By: David Carter Shinn, Bassoe Offshore You could say offshore rig owners dug themselves a deeper hole, but that could be misleading. We’ll sum this up quickly. About six months ago, things were looking pretty good for the offshore rig market (at least on the surface). Momentum (and positive sentime
Saipem has been awarded new onshore and offshore drilling contracts worth approximately $255 million in total.
Offshore drilling company Noble Corporation in November painted optimistic outlook about the offshore rig demand, and a month later it said it had secured work for five rigs.
ADES International has been awarded a contract renewal for Admarine 657 rig in Saudi Arabia.
Shelf Drilling has received a three-year contract award for the Compact Driller jack-up rig with ADNOC Drilling.
Saudi Arabian oil and gas giant Saudi Aramco has said it has this week signed $27.5 billion worth of deals with suppliers during its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam.
Jack-up rig specialist Shelf Drilling expects rig utilization to further increase in 2019, but the CEO has acknowledged the dayrates have yet to pick up.
The worldwide offshore rig count in October rose by three units compared to October 2017 numbers. According to BHGE’s report released on Wednesday, the worldwide offshore rig count in October 2018 was 230 units, up from 227 a year ago. Baker Hughes, a GE company, splits it rig counts to internationa
Rowan Companies has received a contract extension for one of its drillships and a one-well contract for an idle jack-up drilling rig.
Rowan Companies has concluded the sale of two LeTourneau Tarzan Class jack-up rigs to ARO Drilling.
The worldwide offshore rig count for September 2018 rose year-on-year but slightly dipped compared to August 2018.
Noble Corporation has bought a new Gusto MSC CJ46 design jack-up rig from Singapore’s rig builder PaxOcean Group
Gulf Marine Services has been awarded 15 years worth of contracts for three self-propelled self-elevating support vessels in the Middle East and North Africa (MENA) region with an undisclosed national oil company.
Many investors not only want to know the fair market value of an asset, but they also take into account projected future cash flows
