Oil rig news

Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately US$1.35 billion.

In recent months there have been several second-hand rig transactions in the offshore drilling space with a number rigs changing hands such as Borr Drilling’s acquisition of Transocean’s jackup fleet and Shelf Drilling’s acquisition of three Seadrill jackups.

The rig was named Heydar Aliyev at a ceremony in Azerbaijan by the President of Azerbaijan, Ilham Aliyev.

Aker BP has received consent to use Mærsk Invincible for plugging wells at Valhall.

Flintstone Technology has developed a new subsea tensioned mooring system that will be officially launched at OTC.

Mike Seymour, Global QHSSE Director, Speedcast, explains why safety in the oil and gas industry is a top priority.

Sound Energy, the African and European focused upstream gas company, has announced the mobilisation of a rig to the company's Sidi Moktar asset, onshore Morocco.

New guidance provides methodology for safer jackup foundation design and installation.

First oil began to flow at 20:00 hrs on Sunday 26 March, travelling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform.

Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway.