
Cuban well a duster; now it’s the turn of Petronas
The latest attempt to find oil and gas offshore Cuba has drawn a blank . . . at least so far.
Maersk Drilling’s full house
Maersk Drilling has signed a new contract with Centrica worth at least $60million and which fills its available rig capacity in Norway until Q2 2014.
Transocean extends Nexen deal
Transocean said yesterday it had extended a deal with operator Nexen for a rig in the North Sea.
Transocean seeking to recover rig costs
Transocean, the world's biggest offshore oil and gas drilling contractor, has said it will take action to try and recover costs on one of its rigs which was being used by Oilexco North Sea (ONS) in the UK North Sea.