Drilling dayrates soar amid global semisub sell-out
Heated demand in Australia, Mexico and West Africa has seen the global market for the latest generation of semi-submersible rigs reach 100% utilisation for the first time in nearly a decade.
Teresa Wilkie
Westwood: offshore drilling rig scrapping at lowest level in years
Rig owners are keeping hold of their older units as the offshore drilling sector continues its bounce back from a multi-year downturn.
Market analyst notes ‘fall away’ in North Sea rig tendering activity on windfall tax ramp up
A top rig market analyst has laid bare the impact of the UK Government’s windfall tax hike on the UK’s drilling sector.
Westwood – low-emissions drilling rigs fetching ‘premium dayrates’
Low-emissions drilling rigs are commanding “premium dayrates” as contractors seek to slash their operational footprint.
Westwood bolsters rig market capabilities with new senior appointment
Leading energy consultancy Westwood Global Energy Group has appointed a new research director to its RigLogix team.
Demand for offshore rigs predicted to rise in coming years – Bassoe
The demand for offshore rigs is expected to grow in the coming years, despite scores of assets currently sitting idle.
Drillships back to pre-Covid levels as owners test $200K ‘ceiling’ on day rates
The “psychological ceiling” of $200,000 day rates for offshore drillships will be broken “more routinely” now that the market has reached pre-Covid levels.