The recovery in the offshore drilling industry is just getting started, especially in the drillship and jack-up rig segments, according to market analysts. Esgian’s current estimate for reactivating a ...

Transocean’s (RIG) drilling revenue for 1Q16 was $1.34 billion, nearly 28% lower than $1.85 billion in the previous quarter and 34% lower than the $2 billion in revenue in 1Q15. Transocean earns its ...

Statoil let a contract to Aker Solutions to hire a category B drilling rig, a new type of rig, which is designed to increase recovery from the company’s operating fields on the Norwegian continental ...

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. The contract for the two category D rigs is worth an ...

The horizontal rig count decreased by 48 from the previous week’s count. This was the eighth straight weekly fall. Currently, there are 1,253 horizontal rigs. The count now is 119 less than the 1,372 ...

Dublin, March 15, 2022 (GLOBE NEWSWIRE) -- The "Global Horizontal Directional Drilling Market By Component, By Machine Type, By Machines Parts, By Rig Type, By Rigs Sales Type, By Application, By ...

The offshore drilling industry continues to show some signs of a recovery, but it is a very weak and sporadic one. The utilization rate for the ultra-deepwater semisubmersible fleet plunged to the ...

India's ONGC plans to hire at least four cantilever-type jack-ups of MLT or BMC design, able to operate in water depths up to ...