The International Association of Drilling Contractors (IADC) North Sea Chapter Safety Awards celebrated its member companies for safety performance in 2012. Northern Offshore and Ensco won in the jackups category while Noble Drilling and Stena Drilling were acknowledged for semisubmersibles…
The global rig market is strong, with high utilization, high day rates, and nearly 200 offshore drilling rigs under construction. Drilling contractors are changing their fleet makeup, modernizing, streamlining, and concentrating on market sectors…
Transocean celebrates two new jackupsDancing, speech and gift giving and flying confetti were the order of the day at the formal naming ceremonies today for two newbuild High-Specification Jackups,Transocean Siam Driller and Transocean Andaman…
Dubai-based Shelf Drilling acquired 38 shallow-water drilling rigs after completing a US$1.05 billion sale with Transocean. Shelf Drilling is also expected to pick up as many as 3500 employees from the deal. Shelf Drilling will take control of seven rigs immediately…
Rising day rates and demand for drilling in deepwater environments are helping the offshore drilling sector recover from not just the global economic gloom of recent years but also the post-Macondo drilling moratorium in the US. According to…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…
Despite a brief interruption post-Macondo, the rig newbuilding boom that started in 2005 is gathering momentum. Jennifer Pallanich talks to IHS about the latest trends in the drilling contractor market.One of the trends that Tom Kellock, Houston's head of consulting for IHS Petrodata…
Orders for newbuild floaters and jackups have surged to the highest level in years. But will tight shipyard capacity squeeze some drillers out of the market? Russell McCulley rounds up some opinions on the drilling business circa 2011, including a forecast of greater industry consolidation…
Utilization trends for the worldwide mobile offshore drilling fleet are slightly depressed of late. Overall utilization dipped to an average of 69% last month. Global utilization rates for semis are 78%, below the average for the prior six month period of 82%…
Worldwide utilization for the mobile offshore drilling fleet averaged 72% over the last month. Of late the global utilization rates for semisubmersibles have held steady at approximately 83% while rates for drillships have bounced around the mid-to-low 80% range…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 74%; holding steady for the last three months at the bottom of a…
OE 's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 76%, near the top of a 74%-76% band that it has traversed over the past 11 months…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…
Earlier this year, Indonesia’s Graha yard launched its first newbuild jackup rigs. Jennifer Pallanich talks to owner Drydocks World about the the yard’s journey so far and its plans for the future.Drydocks World bought Labroy Marine’s Graha facility on Indonesia’s Batam Island in early 2008…
The recent building boom in jackups will peak in 2010, with more than two dozen new rigs, many without contracts, scheduled to enter a market still trying to dig out from under a global recession. But hopes abound that the market will be able…
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