Some of them are walking dead, but old rigs aren’t coming back to get us.
Vantage Drilling has been awarded an extension of its drilling services contract for the Emerald Driller jack-up drilling rig.
Baker Hughes’ international rig count for October 2017 was 951, up 20 from the 931 counted in September 2017, and up 31 from the 920 counted in October 2016. The international offshore rig count for October 2017 was 204, up 14 from the 190 counted in September 2017, and up 4 from the 200 counted [&h
Offshore driller Rowan Companies has been awarded several new contracts and extensions for its jack-up rigs while some of its other rigs have recently come off contracts. According to Rowan’s fleet status report on Thursday, the contract for the jack-up rig Rowan Norway with Repsol Sinopec in the UK
Offshore driller Rowan Companies has informed that ARO Drilling, a 50/50 joint venture with Saudi Aramco, started operations on October 17, 2017. The two companies announced an agreement to create the 50/50 joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia back in Nove
UAE’s Drydocks World has won the “Rig Repair Yard of the Year Award” at the 3rd Offshore Achievement Awards ceremony held in Dubai. The third edition of the Offshore Achievement Awards for the jack-up rig and liftboat industry took place on October 9, 2017, during the annual Offshore Jack-Up Middle
Offshore driller Noble Corporation has been awarded new deals for two of its drilling rigs. Noble reported on Thursday in its latest fleet status report that the 2013-built drillship Noble Bob Douglas was awarded a contract with an undisclosed operator in the Gulf of Mexico. The contract for the Gus
Japan Drilling has found work for another jack-up rig with the North Oil Company on the giant Al Shaheen oil field offshore Qatar. This will be a second rig deal awarded to Japan Drilling on the Al Shaheen field after the Hakuryu 12 jack-up was awarded a two-year firm deal with the NOC in early June
The international offshore rig count in September 2017 dropped by 31 unit year-over-year, according to a Friday report by Baker Hughes, a GE company. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in Sept
By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates inc
By: David Carter Shinn Rig owners’ aversion to consolidation creates a barrier which slows progress toward efficiency. Competition is vital to a well-functioning market. As we’ve seen throughout history, when there are too few players, prices rise and freedom of selection decreases. When there are t
Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be dominating the industry soon.
Shelf Drilling, a shallow water offshore drilling contractor, has secured contracts for two of its jack-up drilling rigs in Dubai. Shelf’s two drilling rigs, Shelf Drilling Tenacious and the Shelf Drilling Mentor (previously called the West Mischief), have each won a two-year contract with Dubai Pet
The international offshore rig count for August this year was 201 units, down by 27 units year-over-year, according to a Friday report by Baker Hughes, a GE company. The international rig count includes Latin America, Europe, Africa, Middle East, and Asia Pacific regions. The international rig count
