Offshore Rigs News Today

Earlier this year, ONGC sought 12 rigs for its projects but got only 10. New rig contracts it signed then were about 50% more expensive than the deals closed three years earlier. Since then, things have gotten only more expensive, with some of the services doubling in price.

/PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Flame Retardant Polyester Fiber Market by Type (Inherent FRP...

The energy crisis in 2022 has reinforced that the exploration of oil and gas will likely continue to play an essential part in the energy mix in the future...

2022 has brought with it a continued increase in jackup, semisubmersible (semi) and drillship demand, utilisation, and dayrates, which have all reached highs not witnessed since 2014, and Westwood anticipates further increases through to 2026.

The Business Research Company’s Oil Accumulator Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

Press release content from Business Wire. The AP news staff was not involved in its creation.

North Hudson Resource Partners and its affiliated funds have acquired LOGOS Resources II in a deal worth around $402m.

Contractors have submitted bids for a contract to build a long-term testing facility at the Sabriyah field in Kuwait.

Candeias-Mar is a conventional oil development located in shallow water in Brazil and is operated by Petroleo Brasileiro

State-run Qatar Energy is considering further expanding its LNG capacity amid surging gas demand in Europe, reported Bloomberg News.