Offshore oil contractor Borr Drilling Ltd. (NYSE:BORR) expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates.
US offshore drilling rig operator Noble Corp has announced it will acquire smaller rival Diamond Offshore in a cash and stock deal worth around $1.59 billion (£1.25bn).
The two-year contract extension will keep the semi-submersible rig with Aker BP until the end of 2026
A huge semi-submersible drilling rig is bucking the current industry trend and setting course for the UK North Sea.
Norwegian energy giant Equinor (OSLO: EQNR) has tied down two Odfjell Drilling rigs for further well campaigns.
Noble Corporation (NYSE: NE) is reaping the benefits of a “steady tightening” drilling market as the US group’s order backlog nears $5 billion.
Odfjell Drilling (OSLO: ODL) remains comfortably in the black after a “highly impactful and exciting year” for the contractor.
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
Aberdeen-headquartered Dolphin Drilling has bagged a yearlong contract worth $96 million (£84m) for work offshore Africa.
Offshore drilling contractor Valaris (NYSE: VAL) has announced a handful of new deals and extensions.
After three years away, Dolphin Drilling has today returned to the capital markets, with a view to a public listing at the end of next month.
“Offshore drilling is coming back, big time,” Bjornar Iversen, chief executive of Dolphin Drilling, excitedly told a room of senior company figures, and myself, during a visit to the Borgland Dolphin rig in Norway last month.
Shell has handed drilling contractor Valaris $60 million (£51.8m) to continue using one of its jack-ups in the North Sea.
W&T Offshore has hired Skadden, Arps, Slate, Meagher & Flom to conduct an internal investigation of management’s close relationship with information-technology vendor AAIT, according to people with knowledge of the situation.
All of Noble’s floating drilling units were contracted in the second quarter of the year, as offshore drilling continues its renaissance.
Offshore drilling giant Transocean (NYSE: RIG) has announced two new contract wins totalling more than $1 billion.
Offshore contractor Awilco Drilling has secured a short-term, multi-million pound shareholder loan to fund its operations.
Dozens of roles are to be added to Well-Safe Solutions after the company struck a multi-million pound deal to buy a semi-submersible rig.
Maersk Drilling has been awarded contracts with Shell for the provision of its Maersk Voyager vessel for drilling services offshore multiple countries.
The market for shallow water offshore drilling is on the up sparked by higher oil and gas prices and tight supply.
Offshore drilling firm Seadrill has today announced that it has secured two contracts with Petrobras for work on the Buzios field, off Brazil.
Neptune Energy has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig.
Work is due to resume shortly on IOG’s (LON: IOG) flagship North Sea project after repairs were successfully carried out on an oil rig.
Maersk Drilling and Noble Corporation have announced a merger between the two offshore drilling companies.
A Valaris rig has had to be deep cleaned after an outbreak of Covid-19 on board.