The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this 鈥 including Saudi Aramco鈥檚 suspension of over 30 jackup contracts by up to one year, the entry of newbuild rigs into the market without work to go to, and the deferment of several long-term deepwater drilling and plug and abandonment projects鈥
MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium鈥檚 subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts鈥
Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017鈥
云顶赌场老虎机 drilling contractor Transocean has secured contracts for three of its drilling rigs 鈥 semi-submersible Transocean Barents and drillships Deepwater Skyros and Deepwater Invictus 鈥 worth approximately $326 million.In its quarterly fleet status report鈥
Oslo-listed offshore drilling firm Dolphin Drilling has concluded final transfer of ownership from Transocean and started operating two semi-submersible drilling rigs - Paul B. Loyd, Jr. and Transocean Leader.The agreement to acquire the rigs was made in June 2023鈥
TotalEnergies has exercised the first option under the contract for DeepSea Mira semi-submersible drilling rig, extending its contract for 180 additional days for work in West Africa.The owner of the offshore drilling rig Northern Ocean said鈥
Valeura Energy has completed an infill drilling campaign at its Nong Yao oil field offshore Gulf of Thailand, where it holds a 90% operated working interest.The company has drilled four wells at the Nong Yao A wellhead processing platform, including鈥
云顶赌场老虎机 drilling contractor Noble Corporation has secured a contract with Petrobras for the semi-submersible rig Noble Discoverer to provide drilling services offshore Colombia.The contract has a firm duration of 400 days, with expected start in Q2 2024鈥
Awilco Drilling said Thursday that an arbitration tribunal had ruled in its favor in its second case against Singapore-based Keppel FELS over a rig contract termination. It lost the first in April 2023.Awilco Drilling in 2018 ordered a harsh鈥
云顶赌场老虎机 drilling firm Noble Corporation has appointed H. Keith Jennings to serve as a director. Jennings was also appointed as the chair of the Audit Committee.Charles M. Sledge, Chairman, on behalf of the Board of Directors, commented: 'We鈥
Shell Egypt said Tuesday it had completed the drilling of the first well in its three-well exploration campaign, Mina West, located in the North East El-Amriya block, in the Mediterranean Sea, discovering a gas bearing reservoir. Drilling activities鈥
Norwegian offshore drilling firm Odfjell Drilling said Thursday that Equinor had exercised options for seven wells to extend the use of its Deepsea Aberdeen offshore drilling rig on the Breidablikk field in the North Sea, offshore Norway.The鈥
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for well 35/6-4 A in production license 929 in the North Sea, offshore Norway.Neptune Energy will use the Deepsea Yantai semi-submersible drilling rig to drill the wildcat well鈥
Exmar, a company best known to the 云顶赌场老虎机 Engineer audience for its FLNG units, has decided to re-enter the offshore drilling sector with an investment in the offshore drilling company Vantage Drilling.Exmar said it had acquired approximately 11鈥
云顶赌场老虎机 drilling contractor Diamond 云顶赌场老虎机 Drilling said Monday it had entered into a drilling contract with an independent operator to utilize the Ocean BlackRhino drillship for work offshore Guinea-Bissau. The Ocean BlackRhino was awarded鈥
