HOME / Idle drilling rigs

Idle drilling rigs

The Future Of Long-Idle Drillships: Cold-Stacked Or

Noble Corporation''s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship

Ending the zero-sum game in offshore drilling

This could involve: Repurposing idle fleets. Offshore drillers need to act now to determine where they could compete effectively in offshore wind or deep-sea mining, and

Analysis of the mining equipment replacement time. A case study

Mining equipment is subjected to degradation throughout its operation lifetime, being the definition of the replacement time for mining equipment a vital question. Requiring

U.S. Oil Industry Has Idled 201 Rigs in 10 Months

The question now becomes whether or not oil and gas producers need to idle even more rigs going forward in order to help keep prices propped

Shale Drillers Idle US Rigs at Fastest Pace in Almost Two

Drilling in the US shale patch declined at the fastest pace in almost two years as mounting international trade tensions threaten to stifle energy demand.

Time usage models explained

Time Activities Categorisation Active Time Rig is available and running. Active (Drilling): Bit-on-bottom time – the rig is actively drilling. Active (Productive): Non-drilling

Ending the zero-sum game in offshore drilling

This could involve: Repurposing idle fleets. Offshore drillers need to act now to determine where they could compete effectively in offshore wind

Bringing idle offshore rigs back to life a growing opportunity

Reactivating offshore drilling rigs that have been idle for long periods is a growing opportunity despite the high number of rigs that are already in shipyards being reactivated,

Idle drill rigs can get second wind in green energy market

Green energy markets could provide a new lease of life for drilling rigs left surplus to requirement by the ­collapse in the oil and gas industry,

Getting the Gulf back to work: Let''s remove idle oil drilling

It has come to my attention that more than 1,000 oil rigs are sitting idle in the Gulf of Mexico. These rigs have not been affected by the recently announced drilling moratorium –

U.S. offshore rig count in idle mode for two weeks in a

The number of offshore rigs in the U.S. stayed flat at 18 units for two consecutive weeks, according to Baker Hughes'' weekly rig count report

Norwegian driller secures provisional contact for idle

4 days ago· Norwegian offshore driller Dolphin has secured a provisional contract for a deepwater semi-submersible rig that has been idle for some time. The

Mid-Year 2025 Outlook

Given offshore drilling''s long-cycle nature, earnings trajectories are often visible from 12-24 months away. The Aggregate Quarterly EBITDA chart below (NE+RIG+VAL+SDRL)

Readying Idle Rigs to Return to Work

A considerable amount of work will be needed in readying idle rigs to return to work because they have been sitting idle for an extended period. A

H&P Sees Softening Rig Activity, Expects to Drop 24 Rigs

Despite a rig count lower than predicted, Helmerich and Payne CEO John Lindsay predicts a strong second half in 2023 as oil drilling picks up.

Shale drillers idle U.S. rigs at fastest pace in almost two years

The number of U.S. rigs drilling for crude — a closely followed metric that can point to future oil output — fell by nine to 480 this week, the biggest drop since June 2023,

Early indicator of US shale drilling

Service companies store drilling equipment in yards when operations slow and return this machinery to the field when business picks back up. Changes in

Idle drilling rigs present quandary for scrap market

Idle rigs, along with a further 27 semi-submersible rigs and 68 jack-up rigs that have been cold-stacked, are grounded during lay-up and their systems need to be reactivated for refloating to

US Shale Drillers Idle Rigs: Causes and Market

The American energy landscape is undergoing a significant transformation as shale drillers idle their rigs at an unprecedented rate.

Idle Drilling Rigs Actually Require a Lot of Work

It turns out that owning an out-of-work drilling rig is actually a lot of work. A pair of presentations from offshore rig contractors shared at this

SinoOcean to convert idle drilling rigs for offshore wind turbine

SinoOcean, the idle offshore assets management platform set up by major Chinese state-run offshore builders, has entered into an agreement with Power Construction

Global Land Drilling Rigs Tracker

Each month Westwood''s onshore team provides a global update on land drilling rig supply, with data sourced from and analysed using Westwood''s Global Land Rig tool.

Idle Drilling Rigs Actually Require a Lot of Work

Idle Drilling Rigs Actually Require a Lot of Work When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two

China putting its idle rigs back to work

China putting its idle rigs back to work Rig manager SinoOcean busy chartering stacked units for domestic and overseas drilling Activity: Semi

Hundreds of oil leases in the Gulf of Mexico sit idle.

Despite President Donald Trump''s calls to "drill, baby, drill," many oil companies operating in the Gulf will likely sit on hundreds of untapped oil

DRILLING OPERATIONS Cold, ready-stacked fleets dwindle as rig

Mobile drilling unit utilization at highest level in 10 years Tom Marsh Offshore Data Services Download the Idle Mobile Drilling Units Table in PDF format. Worldwide, 139 mobile

How Cold Stacking Can Help Save Money for Inactive

In this article, learn about the options that help offshore drilling contractors tackle inactive oil rigs, saving money in the process.

Deep-water drilling giants set high bar for returning

Deep-water drilling giants set high bar for returning idle rigs Transocean, Noble and Valaris all confident the right contracts will come to

Idle drilling rigs
Idle drilling rigs [PDF]

Related Contents

Power Your Operations With Reliable Mining Equipment?

We are a leading manufacturer of drilling rigs and air compressors for mining and construction industries.