✉news EnvironmentOceans first seen 4 h ago, last 43 min ago, peak #20
Northern Ocean wins $70 million Shell contract for semisubmersible rig
Original: Northern Ocean scores $70m Shell semisub deal
Offshore drilling firm Northern Ocean has secured a $70 million contract with energy giant Shell for one of its semisubmersible rigs. The deal, reported by shipping trade press, adds to signs of recovering demand for offshore drilling units as oil majors commit to new campaigns. Industry watchers are weighing what the award means for rig utilisation and day rates in the North Sea market.
Why now: Freshly announced contract news pointing to strengthening offshore drilling demand
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 43 min ago.
Evidence
- Northern Ocean scores $70m Shell semisub deal · Splash 24/7
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