Newbuild drilling rigs globally

Borr Drilling snaps up accelerated newbuild jack-up from Seatrium

Singapore''s Seatrium has delivered about one year early the fourth of five jack-ups it is building for rig contractor Borr Drilling. The jack-up Vali was completed and delivered on an

Why newbuild orders face high barriers despite offshore drilling

While the offshore drilling market is at the beginning of an extended upcycle, the cautious approach of drilling contractors towards newbuild orders highlights the ongoing

Strategic upgrades likely to sustain offshore rig fleet in

The combination of strong oil demand and high oil prices during the offshore drilling upcycle in the early 2010s spurred a wave of orders for

Drilling rig newbuild drought could end as enquiries emerge

The red-hot global drilling market has finally whetted the appetite of rig owners and operators for newbuild units with yards now receiving enquiries for potential construction jobs.

Global land & offshore oil rig count 2024| Statista

Annual average rig numbers and offshore rig utilization Similar to end of year figures, the annual average number of global oil rigs also

Drilling Automation and Innovation-2025

Drilling Automation and Innovation-2025 Everywhere you look these days, there is talk of how advances in big data, artificial intelligence, and machine learning will revolutionize

How Much Does a Drilling Rig Cost in 2025? (New, Used, Rent)

Drilling rig prices fluctuate based on factors like oil and gas industry demand, global energy prices, and environmental regulations. Costs of specialized equipment and

Lamprell Delivers Newbuild Jack-up Rig ''Kingdom 1''

The rig features high-specification offshore drilling technology, as well as accommodation for up to 120 people. With this handover, Lamprell has

Steady but flat outlook forecast for the global onshore

By Stephen Whitfield, Senior Editor Today''s global onshore drilling market is in a holding pattern. With activity expected to go up in some regions

Top 10 offshore rig managers expand their dominance

The global supply of offshore drilling rigs continued to shrink last year, even as demand picked up across multiple regions. At the end of 2021,

No newbuild cycle? No problem... | S&P Global

The offshore rig sector is back on the road to recovery. But though demand is robust enough to warrant newbuild orders, the economics just do not make sense at this juncture.

Why newbuild orders face high barriers despite offshore drilling

Strong demand for oil combined with high oil prices during the previous offshore drilling upcycle (2010-2014) spurred a wave of new orders for offshore drilling rigs, particularly

No newbuild cycle? No problem... | S&P Global

The offshore rig sector is back on the road to recovery. But though demand is robust enough to warrant newbuild orders, the economics just do not make sense at this

Top 10 offshore rig managers expand their dominance

The global supply of offshore drilling rigs continued to shrink last year, even as demand picked up across multiple regions. At the end of 2021, the total supply of drillships,

Nabors Industries

Nabors Industries is one of the largest land drilling contractors in the world. The company provides drilling rigs, technologies, and related services for land and offshore oil and gas

The Future of Offshore Oil Rigs: 2025 and beyond

Explore the future of offshore oil rigs, job opportunities, and rising demand for offshore energy. NES Fircroft is here to support your recruitment

2024 offshore drilling outlook: Westwood''s top three

The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day

Offshore rig roundup: Transocean gets contract extensions,

In this week''s news roundup, Offshore covers the latest rig contracts and newbuild projects of the offshore drilling sector.

Who will purchase the last remaining newbuild drillship?

The last remaining state-of-the-art newbuild drillship available for purchase is located in Singapore, but is struggling to attract a potential buyer.

Westwood Insight – A mixed drilling outlook for the

Higher oil prices in 2021 led to a healthy rebound in global drilling activity the following year, helping production in areas such as the USA and

Rig construction market remains quiet but with room

Editor''s note: This story first appeared in the November-December 2022 issue of Offshore magazine. Click here to view the full issue. By Justin

First in Kingdom well spudded by ARM | Aramco Life

The first onshore rig, manufactured in-Kingdom and delivered by Aramco''s joint venture (JV), the Arabian Rig Manufacturing Company (ARM),

Despite higher day rates, new rig orders not on the

The ongoing upcycle in the offshore drilling market, which is expected to be a multi-year one, has resulted in higher day rates and fleet

Lamprell jackup departs UAE for Saudi Arabia

The rig, based on the LeTourneau Super 116E design, is said to provide high-spec drilling technology and accommodation for up to 120 people. It also marks the 30th newbuild

UAE''s Lamprell delivers its 29th new build jackup rig

Following a handover signing ceremony held at Lamprell''s Hamriyah facility on 6 October 2023 and a rig naming ceremony that took place in KSA on 9 November 2023,

Borr Drilling takes delivery of newbuild rig from Seatrium ahead of

Borr Drilling, which recently disclosed a backlog of $1.62 billion for Q3 2024, claims the global demand for offshore drilling services, including jack-up rigs, remains strong despite

Top Offshore Drilling Companies in 2025 | Leading Firms

Top Offshore Drilling Companies dominate 2025 with innovation and expertise. Discover the leading firms in the offshore drilling industry.

ADNOC Drilling secures $806 million contract for three new island rigs

ADNOC Drilling announced today that it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of $806 million1 to support

World Land Drilling Rig Market Forecast 2021-2025

In this tenth edition of the ''World Land Drilling Rig Market Forecast'' report, Westwood assesses the current landscape of the industry

Newbuild drilling rigs globally [PDF]

Mining Drilling Rigs Inc.