Offshore Rigs News - page 2


Noble, Green Yard Sign Maintenance Contract for GreatWhite Rig (Video)

Jun 08, 2025

Noble and Green Yard have entered into a contract for a scheduled yard stay for the ultra-deepwater semi-submersible drilling rig Ocean GreatWhite, owned by Noble Corporation.The rig will enter the yard for maintenance, demobilization and upgrades after it has completed its job west of Shetland…

Transocean Scoops $100M for Two-Well Drilling Job for Equinor

Jun 05, 2025

Transocean has secured $100 million from two-well option exercised by Equinor for one of its harsh environment semi-submersible drilling rigs.Equinor has decided to extend Transocean Spitsbergen semi-submersible rig’s stay in Norway, with the latest option exercised by the company…

Wärtsilä to Supply Regasification Module for Egypt-Bound FSRU

Jun 03, 2025

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply a regasification module for Höegh Evi, which will be installed onboard the LNG carrier Hoegh Gandria to convert the vessel to a high-capacity floating storage and regasification unit (FSRU)…

Kongsberg Maritime to Supply Equipment for Sea1 Offshore’s OCVs

Jun 03, 2025

Kongsberg Maritime has secured a contract to supply a comprehensive equipment package for four new offshore construction vessels (OCVs) to be built at Cosco Nantong for Norwegian offshore services provider Sea1 Offshore.Kongsberg Maritime and…

Steerprop Launches Largest Retractable Thruster

May 28, 2025

Finland's Steerprop expanded its range of retractable thrusters with its biggest unit to date. Designed for offshore vessels and workboats that need high-performance station-keeping or thrust boost capabilities, the SP 45 R will be introduced on several offshore…

Woodside to run North West Shelf LNG Plant to 2070

May 28, 2025

Australia conditionally approved on Wednesday a request by Woodside Energy to extend until 2070 the life of its North West Shelf gas plant, following a six-year review dogged by delays, appeals and backlash from green groups.The facility on…

ADNOC Drilling Secures 15-Year Contract for Two Rigs

May 28, 2025

ADNOC Drilling has been awarded a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations.The new rigs represent the latest generation of jack-up rigs and have been prepared for operations at the Lamprell shipyard in Sharjah…

Report: Gas Investments in Australia Stalling

May 27, 2025

Australia is losing its competitive edge in attracting investment in natural gas exploration and production, threatening the nation’s energy security, economic growth and emissions reduction targets, a new report by Wood Mackenzie has found…

SeaRenergy, Tethys Robotics Partner on Subsea Inspection Services

May 27, 2025

SeaRenergy Offshore Holding GmbH and Tethys Robotics AG will partner to integrate the Tethys ONE system into SeaRenergy's offshore service portfolio, enhancing the efficiency and quality of subsea inspections.The Tethys ONE is an underwater…

Terradepth Lands Long-Term Offshore Survey Contract in Asia Pacific

May 22, 2025

Terradepth, a provider of Ocean Data as a Service (ODaaS), has secured a five-year Master Services Agreement with a major offshore energy company in Asia Pacific region.Terradepth will deliver autonomous hydrographic survey and data services…

Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021

May 04, 2025

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi…

Merger: Hendrik Veder Group (HVG) and Dutch Steel Fabricators (DSF)

Mar 17, 2025

After several years of collaboration, Hendrik Veder Group (HVG) and Dutch Steel Fabricators (DSF) are consolidating, creating a  “one-stop-shop” for lifting and rigging solutions. Two companies within the DSF Group—Gouda Constructie and Breda…

Offshore Drilling 2025: 3 Things to Watch During a Year of Market Corrections

Dec 24, 2024

2024 has been another strong year for the offshore drilling rig market with high utilization and dayrates. However, the winds of change have started to blow, and the market is already showing some signs of weakening demand and declining dayrates across the three main rig types – jackups…

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Oct 24, 2024

While utilization for marketed jackup rigs is at a healthy 100% in the Asia Pacific (APAC) region, it is an ageing fleet that will ultimately be unable to fulfil operator age requirements.Westwood’s RigLogix records 39 marketed jackups in APAC…

Namibia: The Newest Most Promising Deepwater Rig Demand Hotspot

Aug 27, 2024

Over the past few years the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs.According to Westwood’s Wildcat, “the…

Current News

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Cost Surge Looms Without Urgent Well Decommissioning Action, NSTA Warns

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