semisubmersible

Although the global total drilling rig supply is tightening as contractors sell off modern units for nondrilling purposes, day rates are expected to remain flat or dip in the near term, according to an analysis by Esgian.

First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.

First oil is expected in 2029 from the development, which has a budget under $5 billion.

The deepwater Gulf of Mexico project in the Paleogene will require a 20K-psi production semisubmersible.

The semisubmersible host is the centerpiece of BP’s $9-billion Mad Dog Phase 2 project.

Elon Musk-led firm puts hold on exploration of marine-based launch pads ... for now.

Last summer, a pair of semisubmersible rigs were purchased by a limited liability company tied to SpaceX. Around the same time, the commercial aerospace firm announced future plans to launch rockets from offshore platforms.

After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded. Fugro is the second company to be awarded work this year on the asset.

The Noble Jim Day semisubmersible (left) arrived at Harbor Island in Port Aransas, Texas, on 29 July to be cold stacked.