Valaris Secures Rig Contract Extensions Worth $95M

Offshore drilling company Valaris has secured new contracts and contract extensions worth $95 million in total. The contracts were awarded subsequent to the issuing of Valaris' most recent contract awards and fleet status update on September 1, 2022. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. In Brazil, TotalEnergies... Continue Reading →

Offshore Drillers Noble Corporation and Maersk Drilling Complete Merger

(OE) Offshore drilling companies Noble Corporation and Maersk Drilling have completed their merger. The transaction concluded through the completion of Noble’s recommended voluntary public share exchange offer to the shareholders of Maersk Drilling.  The companies are now operating as a single organization as of October 3, 2022.  Noble’s President and Chief Executive Officer, Robert Eifler, said:... Continue Reading →

New Brazilian assignment for Solstad vessel

Norwegian offshore vessel owner Solstad Offshore has been awarded a new contract offshore Brazil for one of its platform supply vessels (PSVs).   Solstad Offshore informed on Monday that PSV Normand Titus has been booked by Trident Energy do Brasil for work in Brazilian waters, where Trident operates and owns 100 per cent working interest in ten concessions. The... Continue Reading →

Samsung Heavy Industries, Equinor Sign Strategic Collaboration Deal

(OE) Samsung Heavy Industries (SHI) has signed a "Strategic Collaboration Agreement" with Equinor, Norway's largest energy company, to strengthen its competitiveness in the offshore EPC business. According to SHI, the two companies have recognized that a longer-term and closer collaboration on the future project portfolio could be mutually beneficial for Equinor's future projects requiring "Asian... Continue Reading →

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