Overview page containing news articles

Rigs

List of the highlighted articles

Posted: about 1 year ago

Bassoe: Enigma of offshore drilling rig values

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

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

Bassoe: 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: 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

NW Europe rig 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: over 2 years ago

Bassoe: Negotiating million dollar deals for breakfast

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: over 2 years ago
Posted: over 2 years ago

Bassoe: Boredom in offshore rig market won't last

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

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

Bassoe: Borr 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

Bassoe: Northern Drilling takes first-mover advantage

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

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 3 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 3 years ago
Industry Contribution

Faccin Wind Towers Division: a reliable partner for your wind energy project

Faccin Group created a Wind Towers Division within the company. Why? Eng. Andrea Comparin: “Ac...

Posted: about 1 month ago
Industry Contribution

Maritime Insurance Market Update, Q3 2020

‘Clients, advisors and insurers are in the same boat.’ Effective cooperation is necessary to keep ri...

Posted: 2 months ago
Posted: over 3 years ago

Old jack-ups are finally moving off to scrapyards

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

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

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 3 years ago
Posted: over 3 years ago

Bassoe: Offshore rig market shakeup to continue in 2018

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

Categories:
  • Exploration & Production
Posted: over 3 years ago
Industry Contribution
Partner

It’s all about power flow

Integration of renewable energies on a ship – and in other island networks Interview with Jero...

Posted: 4 months ago
Posted: over 3 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 3 years ago
Posted: over 3 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 3 years ago
Posted: over 3 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 3 years ago
Industry Contribution

“ETICA IP” ROV & USV a staunch green ally for the blue economy indystry & ocean sustainability

By Ioana Laura Grigore. Our concept of blue economy & ocean sustainability in offshore industry ...

Posted: 3 months ago
Posted: over 3 years ago

Consolidation to hit 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 3 years ago
Posted: over 3 years ago

Bassoe: Offshore drilling rig empires to take over 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 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-subs

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 gigs 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 market facing shortage of harsh 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: What will offshore rig recovery look like?

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

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