A global quest for cleaner energy source has recently gained major momentum amid fizzling out of fossil fuel pursuit in the global energy space and massive development of modern innovative renewable technologies across the globe in course of cushioning greenhouse emission. Despite this global renewable energy pursuit, the demand for LNG as alternative for of […]

SDX Energy has disclosed that it has executed a binding sale and purchase agreement (SPA) for the disposal of the Company’s West Gharib interests in Egypt. The Company also continues to progress the binding documentation for the sale of its South Disouq assets. The Company is focused on delivering shareholder value by focusing its efforts on […]

Shelf Drilling has announced that it has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. The total estimated value for the contract extension is approximately USD 51 million. One year of the […]

Dolphin Drilling has announced the commencement of operations and the final transfer of ownership for the two acquired rigs from Transocean. The semi-submersible Paul B. Loyd, Jr. has a firm revenue backlog of USD 280 million, and the finalization of this acquisition will position Dolphin Drilling as a leading offshore drilling contractor in the UK […]

Seadrill a leading offshore drilling contractor has during the quarter secured multi-well contract extensions against existing agreements for two drillships, the Sonangol Quenguela and the West Gemini, operating in Angola through the Company’s 50:50 joint venture with Sonangol. These exercised options will commence in direct continuation of the rigs’ existing contracts, committing the Sonangol Quenguela through January 2025 and […]