At the “Shaping the Future of Shipping” summit held this week in Athens, Greece, Emanuele Grimaldi, Chairman of the International Chamber of Shipping (ICS), delivered a sobering yet forward-looking address that underscored the profound challenges facing the global shipping industry—while urging greater collaboration and global thinking to ensure resilience and sustainability.
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.
Esgian has no rig contracts to announced but provides an update on rig moves and drilling operations in the US Gulf of Mexico, Canada, Morocco and Norway in its Week 38 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesExxonMobil has abandoned the Persephone C-54 well on EL 1169 in the Orphan Basin offshore Newfoundland, Canada.