Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Seatrium wins repeat Kingdom 4 jack-up contract

General – Newbuilding

Seatrium Offshore Technology has secured a repeat contract from International Maritime Industries for Kingdom 4, a LeTourneau Super 116E Class jack-up rig, deepening offshore drilling cooperation in the Kingdom.

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Borr Drilling expands fleet with five Noble rigs

General – Drilling Rigs

Borr Drilling has signed a US$360 million agreement to acquire five jack-up rigs from Noble Corp, while preparing to raise roughly US$85 million through a public offering of 21 million shares.

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Drilling job in Saudi waters on ADES rig’s agenda in January

Fossil Energy – Drilling

Saudi Arabia-headquartered ADES Group has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia.

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Borr Drilling terminates two rig contracts due to sanctions

Fossil Energy – Termination

Borr Drilling announced Friday it has terminated two drilling contracts in Mexico following the implementation of international sanctions affecting an unnamed counterparty.

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Development campaign Valeura’s Jasmine field

Fossil Energy – Drilling

Valeura Energy’s development drilling campaign at the Jasmine field on Block B5/27 offshore Thailand is underway with Borr Drilling 400-ft jackup Mist.

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