Dubai-headquartered offshore drilling contractor Shelf Drilling has decided to sell one of its jack-up rigs for $60 million to an undisclosed buyer.
Shell has embarked on drilling operations at a high-impact gas prospect in the UK sector of the North Sea with a jack-up rig, owned by Valaris.
With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.
Borr Drilling has won a series of new contracts, extensions, and potential assignments for three premium jack-up rigs, covering 1,779 days and bringing $332 million in contract revenue, including mobilization and demobilization compensation.
Transocean has landed multi-million contracts and extensions in the U.S. Gulf of Mexico, Norway, Australia, and Brazil for seven floaters, encompassing four drillships and three semi-submersible rigs.
In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.
Shell is anticipating the arrival of Valaris’ heavy-duty jack-up rig, which is now on its way to the Southern North Sea to undertake drilling activities at a gas prospect on the UK Continental Shelf (UKCS).
Dolphin Drilling has confirmed that one of its semi-submersible rigs is still making its way to Asia to kick off its new drilling campaign off the coast of India.
Noble Corporation has won a new assignment for one of its jack-up rigs, enabling it to work off the coast of Poland for the first time.
Valaris has won a multi-year drilling assignment for one of its drillships in Brazil, which enables the rig to work for Equinor.
Diamond Offshore Drilling has found a new assignment for one of its seventh-generation drillships in the U.S. Gulf of Mexico.
Diamond Offshore is working on bolstering the capabilities of its drillships by equipping them with a managed pressure drilling (MPD) system.
Encouraged by the current results of its well intervention program, Trillion Energy is anticipating an increase in gas flow rates from the wells at its natural gas field in the Black Sea.
Texas-based one-stop shop for asset management Allrig has won two new assignments with undisclosed drilling contractors in West Africa and Brazil.
