Oil rig news

As part of the transaction, Repsol has assumed responsibility for the day-to-day operation of the rig on the Yme field, leasing the rig from Havila Sirius on behalf of the Yme licensees.

ADC’s recent project highlighted that Dynamically Positioned rigs operating in a closed-bus configuration can successfully reduce annual CO2 emissions by 4800 tpy – delivering a fuel saving of US$620 000 per year - while reducing engine running hours by 20%.

The company has signed an agreement to acquire the semi-submersible drilling rig Leo from Aquadrill LLC for a total consideration of US$14 million.

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

Noble Corp., the owner of the Noble Hans Deul rig, has initiated an investigation into the cause of the issue.

Valaris jack-ups have been contracted for work offshore the Netherlands, the UK North Sea and offshore Timor-Leste.

A comprehensive damage assessment of the West Delta-143 (WD-143) offshore facilities from Hurricane Ida has revealed significant structural damage.

The planned start-up of operations for the Parameswara jack-up rig in the Mumbai High is 1Q22.

Demand for land rigs is estimated to return to pre-pandemic (2019) levels by 2025, according to analysis by Westwood Global Energy Group.

The Noble Roger Lewis, Noble Scott Marks, Noble Joe Knight, and Noble Johnny Whitstine are to be sold and the current drilling contracts novated to ADES.