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Bassoe: The emergence of low-cost drilling contractors

Ocean Rig filed for Chapter 15 bankruptcy protection this week. Another lower-cost offshore rig owner is now ...

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Rig delivery deferral may not always be the best option

Packed full of jackup rigs which owners don’t want to take delivery of, shipyards are doing little to help their ...

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Bassoe: Newbuild jack-up delivery outlook not improving

While delivery dates for the 107 jackups under construction get pushed back toward 2020, the path to achieving ...

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Bassoe: The art of rig stacking and reactivation

With over 70 ultra deepwater floating rigs stacked and waiting for contracts and over 20 newbuilds sitting ...

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Bassoe: Owners still reluctant to recycle old jack-ups

The offshore rig market has been flooded with newbuilds over the past 10 years. Now oversupply is killing ...

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The past, the present, and the future of floating rig market

Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy ...

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Oil bet gone wrong: rusting tankers, rigs clog Asian waters

Some 15 km (9 miles) from the bustling port of Singapore,a rusting tanker as big as the world's largest aircraft ...

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U.S. offshore rigs spiral downwards

U.S. weekly offshore rig count has dropped from last week, Baker Hughes has reported in its weekly rig count ...

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Rig delays hurt South Korea's exports

Low oil prices put a dent in South Korea’s exports numbers for August 2015, but the country still ended the ...

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Rowan trio stays in Saudi Arabia

Rowan Companies, a U.S. drilling contractor, has secured several contract extensions, according to its August fleet ...

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Middle East NOC hires two Vallianz rigs for up to $300M

Singapore’s Vallianz, a provider of offshore support vessels and integrated marine solutions to the oil and ...

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Diamond Offshore swings to loss on rig impairments

Diamond Offshore Drilling, Inc., a Houston-based offshore drilling contractor, today reported a net loss of $256 ...

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Transocean: Two contracts in, one out, one rig to scrapyard

Transocean, a Switzerland-based offshore drilling contractor, has notched up $26 million worth of rig contract ...

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Technip to work on China’s first Tension Leg Platforms

French oilfield services provider Technip and its consortium partner China Offshore Oil Engineering Company (COOEC) ...

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Keppel, Transocean agree rig deliveries delay

Transocean Cepheus, Transocean Cassiopeia, Transocean Centaurus, Transocean Cetus and Transocean Circinus are five ...

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Drydocks World berths 9 rigs. Sets new record

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors currently ...

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Offshore rig count still rising

Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. According to Baker ...

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Statoil extends suspensions for rig trio

Norwegian oil company Statoil has extended the suspension times for three offshore drilling rigs. The company said ...

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Seadrill pauses rigs orders. Cuts dividend

Seadrill will refrain from ordering new offshore rigs in the near future due to the challenging market conditions ...

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Hoidi to deliver legs for four jack-up rigs

Hoidi International Pte Ltd, a Singapore-based offshore engineering & construction company, has won an order to ...

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MacGregor mooring systems for Mermaid’s tender rigs

MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring ...

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