Overview page containing news articles

Rigs

List of the highlighted articles

Posted: 11 months ago

Bassoe: Welcome to the real world, where offshore drilling rig values are an enigma

Available assets, lack of capital, and sluggish fundamental market improvement are keeping rig value...

Categories:
  • Exploration & Production
Posted: 11 months ago
Posted: about 1 year ago

Bassoe: So you’re telling me there’s a chance – offshore rig market expectations don’t match reality

Recent long-term offshore drilling contract awards might not fit with investors’ expectations,...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: You’re not hunting him, he’s hunting you – Awilco orders second harsh environment semisub

A little over a year ago, Awilco Drilling was just a company with two old North Sea semisubs. Now th...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Northwest Europe MODU market – Could 2019 demand exceed availability?

Since the oil price crash in 2014, the global MODU market has suffered through a rig demand collapse...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Negotiating million dollar deals for breakfast – Shelf takes four stranded jackups from China Merchants

It’s only February, but Shelf has done the deal of the year so far. And China gets some relief for t...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Bassoe: Mind-numbing boredom consumes the offshore rig market, but it won’t last

It’s gotta stop at some point. And it will. There’s more excitement coming. ...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: over 2 years ago

Bassoe: Borr Drilling takes jackup rig hoarding to a new level

Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset f...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Where next for jack-up rates?

Where next for jack-up rates?

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

This is how you play the game: Northern Drilling takes first-mover advantage in the deepwater market (Bassoe)

With a clear strategy and commitment to execution, Northern Drilling is shrewdly maneuvering through...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: You’re not an idiot if you believe in deepwater drilling

The drillship market has sucked for years. Now it’s getting interesting. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Borr wakes up to reality and becomes a real company

With their acquisition of Paragon Offshore, Borr Drilling isn’t just a cool feat of financially-engi...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Owners of old jack-up rigs realize their gamble isn’t paying off

They’re cheap to stack and costly to scrap, but old jack-ups are finally moving off to scrapyards. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Demand for deepwater rigs in South America to double by 2021

Up to 50 offshore rigs could be working on deepwater programs in South America depending on how new ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Offshore rig market shakeup to continue in 2018 amid persistent low dayrates

The theme for 2017 was perseverance. For 2018, it’s adaptation. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Zombie offshore rigs don’t threaten rig supply

Some of them are walking dead, but old rigs aren’t coming back to get us. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Offshore rig market to reach 85% utilization again

By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Bassoe: Get ready for the deepwater revival in Brazil

By: David Carter Shinn Brazil won’t save the deepwater market, but it’s going to help it. Petrobras ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Wave of consolidation ready to hit the offshore drilling industry (or not?)

By: David Carter Shinn Rig owners’ aversion to consolidation creates a barrier which slows progress ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 3 years ago

Bassoe: Offshore drilling rig empires emerging to take over the industry

Call them speculative, but the drilling companies and investors buying offshore rigs at today’s valu...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

Bassoe: Up to 340 offshore drilling rigs could be scrapped by 2020

By: David Carter Shinn It may sound too good to be true, but it’s not completely out of the question...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

Otech Marine Nets Songa Offshore Deal

Otech Marine Services has entered into a 5+5 years contract with Songa Offshore. According to the co...

Categories:
  • Operations & Maintenance
Posted: over 3 years ago
Posted: over 3 years ago

Diamond stacks one, plans to sell five semi-sub rigs

Drilling contractor Diamond Offshore has stacked one semi-sub rig and is selling five others, accord...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

New contracts revive two Transocean rigs

Offshore drilling contractor Transocean has secured more work for its drilling rigs, which meant ret...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Bassoe: Norwegian offshore market facing potential shortage of harsh environment semisubs

Increasing number of North Sea drilling projects, oil company efficiency requirements, high barriers...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

Bassoe: Market waiting for the offshore rig recovery, but what will it look like when it gets here?

The word “recovery” dominates most discussions about the offshore oil and gas industry t...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

Noble Corp. posts 1Q loss. CEO sees improvement in offshore drilling industry

Offshore driller Noble Corp. has reiterated its belief in long term-oil market fundamentals despite ...

Categories:
  • Exploration & Production
Posted: over 3 years ago