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Harsh environment semisub market sells out; dayrates approach $500K

Reflecting high demand for sixth-generation, harsh-environment semisubmersible rigs, their committed utilization is sold out at 100%. Dayrates in this group are forecast to continue increasing over the next five years, with rates at or above $500,000 for contracts beginning in late 2024 and early 2025.

Beach Energy, Diamond Offshore Settle Dispute over

Australian oil company Beach Energy has signed a new contract with drilling company Diamond Offshore for the use of the Ocean…

Wilkie Rejoins Westwood s RigLogix Team

Westwood Global Energy Group (Westwood), an energy market research and consultancy firm, has appointed Teresa Wilkie to its…

Petrobras Hires Trio Of Constellation Rigs

OMV Hires Valaris Jack-Up Rig for New Zealand

Gorilla VII while it was known as Rowan Gorilla VII - Credit:. credit Alistair Burns OMV New Zealand has confirmed for Offshore Engineer that the company has hired Valaris Gorila VII jack-up rig for work offshore New Zealand. Following a report last Friday by  Bassoe Offshore that the two companies had struck an offshore drilling rig deal, Offshore Engineer reached out to OMV, seeking confirmation and more info. OMV New Zealand can confirm that a contract has been awarded to Valaris for the Gorilla VII jack-up rig to drill and complete a number of sidetrack wells from existing wells at the Māui B platform, OMV said in an email to Offshore Engineer.

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