U.S. rig company Hercules Offshore said Thursday one of its drilling contracts with the main oil company in Saudi Arabia was terminated. Saudi Aramco cancelled a contract to lease the Hercules 261 rig, effective March 27. The company said it’s been in talks with the Saudi oil company to reduce the day rates for two other rigs, Hercules 262 and Hercules 266. “The company has not received a notice of termination from Saudi Aramco with respect to these rigs,” Hercules said in a statement. Hercules 261 is listed in the company’s fleet status update as having a day-rate around $135,000. Rigs 262 and 266 have a combined average day rate of around $118,000. There was no update on the status of rig contracts with […]