Reach thousands of offshore professionals!

Find new clients with Offshore Energy Today!

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 ...

read more →

Bassoe: Boredom in offshore rig market won't last

It’s gotta stop at some point. And it will. There’s more excitement coming.

read more →

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.

read more →

Where next for jack-up rates?

Where next for jack-up rates?

read more →

Bassoe: Northern Drilling takes first-mover advantage

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

read more →

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

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

read more →

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 ...

read more →

Old jack-ups are finally moving off to scrapyards

They’re cheap to stack and costly to scrap, but old jack-ups are finally moving off to scrapyards.

read more →

Demand for deepwater rigs in South America to double by 2021

Up to 50 offshore rigs could be working on deepwater programs in South America depending on how new prospects turn out.

read more →

Bassoe: Offshore rig market shakeup to continue in 2018

The theme for 2017 was perseverance. For 2018, it’s adaptation.

read more →

Bassoe: Zombie offshore rigs don’t threaten rig supply

Some of them are walking dead, but old rigs aren’t coming back to get us.

read more →

Bassoe: Offshore rig market to reach 85% utilization again

By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in ...

read more →

Bassoe: Get ready for the deepwater revival in Brazil

By: David Carter Shinn Brazil won’t save the deepwater market, but it’s going to help it. Petrobras will resolve ...

read more →

Consolidation to hit offshore drilling industry (or not?)

By: David Carter Shinn Rig owners’ aversion to consolidation creates a barrier which slows progress toward ...

read more →

Bassoe: Offshore drilling rig empires to take over industry

Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be ...

read more →

Bassoe: Up to 340 offshore rigs could be scrapped by 2020

By: David Carter Shinn It may sound too good to be true, but it’s not completely out of the question. With ...

read more →

Diamond stacks one, plans to sell five semi-subs

Drilling contractor Diamond Offshore has stacked one semi-sub rig and is selling five others, according to its ...

read more →

New gigs revive two Transocean rigs

Offshore drilling contractor Transocean has secured more work for its drilling rigs, which meant returning from ...

read more →

Bassoe: Norwegian market facing shortage of harsh semisubs

Increasing number of North Sea drilling projects, oil company efficiency requirements, high barriers to entry, and ...

read more →

Bassoe: What will offshore rig recovery look like?

The word “recovery” dominates most discussions about the offshore oil and gas industry these days – and ...

read more →

Noble Corp. posts 1Q loss. CEO sees improvement in market

Offshore driller Noble Corp. has reiterated its belief in long term-oil market fundamentals despite posting a loss ...

read more →