as well ones undergoing repair, and stranded in shipyards.
The CEOs of Transocean and Valaris recently made similar statements. Last July, Valaris announced a $327 million deal with Norwegian oil companyA to deploy its drillship Valaris DS-17 for 540 days in a deep-water field off the coast of Brazil. Of the total, $86 million was paid upfront partly to cover the ship’s reactivation.
“They recognize that rigs are in short supply,” says James West, an analyst at advisory firm Evercore. “They are locking up as much spare capacity as they can today to increase their own productive capacity. As a result of that they’re squeezing the market, so pricing’s going straight up.” Now the region provides just 3% of the world’s oil supply, according to Rystad. The area’s diminished drilling needs are weakening demand for semi-submersible rigs that rely on partially submerged pontoons for their stability and thus are well suited for the North Sea’s rough waters. These rigs have been leaving for places such as North Africa or staying behind for so-called “plug and abandonment” work to seal off old wells, according to Ms. Wilkie.
Meh, their demise is still inevitable.
🤜🇧🇷🤛 NADA MUDOU... EXIGIMOS DAS FFAA 🔰
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feds: Offshore wind not to blame for East Coast whale deathsFederal environmental and energy officials say there is no evidence that work done by the offshore wind power industry is killing whales in the northeastern U.S. On Wednesday, the National Oceanographic and Atmospheric Administration, and the Bureau of Ocean Energy Management addressed the controversy surrounding a spate of whale deaths on the East Coast that some groups suspect may have been caused by site preparation work for offshore wind farms. They’re lying! The sound equipment is most definitely killing the sea life!
Source: ksatnews - 🏆 442. / 53 Read more »
Feds: Offshore wind not to blame for East Coast whale deathsFederal environmental and energy officials say there is no evidence that work done by the offshore wind power industry is killing whales in the northeastern U.S. On Wednesday, the National Oceanographic and Atmospheric Administration, and the Bureau of... انها أمريكا قاتلة الطبيعة الجميلة 💔 Fixed the headline: Federal environmental and energy officials paid 'experts' say the whales aren't being killed by offshore wind construction. trustthescience
Source: ABC - 🏆 471. / 51 Read more »
Orsted to take full ownership of first NJ offshore wind farmDanish wind energy developer Orsted will become the sole owner of the first offshore wind farm planned for New Jersey. DEATH ON THE OCEAN! Sea and flying creatures will come dead onshore! Local utilities want no part when this tirns into a debacle.
Source: FOX29philly - 🏆 570. / 51 Read more »
Feds: Offshore wind not to blame for East Coast whale deathsFederal environmental and energy officials moved Wednesday to quell a growing controversy over whether work done by the offshore wind power industry is killing whales in the northeastern U.S., saying there is no evidence this is happening. No evidence, just dead whales washing up. BS!! NJ sonar testing causes confusion for marine life! STOP IT NOW! ClimateAction now. This is getting ridiculous with all the dead whales
Source: FOX29philly - 🏆 570. / 51 Read more »
Feds: Offshore wind not to blame for East Coast whale deathsATLANTIC CITY, N.J. (AP) — Federal environmental and energy officials moved Wednesday to quell a growing controversy over whether work done by the offshore wind power industry is killing whales in the northeastern U.S., saying there is no evidence this is happening. I think it’s just about time to abolish the federal government and start over…they are LYING Here come all the dead whale experts. There IS evidence 100's of whales are dying. There is a random variable. Why aren't whales washing on shore anywhere else Only right by a wind farm.
Source: AP - 🏆 728. / 51 Read more »