Borr wins new jack-up work in Southeast Asia
Borr Drilling has secured a new four-year contract for its Saga jack-up rig in Southeast Asia.
Rigs & Vessels
Offshore rig day rates heading for highest level in ‘almost a decade’
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Maersk Drilling sells Convincer rig to ADES in $42.5m deal
Maersk Drilling has reached a deal to sell its Maersk Convincer oil rig to Middle East and Africa-focused driller ADES for $42.5 million.
Borr Drilling awarded contracts and extensions for five jack-ups
Borr Drilling has been awarded new contracts and extensions for five of its jack-up drilling rigs spanning Southeast Asia and the Middle East.
Noble execs get top billing with Maersk Drilling merger
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Tidewater snaps up Swire, Angolan JV
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.
Valaris warns costly rig reactivations await after 2021 results
Offshore driller Valaris (NYSE: VAL) said its “transitional period” post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
BW Offshore takes $67m FPSO impairment
Floating production storage and offload (FPSO) vessel operator BW Offshore will take a $66.6 million impairment on the value of several of its vessels, amid a poor outlook for future redeployments.
Companies named and shamed for sending ships to ‘dire’ beaching yards
Saipem and BW Offshore are among a host of companies that have been shamed for sending their vessels to the “infamous shipbreaking beaches of South Asia”.
Shelf Drilling books contract extensions with Chevron in Thailand
Shelf Drilling has secured contract extensions for two jack-up rigs in the Gulf of Thailand with Chevron Thailand Exploration and Production.
Malaysia’s Yinson wins Brazil FPSO deal
Malaysia’s Yinson, an energy infrastructure and technology company, will provide a floating storage and offloading (FPSO) vessel to Enauta Energia for use at the Atlanta field in the Santos basin offshore Brazil in a deal worth at least $505 million.
Singapore’s Keppel wins $2.3bn FPSO deal from Brazil’s Petrobras
Singapore’s Keppel Offshore & Marine (Keppel O&M) will build one of the world’s largest floating production storage and offloading (FPSO) vessels for Brazil’s Petrobras after winning a contract worth $2.3 billion.
Qatar signs on to cut LNG carrier costs
Qatar Petroleum (QP) has signed a deal backing LNT Marine's LNG containment system for new medium and large LNG carriers.
COSL benefits as China offshore capex surges
China Oilfield Services Limited (COSL) is expected to have another solid year in 2021 as offshore capital spending is set to surge to record levels in China.
Borr Drilling ‘encouraged’ by increased activity as $35m added to backlog
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Last topside module installed at Coral Sul FLNG
Mozambique’s $7 billion floating LNG (FLNG) project is on course for starting up production in 2022, Eni has said.