Global offshore rig utilisation to average 95% this year, says Westwood
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
jack-up rigs
Keppel sends more oil drilling rigs to Middle East in $87.2m deal
Singapore rig builder Keppel Offshore & Marine (Keppel O&M) will send another two jack-up rigs to the Middle East in a deal worth up to S$120 million (US$87.2 million) as the oil and gas market improves.
Consortium shares offshore green hydrogen jack-up rig production concept
A consortium of energy firms has announced plans to develop an innovative concept for North Sea green hydrogen production.
Analysts ‘sound the alert’ on jackup rig prices after historically cheap sales
Analysts have “sounded the alert” on the value of jackup drilling rigs after two vessels were sold at “historically low” prices.
‘Expect to pay for the privilege’ – looming undersupply of top tier rigs
There is a “looming undersupply” of top tier rigs to meet demand for drilling and exploration campaigns in the North Sea in 2019.
Centrica signs up Maersk Giant
Centrica Energi has signed a contract with Maersk Drilling worth at least £37.2million.
Rig order cancellations
FAR East yards like Yantai Raffles have huge new rig order books. However, the credit crunch and $50 oil are now leading to cancellations.