Search results for: dayrate

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  • 28 June 2013
    Business & Finance

    Polarcus Limited, a UAE-based seismic acquisition specialist, has today entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Nadia and Polarcus Naila. The parties to the arrangement have agreed to amend the charter hire and call options under the terms of the bareboat charter. The current rate of […]

  • 26 November 2014
    Exploration & Production

    Sevan Drilling, a Norway-based drilling contractor, had a disappointing third quarter when it comes to its rig fleet utilization. The company that owns three ultra-deepwater drilling rigs of cylindrical shape, reported its technical utilization of 64% versus 93% in the third quarter 2013. In a webcast, presenting the third quarter results, Scott McReaken, Sevan Drilling CEO, explained […]

  • 15 April 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Noble Corporation has received a two-year contract extension for a jack-up drilling rig, stacked two semi-subs, and reduced dayrates for two drillships.  In its latest fleet status report, Noble said that the contract for the jack-up drilling rig Noble Hans Deul was extended by Shell from early August 2016 until early August […]

  • 10 October 2014
    Exploration & Production

    Noble Corporation has been awarded two short-term contract extensions for its Noble Driller semi-submersible drilling rig.

  • 22 July 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Transocean has stacked six rigs and has received new rig contracts as well as changed dayrates for several of its rigs.  In the company’s latest fleet status report, covering a period from April to July 2016, the driller revealed that six rigs have been stacked; the 1999-built drillship Deepwater Millennium, the 2001-built semi-submersible […]

  • 8 January 2020
    Business & Finance, Exploration & Production

    Transocean has secured a $352.9 million of contract backlog from new contracts and extensions. The company sees this as a sign of improvement in the offshore drilling market.

  • 26 July 2017
    Business & Finance, Exploration & Production

    Offshore drilling contractor Transocean has secured more work for its drilling rigs, which meant returning from idle state for a couple of them, and decided to sell two.  In its quarterly fleet status report on Tuesday, Transocean confirmed that the ultra-deepwater semi-submersible GSF Development Driller I was awarded a three-well contract plus two one-well options […]

  • 20 November 2015
    Business & Finance, Exploration & Production

    Two Noble Corporation’s drilling rigs have experienced operational downtime with zero dayrate in the fourth quarter of 2015 due to maintenance and inspection.  According to Noble’s latest fleet status report issued on Thursday, Noble Bully I drillship experienced 13 days of operational downtime at zero dayrate for thruster maintenance in the fourth quarter of 2015. The […]

  • 20 December 2019
    Business & Finance, Exploration & Production

    U.S. oil major Chevron has exercised an option for the Pacific Drilling-owned drillship Pacific Sharav, operating in the U.S. Gulf of Mexico. 

  • 16 May 2014
    Business & Finance

    Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since April 17, 2014. The total value of new contracts since the April 17, 2014 Fleet Status Report is approximately $953 million. The Dhirubhai Deepwater KG1 […]

  • 20 July 2015
    Business & Finance, Exploration & Production

    Rowan Companies, a Houston-based drilling contractor, has sold two jack-up drilling rigs effective July 1, 2015. In addition, Rowan has signed several new contracts and contract extensions.  Namely, the Rowan Alaska and the Rowan Juneau have been retired from service as drilling units as the company has entered into contracts for sale of the rigs with an expected closing […]

  • 19 September 2012
    Business & Finance

    Transocean Ltd. issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out of service time of 15 or more days since August 15, 2012. Total backlog associated with new contracts or extensions since the August 15, 2012 fleet update summary is approximately $1.7 billion. […]

  • 1 July 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Rowan Companies has been awarded several contracts extensions for its drilling rigs with a reduced dayrate.  The drilling contractor’s drillship Rowan Resolute has been awarded blend and extend amendment with Anadarko in the U.S. Gulf of Mexico. Extension is at a dayrate of $580,000 for an estimated 273 days, calculated by 1.3 times the […]

  • 1 October 2015
    Business & Finance, Exploration & Production

    Atwood Oceanics’ ultra-deepwater drillship Atwood Achiever has been awarded a contract extension with a reduced dayrate. Namely, Kosmos Energy, an independent oil and gas exploration and production company, said on Thursday the contract for the drillship was extended by one year, but the dayrate was reduced. The Atwood Achiever started its three-year drilling services contract with […]

  • 16 May 2014

    Transocean Ltd. has, since April 17, received new drilling contracts valued $953 million in total. In its fleet status report, the drilling contractor said that its Dhirubhai Deepwater KG1 drillship was awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog). The rig’s prior dayrate was $510,000. The drillship, currently […]

  • 11 March 2016
    Exploration & Production

    Offshore driller Hercules Offshore has seen cuts in dayrates for three of its drilling rigs operating in Saudi Arabia. Hercules Offshore on Thursday said that it received from Saudi Aramco on March 9, 2016, a notice reducing the dayrates under its five year contracts for the Hercules 261 and Hercules 262 from $67,000 per day to $63,650 […]

  • 16 May 2013
    Business & Finance

      Transocean Ltd., a Switzerland-based offshore drilling contractor, said in its monthly fleet update summary, providing information on the new contracts and significant changes to existing contracts, that the value of new contracts or extensions since the April 18, 2013 fleet status report is approximately $662 million. Deepwater Millennium drillship, working currently in Mozambique, has […]

  • 15 September 2014

    Noble Corporation, a U.S.-based offshore drilling contractor has secured two Gulf of Mexico contracts.

  • 18 August 2017
    Business & Finance, Exploration & Production

    Offshore driller Noble Corporation has been awarded a double contract extension for one of its drilling rigs in the U.S. Gulf of Mexico. Namely, Noble said on Thursday in its fleet status report that the 1981-built semi-submersible drilling rig Noble Paul Romano secured two extensions with the oil company Hess in the Gulf of Mexico; […]

  • 23 June 2015
    Business & Finance, Exploration & Production

    Transocean, one of the world’s largest offshore drilling contractors, has amended its construction contracts with Sembcorp Marine’s subsidiary, Jurong Shipyard, to delay the delivery of its two newbuild, ultra-deepwater drillships by 24 months. Transocean ordered two drillships, $540 million each, from Jurong in February 2014. The drillships will be built based on Jurong Shipyard’s proprietary Jurong […]

  • 27 November 2019
    Business & Finance, Exploration & Production

    Offshore drilling company Seadrill has won a contract for its West Carina drillship with Thai PTTEP.

  • 4 September 2012
    Business & Finance, Project & Tenders

    Noble Corporation today reported that its seven active rigs operating in the U.S. Gulf of Mexico sustained no damage as a result of Hurricane Isaac. In preparation for the storm, the Company had suspended operations on these rigs, with each unit generally operating at a dayrate reduced to 90 percent to 95 percent of its […]