India’s state-controlled Oil and Natural Gas Corporation (ONGC) has appointed energy and marine consultancy ABL to oversee the company’s rig moves between September 2025 and May 2026. ABL will act as ...
Offshore rig demand has picked up in Asia with more units being reactivated, but a large number of these mobilised rigs are intended for operation in the Middle East. Consultancy Westwood Global ...
Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, marking significant fleet updates. In South East Asia, the Thor rig received a binding letter of award from ...
Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 ...
Key market opportunities in the Saudi Arabia drilling rigs market include the integration of advanced technologies like IoT and AI, driven by megaprojects such as NEOM, fostering increased demand for ...
Valaris Ltd. VAL, an offshore drilling contractor, has stated that its jack-up rig, Valaris 144, has reached Angola to begin its new drilling assignment. The rig had completed its project in Corpus ...
5 days Crude Oil, Distillates Inventories See Minor Build as Prices Sink 5 days Oil Prices Sink 4% as OPEC Moves to Balanced 2026 Outlook ADNOC Drilling has been awarded a $1.15 billion, 15-year ...
The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book ...
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