TotalEnergies, Vantage Drilling form drillship-owning entity

Offshore drilling contractor Vantage Drilling has created a joint venture entity with French energy major TotalEnergies, which will own the Tungsten Explorer drillship. The creation of the JV, named TEVA Ship Charter, aligns with the memorandum of understanding signed between the two companies in February 2024. Under the terms of the agreement, TotalEnergies paid $199m …