UAE-based offshore drilling firm Shelf Drilling (SHLF) has initiated a business consolidation plan via triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS), as the surviving entity in the proposed merger, and SHLF as the issuer of the merger consideration shares.The combination will fully consolidate SHLF’s jack-up fleet, solve the previously disclosed funding…
Offshore drilling contractor Vantage Drilling has completed the sale of two premium jack-up rigs to ADES Holding Company, contracted for work in Southeast Asia.The sale includes the Topaz Driller jack-up rig, operating in the Malaysia-Thailand joint development area…
Mammoet has been hired by shipbuilder and ship repair company Damen Shiprepair to assist with a jack-up leg repair for the Noble Corporation drilling rig Noble Regina Allen, reducing the downtime of the rig during retrofit process.Initially…
Offshore drilling contractor Shelf Drilling has closed the sale of its Baltic jack-up rig for $60 million with an undisclosed client.Shelf Drilling said the buyer intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Malaysia…
Saudi oil and gas driller ADES Holding has acquired two premium jack-up drilling rigs from Vantage Drilling, contracted in Southeast Asia, for $190 million.The transaction encompasses the direct asset acquisition of the Topaz jack-up rig, contracted…
Offshore drilling contractor Shelf Drilling has signed an agreement for the sale of Baltic jack-up rig for $60 million with an undisclosed client.The buyer intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Southeast Asia…
Offshore drilling contractor Borr Drilling has secured contracts for three of its premium jack-up drilling rigs, which will be put to work in Brazil, Malaysia and Gabon.These contract and extensions for Borr Drilling’s Arabia I, Gunnlod and Norve jack-ups cover a total of 1…
Offshore drilling contractor Seadrill on Tuesday announced it has completed the sale of its three rig jack-up fleet in Qatar.The previously disclosed sale sees the company divest the West Castor, West Telesto and West Tucana, as well as its…
Noble Corporation has entered into a definitive agreement to acquire Diamond Offshore, creating a fleet of 41 rigs - including 28 floaters and 13 jack-ups, and a combined backlog of approximately $6.5 billion.Noble will acquire Diamond in a stock plus cash transaction…
Offshore drilling contractor Seadrill on Thursday announced it has reached a deal to sell its three-rig fleet of jack-ups in Qatar.The definitive agreement will see Seadrill sell the rigs West Castor, West Telesto and West Tucana, as well as…
Saudi oil and gas drilling contractor ADES Holding has secured a contract from Suez Oil Company (SUCO) for a 21-month jack-up drilling work in the Gulf of Suez, offshore Egypt.The contract, whose firm term is valued at $42.9 million (SAR 161 million)…
Offshore drilling company Valaris has secured new contracts and extensions for its drilling rigs, increasing its contract backlog to approximately $4 billion.Since its latest fleet status report, issued on February 15, 2024, Valaris has secured…
Saudi oil and gas driller ADES Holding has secured a contract from major international oil company for one its jack-up drilling rigs, valued $93.3 million.ADES Holding received the letter of award for a one-year firm jack-up drilling contract in Qatar with three optional six-month extensions…
Offshore drilling contractor Borr Drilling has secured work for three of its premium jack-up rigs, bringing in $158.6 million to the company.The new contracts are for the Prospector 1, Gunnlod, and a rig to be determined. The commitments total 820 days and $158…
Offshore drilling contractor Shelf Drilling has received a notice of suspension of operations of four jack-up rigs from a customer in the Middle East.The company said it is in active discussions with the customer to determine which rigs will be suspended and the exact timing of the suspensions…
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