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.
On March 1, 2025, His Majesty’s Canadian Ship (HMCS) Harry DeWolf successfully assisted a United States Coast Guard (USCG) Law Enforcement Detachment (LEDET) in conducting a seizure of 750 kilograms of cocaine in the Caribbean Sea. This seizure, supported by Colombian air and maritime assets, has an estimated street value $18.8 million.