Norwegian energy company Statoil said Wednesday it decided to cancel a rig contract with Maersk Drilling, transferring the terms to French supermajor Total. The Norwegian company said it decided to cancel its contract for the Maersk Gallant rig. “The Maersk rig has been on contract with Statoil for two years, since Aug. 21, 2014, and since Oct. 9, it has been sub-chartered to ConocoPhillips,” the company explained. “Between Feb. 14 and Aug. 21, 2016, the Maersk Gallant is on a new contract with Total, who will pay cancellation fee according to the former contract.” The jack-up Gallant was last listed as operating in the North Sea. No information was given on the day rate or other terms […]