Tag: offshore drilling

• Friday, August 12th 2022 - 02:40 UTC

  Offshore drilling on the rebound for the foreseeable future, rig providers report

  

  By Tsvetana Paraskova for Oilprice.com – After years of uncertainty and stagnation, the offshore drilling market is on the rebound and is in the early innings of an up cycle in investment and activity that will outpace the 2016-2019 cycle, major services and rig providers say. Analysts and top offshore drilling executives say that offshore rig utilization and day rates are also rising in a market that is expected to tighten going forward.

• Monday, November 2nd 2020 - 09:02 UTC

  A quarter of global floater segment faces scrapping, according to Rystad Energy

  

  One-quarter of the global floater (offshore drilling rig) segment could be scrapped. That’s according to Rystad Energy, which outlined that restructuring in the “already stretched” offshore drilling market will accelerate.