Global offshore rig utilisation to average 95% this year, says Westwood
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
drillships
Drillships ‘leading deepwater recovery’ as day rates pass $400k
Drillships are driving the recovery in the deepwater market, according to a leading rig analyst, with contractors moving to procure new or stranded units as day rates continue to rise.
Demand for offshore rigs predicted to rise in coming years – Bassoe
The demand for offshore rigs is expected to grow in the coming years, despite scores of assets currently sitting idle.
Transocean agrees deal to defer $460m payments on new drillships
Transocean has hailed a “monumental achievement” in striking a deal with shipyard owners to defer $460m payments on two new-build drillships.
Drillships back to pre-Covid levels as owners test $200K ‘ceiling’ on day rates
The “psychological ceiling” of $200,000 day rates for offshore drillships will be broken “more routinely” now that the market has reached pre-Covid levels.
Use of offshore rigs sees ‘largest monthly drop for 20 years’ – Rystad
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
Transocean to acquire shares, vessels in takeover of subsidiary
Transocean said it has agreed to acquire all of the outstanding common units of Transocean Partners in a share-for-unit merger transaction.
Transocean wins UAE contract
Transocean has won a contract for its GSF Constellation I drillship in the United Arab Emirates (UAE). The win comes after the company said yesterday it had agreed with oil major Shell, to delay two drillships both by 12 months. The dayrate for the drillship will be $104,000.
Transocean and Shell agree to delay deepwater drillships
Transocean and oil major Shell have agreed to delay the operating and delivery contracts for two newbuild ultra deepwater drillships by 12 months each. The company said the agreement had been struck between itself, Shell and Daewoo ShipBuilding & Marine Engineering. The decision affects the Deepwater Pontus and the Deepwater Poseidon.
Seadrill delays new rigs as profits dip
Seadrill has delayed delivery on 10 of its new-build projects as it saw profits fall as more of its fleet lay idle due to declining oil and gas activity.