Drilling dayrates soar amid global semisub sell-out
Heated demand in Australia, Mexico and West Africa has seen the global market for the latest generation of semi-submersible rigs reach 100% utilisation for the first time in nearly a decade.
RigLogix
Market analyst notes ‘fall away’ in North Sea rig tendering activity on windfall tax ramp up
A top rig market analyst has laid bare the impact of the UK Government’s windfall tax hike on the UK’s drilling sector.
Offshore rig day rates heading for highest level in ‘almost a decade’
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Westwood bolsters rig market capabilities with new senior appointment
Leading energy consultancy Westwood Global Energy Group has appointed a new research director to its RigLogix team.
At $30 oil, offshore drillers may be out of options
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds.
Analysts predict boost for offshore rig rates amid surge in activity
Offshore rig rates are due to surge within two years as activity accelerates, according to new data.
Westwood acquires offshore data services platform RigLogix
Aberdeen-headquartered Westwood Global Energy Group has acquired a US premium offshore data service for an undisclosed fee.