Borr Drilling believes that the growth in the shallow-water drilling is set to continue in 2020. The average length of a jack-up contract has increased, supported by strong tendering activity, where Borr sees a demand for more than 40 modern jack-up rigs in various tenders across the world.
Odfjell Drilling posted a decrease in quarterly profit despite increase in revenues driven by mobile offshore drilling units segment.
Seadrill has seen an improvement in the offshore drilling market throughout 2019. Although the pace of the recovery has slowed down at the beginning of 2020, Seadrill expects continued market recovery over the remainder of the year.
Dolphin Drilling has secured a one well plus one optional well contract with Wellesley Petroleum for drilling work on the Norwegian Continental Shelf.
Wintershall Dea is in the process of concluding the drilling of an appraisal well on the 6604/5-1 (Balderbrå) gas discovery in the northern Norwegian Sea. The well is dry.
Awilco Drilling has signed a letter of intent with Serica Energy for the provision of WilPhoenix rig for a one-well workover on the Rhum field offshore the UK.
Norway’s Petroleum Safety Authority has given its consent to Wintershall Dea for an exploration drilling in the Norwegian Sea, using the Scarabeo 8 rig.
Norway’s Petroleum Safety Authority has given its consent to Capricorn for exploration drilling in the North Sea, using the Island Innovator drilling rig.
Shelf Drilling has closed a private placement of $80 million of senior secured notes with an intention to use the proceeds to finance activation and upgrade costs for a drilling rig recently acquired from Maersk Drilling.
Noble Corporation has managed to keep its net loss flat in the last quarter of 2019 while its revenues increased during the period.
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for a well in the Barents Sea offshore Norway.
Transocean has booked a loss for the last quarter of 2019 as its revenues increased. The company has reduced the loss sequentially and year-over-year helped by gain on termination of construction contract, tax items, and disposal of assets
Transocean has secured more work for its fleet of offshore drilling rigs and brought its total contract backlog to over $10 billion.
An investigation has been launched into an incident on a Valaris-owned jack-up drilling rig, currently working for Chrysaor in the North Sea, following an incident involving the rig’s crane.
