Lebanon offshore round tender invitation

The blocks open for bidding are Blocks 1, 2, 5, 8, and 10

Update: CNOOC charters giant Bluewhale I rig

The Chinese oil and gas company CNOOC has reportedly chartered one of the world's largest semi-submersible drilling ...

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Bassoe: Awilco orders second harsh environment semisub

A little over a year ago, Awilco Drilling was just a company with two old North Sea semisubs. Now they’re on the ...

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Bassoe: Negotiating million dollar deals for breakfast

It’s only February, but Shelf has done the deal of the year so far. And China gets some relief for their stranded ...

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Report: GDI inks rig contracts with Shell, North Oil Co.

Qatari offshore drilling company Gulf Drilling International has reportedly won contracts for two jack-up rigs. ...

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Bassoe: Things to remember about offshore rig market in 2018

A great start, a disturbing ending, and a lot of excitement. Here's our 2018 recap. Happy New Year! 

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A good year turned bad: offshore rig backlog fell in 2018

Songa Endurance

By: David Carter Shinn, Bassoe Offshore You could say offshore rig owners dug themselves a deeper hole, but that ...

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Bassoe: Whatcha gonna do with all those rigs, China?

There’s still over 50 newbuild jackups stranded in Chinese shipyards. It’s the end of 2018, and nobody knows when ...

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Report: Alpha Petroleum takes Stena Spey on a long-term deal

Offshore drilling specialist Stena Drilling has reportedly secured a year and a half long contract for its Stena ...

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Ultra deepwater drillship Deepsea Metro I sold

The current fundamentals in the market aren’t driving values; buyers are.

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Ensco and Rowan created the mother of all offshore drillers

The merger between Ensco and Rowan will change the entire offshore drilling industry.

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Most interesting deal of the year award? Noble scores big.

Someone other than Borr has finally acquired a newbuild jackup. And other established rig owners are likely to follow.

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Bassoe: Why the world needs more harsh-environment semisubs

There just aren’t enough new rigs to meet long-term drilling requirements in the North Sea and Canada. More ...

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Saudi Arabia goes full throttle in offshore drilling spree

Saudi Aramco just gave the jack-up market a shot of adrenaline. Rig owners should be loving what they’re seeing.

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Bassoe: This is why jackup rig dayrates will double

Let the newbuilds come. The jackup market is far from oversupplied.

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Interview: Dive into the well of offshore drilling wisdom

Many of you, if at all interested in offshore drilling - reading this on Offshore Energy Today means that you are - ...

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Bassoe: Borr takes jackup rig hoarding to a new level

Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset fleet.

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Bassoe: Northern Drilling takes first-mover advantage

With a clear strategy and commitment to execution, Northern Drilling is shrewdly maneuvering through the distressed ...

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You’re not an idiot if you believe in deepwater drilling

The drillship market has sucked for years. Now it’s getting interesting.

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Bassoe: Borr and Paragon kick off “Jackup Scrapfest 2018”

Nearly 20 jackups left the offshore rig fleet during the first quarter of the year.

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Green oil: offshore rig tech disruption in Norway continues

The next generation of harsh environment semisubs is on its way as the Norwegian oil industry takes a step forward ...

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Bassoe: Borr wakes up to reality and becomes a real company

With their acquisition of Paragon Offshore, Borr Drilling isn’t just a cool feat of financially-engineered asset ...

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