Seadrill Sells Three Jackups for $338MM to Gulf Drilling International
Seadrill Ltd. has agreed to sell its Qatar...
Seadrill Ltd. has agreed to sell its Qatar jackup fleet and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to joint venture partner Gulf Drilling International (GDI) for $338 million.
The sale of the three jack-up rigs—the West Castor, the West Telesto, and the West Tucana, is subject to certain conditions, including approval or non-objection of the Qatar Financial Centre Authority and approval of the shareholders of GDI’s parent company.
The deal is expected to close in the third quarter of 2024.
Hydrogen fuel plant proposed for Pittsburgh airport
Pittsburgh International Airport could get a $1.5 billion plant to make...
Pittsburgh International Airport could get a $1.5 billion plant to make hydrogen-based fuels under a tentative plan by natural gas producer CNX Resources. The project depends on the US granting tax credits for coal mine methane, with CNX touting the plant as a way to pull the greenhouse gas out of the atmosphere and combine it with natural gas to produce hydrogen-based airline fuel.
🇮🇷Iran’s president was killed in a helicopter crash
Iranian President Ebrahim Raisi and Iran’s foreign minister were ...
Iranian President Ebrahim Raisi and Iran’s foreign minister were found dead at the site of a helicopter crash in a remote northwestern region of the country. Raisi was an ally of Supreme Leader Ayatollah Ali Khamenei, espoused hard-line, anti-Western views, and was infamous for his role in the mass execution of political prisoners in 1988. Raisi’s death will “set off a fierce scramble for power” in the Islamic Republic, The Atlantic writes.
Israeli centrist leader says he’ll quit if no postwar plan...
Israeli centrist leader says he’ll quit if no postwar plan is presented. Benny Gantz, one of three members of Israel’s war cabinet, gave Prime Minister Benjamin Netanyahu an ultimatum: Either you present a plan for what happens after the war in Gaza, or I quit in three weeks. The ultimatum reveals widening divisions within Israel’s leadership. Last week, the third member of the war cabinet, Defense Minister Yoav Gallant, also criticized Netanyahu for not presenting a postwar blueprint. Gantz put forth a six-point plan of his own, but Netanyahu said it would mean Israel losing the war.
President Biden delivered the commencement address at Morehouse College and acknowledged students’ anger over the Israel–Hamas war.
Disneyland character- and parade actors voted overwhelmingly to unionize.
Xander Schauffele won the PGA Championship, his first career major victory.
Manchester City is inevitable—the club won an unprecedented fourth straight Premier League title.
A city in Texas named Kyle attempted to set the Guinness world record for the most Kyles in one place. While 706 Kyles gathered on Saturday, they came up well short of the record set in Bosnia in 2017 with 2,325 Kyles.
Funds use AI, satellites to track Freeport LNG plant
The Freeport Liquified Natural Gas plant is essential to one of the most...
The Freeport Liquified Natural Gas plant is essential to one of the most important commodity markets, liquefying up to 2% of the US's daily gas production. Its importance has forced commodity traders to turn to any available data on potential disruptions, including satellite photos, leveraged machine learning and thermal images to determine the state of the plant.
