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Jack Ups News

 

Borr Drilling Finds Buyer for Three Under-construction Jack-ups

Jun 27, 2022

Jack-up drilling rig owner Borr Drilling has signed a binding letter of intent with an unnamed buyer for the sale of three high-spec jack-up drilling rigs currently under construction with Keppel FELS shipyard for $320 million.Borr Drilling said that the rigs -  'Tivar' (KFELS Super B Bigfoot Class/400ft), 'Huldra' (KFELS Bigfoot B Class/400ft) and 'Heidrun' (KFELS Bigfoot B Class/350 ft) - are expected…

Noble Corp. Finds Buyer for Five North Sea Rigs, Paving Way for Maersk Drilling Merger Completion

Jun 23, 2022

Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…

Shelf Drilling to Buy Aban Offshore's Jack-up Rig for $30M

Jun 18, 2022

Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

May 18, 2022

Oslo-listed offshore drilling firm Borr Drilling has won a binding Letter of Award for its jack-up drilling rig 'Saga' from an undisclosed operator in Southeast Asia.The drilling program is expected to start in Q4 2022, in direct continuation of the current contract…

Jack-up Rig Utilization, Pricing to Hit Pre-pandemic Levels in 2022, Shelf Drilling CEO Says

May 13, 2022

Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…

Middle East: Seadrill Wins Jack-up Rig Contracts Worth $404M

Apr 28, 2022

Offshore drilling company Seadrill said Thursday it had secured three contracts with  'a leading operator' in the Middle East for three of its drilling rigs.The contracts, with an unnamed client, are for the West Ariel, West Cressida, and West Leda jack-up drilling units…

ADES on a Shopping Spree. Buys Two Jack-up Rigs from Valaris

Apr 28, 2022

ADES, a Middle East-focused offshore drilling company, is continuing with its April offshore rig shopping spree.After agreeing to buy four jack-up drilling rigs from Aban Offshore, and one from Maersk Drilling earlier this month, ADES has now…

Aban Offshore to Sell Four Jack-ups to ADES for $106 Million

Apr 18, 2022

Indian offshore drilling contractor Aban Offshore has agreed to sell four offshore drilling rigs to ADES for $106 million in total.Aban said that its Board had, at a meeting held on March 23, approved the sale of the jack-up drilling rigs Deep Driller 2…

Petronas Carigali Awards Offshore Drilling Contract to Velesto

Mar 11, 2022

Malaysian oil and gas company Petronas Carigali, a subsidiary of Petronas, has awarded a two-year contract to Velesto Energy's subsidiary Velesto Drilling for the provision of jack-up drilling rigs.The contract, which covers a suite of Velesto's NAGA jack-up rigs…

NOV's GustoMSC to Design and Equip Eneti's Second WTIV

Feb 04, 2022

NOV's GustoMSC subsidiary has secured a contract for the equipment and design of a GustoMSC NG-16000X wind turbine installation jack-up vessel for Eneti.Eneti is a new offshore wind player born out of a pivot into offshore renewables by what used to be a bulk carrier specialist Scorpio Bulkers…

Autoship Systems Corp. Launches Offshore Stability Solution for Jack-ups. Bags Contract with Seaway 7

Jan 12, 2022

Canadian firm Autoship Systems Corporation (ASC) in cooperation with its Norwegian reseller, Coastdesign Norway (CDN), has developed an offshore stability software for jack-up vessels called - the Autoload® - Jack Up version and has won a contract…

New Fortress Energy to Deploy 'Fast LNG' to Develop Mauritania's Offshore Gas Reserves

Dec 22, 2021

New Fortress Energy has signed a Memorandum of Understanding (MOU) with Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas ('LNG'), and blue ammonia, using existing offshore gas reserves off the coast of Mauritania…

GMS Bags Two Deals for E-Class Jack-ups

Dec 21, 2021

GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…

Havfram, J.P. Morgan to Order 'Series' of Wind Turbine Installation Vessels

Nov 23, 2021

Institutional investors advised by J.P. Morgan Global Alternatives, in cooperation with Norwegian offshore services firm Havfram, have signed a letter of intent with China's CIMC-Raffles to build 'a series of next-generation, state-of-the-art wind turbine installation vessels (“WTIV”)…

Improved Dayrates: GMS Scores Extensions for Two Jack-ups

Nov 12, 2021

GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industry, has won two contract extensions for its jack-ups.GMS said Thursday the contracts were for a K and S Class vessel and on improved dayrates.'The…

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