Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.
International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to beco
ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.
Following contract preparations in Singapore, two jack-up rigs from Borr Drilling are en route to Saudi Arabia.
Oil major Chevron and its partners in the Aphrodite gas field off Cyprus have allocated funds for the drilling of an appraisal well and other development costs for the project.
Valaris has expressed its excitement over growth prospects arising out of a 20-rig newbuild programme, which ARO Drilling is pursuing.
Seadrill has entered into a binding share purchase agreement with ADES to sell the legal entities that own and operate seven jack-ups in Saudi Arabia.
UAE’s ADNOC has awarded framework deals described as “largest-of-its-kind” totalling $1.83 bln for drilling-related services to five firms.
ADNOC Drilling has inked a deal to acquire an additional premium offshore jack-up drilling rig as part of its fleet expansion programme.
India’s Aban Offshore has completed the sale of a jack-up drilling rig to ADES International, which was postponed on several occasions.
BW Energy has revealed that a former jack-up rig, which was converted to an offshore production unit, is on its way to Gabon.
ADNOC L&S has been awarded a contract totalling $1.7 billion by ADNOC Offshore for jack-up barges to support production capacity growth.
ADNOC Offshore has awarded two contracts worth more than $3.4 bln to ADNOC Drilling for eight rigs to expand offshore drilling activities.
Offshore drilling contractor Noble Corporation is seeing an increase in demand for offshore drilling rigs.
