First 20,000-psi Rig Delivery by Year End and More

First 20,000-psi Rig Delivery by Year End and More
Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them…

Transocean Sees First 20,000-psi Rig Delivery by Year End

Transocean reached an agreement with Sembcorp Marine unit Jurong Shipyard Pte to delay delivery and defer payments for a pair of newbuild, ultra-deepwater drillships. Transocean now expects a December 2021 delivery for the Deepwater Atlas and a May 2022 delivery for the Deepwater Titan.

Read full article here

Oxy to Divest Permian Acreage in $508MM Deal

Occidental has agreed to sell non-strategic acreage in the Permian Basin to a Colgate Energy Partners III affiliate for $508 million. The acreage currently produces approximately 10,000 barrels of oil equivalent per day from roughly 360 active wells.

Read full article here

McDermott Announces Leadership Change

McDermott International announced that its chief executive officer, David Dickson, has decided to resign. The company has appointed an interim chief executive officer, effective immediately.

Read full article here

Chevron Awards GOM Drilling Contract

Chevron has awarded Valaris Limited a three-year contract securing a drilling unit in the U.S. Gulf of Mexico. The contract is expected to commence in the first quarter of 2022, directly continuing the drilling unit’s current contract.

Read full article here

Is OPEC+ Intentionally Firing Up Prices?

The disconnect between its demand forecast and its supply call raises questions on whether OPEC+ is intentionally firing up prices or if some of the demand expectations are overstated, according to Rystad Energy’s Oil Markets Analyst Louise Dickson.

Read full article here

Rig Remains Submerged After Incident

The Naga 7 rig remains submerged off the coast of Sarawak after an incident that took place last month, Velesto Energy revealed in its latest quarterly report. In the report, the company noted that the incident area was secured while the group works with insurance underwriters and the Protection & Indemnity Club on “the way forward”.

Read full article here

To contact the author, email andreas.exarheas@rigzone.com



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.