Notes

A Biased View of Oil, Gas and Offshore Jackup Drilling Rigs Available for Sale


<h1 style="clear:both" id="content-section-0">The Best Guide To Drilling Rigs News<br></h1>
<br>
<p class="p__0">If you can not find the brand-new or utilized offshore rigs of any type, size or make that you are searching for, please send us an e-mail to and we shall use you.</p>
<br>
<img width="339" src="https://www.ackermanbit.com/wp-content/uploads/2020/11/20201111_134434_resized.jpg">
<br>
<div itemscope itemtype="http://schema.org/ImageObject">
<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.petrorigs.com/wp-content/uploads/2019/05/4.jpg" alt="Jackup Rigs for Sale, Used Jackup Rigs, New Jackup Rigs, Offshore Drilling Rigs"><span style="display:none" itemprop="caption">Drill Rigs for Sale and Vessels for Sale - Sun Machinery</span>
</div>
<br>
<br>
<p class="p__1">Image: The Jack-up Transocean Constellation II. New about Transocean Ltd. (NYSE:RIG) The overseas drilling Market is suffering through the worst bear cycle in history. The oil crash that started late in 2014 has had a horrible result especially on the offshore drilling gamers such as Transocean, Seadrill (NYSE:SDRL), Rowan Business (NYSE:RDC), Ensco Plc.</p>
<br>
<div itemscope itemtype="http://schema.org/ImageObject">
<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://usercontent.one/wp/energynorthern.com/wp-content/uploads/2019/02/Grupo_R-Cantarell-IV.jpg?media=1636287697" alt="Jack-Up Drilling Rig for Sale - Marine Tags"><span style="display:none" itemprop="caption">Noble to sell four jack-up rigs for $292 million - Offshore Energy</span>
</div>
<br>
<br>
<p class="p__2">Subsequently, competitors is naturally ending up being fiercer, because the overseas jack-up market (shallow waters) and the offshore floater market are oversupplied by a plethora of rigs, modern-day and old, that contend versus each other for an extremely limited amount of contracts at low day rate, often close to breakeven level. Transocean is the uncontested leader in the deep water sector (floaters) with an excellent stockpile approximated at over $10.</p>
<br>
<p class="p__3">Today, this post has to do with the jack-up part of Transocean which might be divested to Borr Drilling, a brand-new business formed in Norway. We found out on Friday by Evercore ISI's James West and team, who were commenting about a news at first revealed by Tradewinds: We kept in mind in our Recap and Weekly that Borr Drilling was reportedly interested in buying Transocean's jackup fleet.</p>
<br>
<div itemscope itemtype="http://schema.org/ImageObject">
<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://marvel-b1-cdn.bc0a.com/f00000000254230/www.nov.com:443/-/media/nov/images/products/rig/marine-and-construction/cj50/cj50-jackup-rig.jpg?h=1080&amp;la=en-us&amp;w=1920&amp;cropregion=0,116,1920,1196&amp;hash=207E743B6D948B8D55B6C9276140DBB9" alt="Maersk Drilling sells Maersk Giant jack-up rig to Australasian company - Offshore Energy"><span style="display:none" itemprop="caption">Maersk Drilling Sells Two Jack-Up Rigs to New</span>
</div>
<br>
<br>
<h1 style="clear:both" id="content-section-1">How Proposed 1977 Outer Continental Shelf Oil and Gas Lease Sale can Save You Time, Stress, and Money.<br></h1>
<br>
<p class="p__4">2 billion deal to get a fleet of 15 RIG jackups. The prospective deal would involve Transocean's whole active fleet of 10 high-specification jack-ups, plus another 5 newbuilds under construction at Singapore's Keppel FELS, for an overall rate of $1. 2 billion. Another $1. 125 billion is due on the five newbuilds, which would be presumed by Borr Drilling as these rigs have actually been deferred until 2020.</p>
<br>
<p class="p__5">Half of Transocean's active jack-up fleet is presently stacked while the other half is contracted for 38 rig months (average 7. 6 months per rig) for $172 million in stockpile (only 1. 5% of RIG's overall $11. 3 billion). [ Learn More Here from Fun trading: stockpile is now $10. 8 billion and JU stockpile represents $161 million] We would be aggressive buyers of Transocean if this transaction materializes, as it would monetize an under-utilized jack-up fleet that averages 13.</p>
<br>

My Website: https://paste2.org/ApG4U1ZG