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.
The National Oceanic and Atmospheric Administration (NOAA) has revealed the names of two new charting and mapping vessels it ordered from Thoma-Sea Marine Constructors in 2023.The names Surveyor and Navigator were chosen from a list of suggestions by NOAA staff, adhering to the agency’s naming policy that emphasizes vessels named for their missions.
The United States and Canada on Tuesday said they will create a task force this autumn to negotiate the maritime boundary in the Beaufort Sea and resolve the overlap along the continental shelf.The group will work toward a final agreement covering the border area, which lies north of Alaska and the Canadian provinces of Yukon and the Northwest Territories, the two countries said.
Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India. The contract is firm for six months at a dayrate of approximately $90,000, starting in late November or early December 2024.
Esgian provides an update on what has been a busy week in the offshore drilling market in its Week 31 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling has confirmed new contracts for several of its 400-ft jackups, including work for the Arabia I in Brazil, Gunnlod in Malaysia, and Norve in Gabon.