"It's alive!": Offshore Drillers Start
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes…
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Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes…
Offshore drilling rig reactivations have begun as utilisation and dayrates continue their rapid recovery. Several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead.
Last week Brent crude touched $80 per barrel for the first time in three years. What may be even more remarkable is that it has remained above $60 per barrel since February 2021. Meanwhile, there have been various signs that the offshore rig market is now in an upcycle following a cavernous and drawn out ...
Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while…
Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region…