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.

Malaysia-listed Lianson Fleet Group, formerly Icon Offshore, is planning to team up with Vietnam's state-owned PV Drilling in ...

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 ...

Valaris Limited VAL and Jadestone Energy are developing the Montara field offshore Australia, for which the Valaris 247 jack-up rig has arrived at the location. The jack-up rig is scheduled to ...

Dalian Shipbuilding Industry Offshore has been notified by Friede & Goldman Marketing BV (F&G) to temporarily suspend construction of its rig jacking systems. Arising from the recent accident during ...

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 ...

Valaris Ltd, the Bermuda-headquartered offshore drilling company, has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash. The sale is expected to close in ...

India’s state-controlled Oil & Natural Gas Corporation (ONGC) is looking to charter two jack-up rigs to drill off the country’s east and west coasts. Multiple people with direct knowledge of the ...

This week's offshore rig review examines the beginning of what may be a significant downward trend in jackup utilization. Worldwide offshore rig utilization moved down again this week, moving back ...