Middle East demand drives rising jack-up market in 2022
The global market for jack-up rigs has shown strong performance this year, with the number of awards and the duration of bookings already set to outpace 2021, according to Esgian Rig Analytics.
Esgian
Future ‘very uncertain’ for Aberdeen drilling firm Awilco
Analysts have said it “could be the end of the line” for Aberdeen-headquartered Awilco Drilling after the firm agreed to offload the remains of its fleet.
Rig demand rises with higher oil prices as North Sea activity picks up
With oil consistently above the $100/barrel threshold, demand for rigs is set to continue its ramp up, with the North and Barents Seas marked as hotspots, according to data from rig analysts Esgian.
Offshore rig supply at lowest level since 2005 as consolidation continues
Scrapping and cold-stacking have reduced the global offshore rig supply, while stable commodity prices drive increased activity and greater utilisation heading into 2022, according to rig analysts Esgian.
Analysis: Noble and Maersk Drilling merger will create ‘industry giant’
The merger of Noble Corporation and Maersk Drilling will create the third largest offshore drilling company by fleet size in the world.
Valaris takes Angola work
Valaris has won a two-year contract from ExxonMobil offshore Angola.