Five rig-owning titans – Transocean, Valaris, Noble, Seadrill, and Diamond Offshore -which are seen as the crème de la crème of the offshore drilling contractors, have managed to increase their combined total backlog to a whopping $21.8 billion.
The p…
Transocean has landed a new long-term ultra-deepwater drillship assignment in the U.S. Gulf of Mexico with BP.
The post BP takes Transocean floater rig for multi-year Gulf of Mexico work with $531 million price tag appeared first on Offshore Energy.
Dubai-headquartered offshore drilling contractor Shelf Drilling has decided to sell one of its jack-up rigs for $60 million to an undisclosed buyer.
The post Shelf Drilling saying goodbye to 1983-built rig, reveals name of new CFO appeared first on Off…
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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.
The post Shell spins the drill bit in North Sea with Valaris rig appeared first on Offshore Energy.
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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 offshor…