With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market.
Suddenly there’s a lot going on in the Mexican offshore rig market. So much that it’s confusing. Here’s your guide to what’s happening.
Recent long-term offshore drilling contract awards might not fit with investors' expectations, but it’s the expectations that are the problem, not the reality.
Survey respondents think drilling rig demand will increase and the harsh environment semisub market is undersupplied, but peak oil demand is a growing concern.
It’s an opportunistic deal at a good price, but adds one more uncontracted rig to their underutilized fleet.
So many issues, so many opinions. These eight questions are your chance to have your say and find out what others are saying about the offshore drilling industry.
A little over a year ago, Awilco Drilling was just a company with two old North Sea semisubs. Now they’re on the offensive.
It’s only February, but Shelf has done the deal of the year so far. And China gets some relief for their stranded jackup headache.
Noble scores big (again) in newbuild jackup acquisition.
It’s gotta stop at some point. And it will. There’s more excitement coming.
A great start, a disturbing ending, and a lot of excitement. Here's our 2018 recap.
You could say offshore rig owners dug themselves a deeper hole, but that could be misleading.
There’s still over 50 newbuild jackups stranded in Chinese shipyards. It’s the end of 2018, and nobody knows when or how many of those rigs are coming to the market.
The current fundamentals in the market aren’t driving values; buyers are. As deepwater drillship transactions keep trickling in, values are likely to climb further.
The offshore rig market needed consolidation, and it got it in one mega dose. The merger between Ensco and Rowan will change the entire offshore drilling industry.