Drill Rigs News


Are North Sea Jack-Ups Set for Flat 2024?

Feb 21, 2024

Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017…

The Rise of the Mighty Middle Eastern Jackup Market

Jun 16, 2023

It’s hard to believe that once upon a time the Middle Eastern jackup segment comprised of less than 60 units when today marketed supply sits just shy of three times that amount (180 unitsIt’s hard to believe that once upon a time the Middle…

Shell Books Stena Don for UK Drilling, P&A

Jul 29, 2022

Shell UK has signed a one year contract, with a year extension option, with Stena Drilling for the use of the Stena Don in the UK North Sea. The contract is due to start in Q2 2023 and will cover well activities, including a combination of plugging…

Baker Hughes Finds US Drillers Add Most O&G Rigs Since April

Jan 14, 2022

U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan…

Market Report: 'Transformation' on the Horizon in the Offshore Rig Market

Aug 02, 2021

The offshore drilling rig market is showing remarkable signs of recovery despite having faced severe headwinds of late. Throw the “green” rig revolution and further consolidation into the mix, and the next few years could be a period of real transformation for the industry…

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