Deepwater drilling rig rates

Report: ''Big 3 offshore drillers'' reporting increasing day rates

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers remaining disciplined about rig

Transocean Ltd. Provides Quarterly Fleet Status Report

Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland—July 25, 2022—Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that

Offshore drillers see tightening rig market, increasing day rates

Signs of an improving global offshore drilling market appear to be flourishing, with longer contract durations not seen in years, rising day rates and upstream customers asking to secure rigs

Global Deepwater Rig Demand Seen Flat in 2025

Keywords: contract, deepwater drilling rig, vantage drilling, reactivation, wood mackenzie, ultradeepwater rig, drilling equipment, global deepwater rig demand, contractor,

Offshore Drilling Rates Approaching $500,000 Per Day Mark

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels, leading to a 40% increase in rates over

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

We''re keeping tabs on drilling rig cost trends so you can remain up-to-date, whether you plan to buy, sell, rent, or are just researching. Here''s

Petrodata Weekly Rig Count | S&P Global

The information provided and much more data on the offshore rig fleet can be sourced via the S&P Global proprietary offshore rigs information products,

Rigs report: drillers bullish as day rates and

As OSJ has reported, day rates for deepwater rigs have improved significantly, with a tightening offshore market improving contract terms and

Westwood Insight – As dayrates continue north, could we see

The swift rate of cost inflation forces operators to take stock of their rig provisions and look to keep future drilling projects economical.

Upstream Solutions | S&P Global

Our solutions integrate advanced performance analytics and AI, providing a comprehensive view of the upstream lifecycle—from exploration to decommissioning.

Floating rig utilization rebounds to pre-COVID levels

Offshore staff LONDON/HOUSTON/SINGAPORE – Rig utilization has returned to pre-COVID levels and rig day rates are up 40% over the past year, according to a recent

Day rates in Asia-Pacific on the up | S&P Global

Day rates continue to climb in APAC while demand in the region increases and supply tightens. Although this trend presently holds true for

Global Offshore Drilling Rig Dayrate Forecast

Westwood''s Global Offshore Drilling Rig Dayrate Forecast 2024-2028 report provides detailed insight on historical offshore drilling rig dayrate

As rig day rates grow, Transocean adds $650 million

Offshore drilling contractor Transocean has secured new contracts and extensions for its rigs with a particular emphasis on its drillship fleet and

Clarksons Research: Offshore oil and gas vessel

Offshore oil and gas markets continued to strengthen in 2023, with the Clarksons Offshore Index rising by a further 27% to a multi-year high of

Floating rig utilization rebounds to pre-COVID levels

Offshore staff LONDON/HOUSTON/SINGAPORE – Rig utilization has returned to pre-COVID levels and rig day rates are up 40% over the past

Global Land Drilling Rig Dayrate White Paper

Since the oil and gas downturn of 2014 there has been significant pressure on drilling service costs, including land rig dayrates. One of the most

3 Key Trends To Watch In Offshore Oil & Gas Sector

2024 has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Analysts wonder

Offshore rig prices climb amidst deepwater drilling boom

(Bloomberg) – Drilling for oil in miles-deep ocean water is booming again with rig-rental prices forecast to climb another 18% after doubling over

Offshore Drilling Rigs Market Size | Mordor Intelligence

Offshore Drilling Rigs Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Offshore Drilling Rigs Market is

A Look inside the Deepwater Atlas

In this context, the increase in marketed rig utilization and dayrates is unsurprising. Given the underlying fundamentals, it is clear that the drilling

Rigs, Rates and Recapping 2Q

Rigs, Rates and Recapping 2Q Thoughts on major Deepwater Drillers, Turkey''s Big Surprise, Jackup M&A Heating up, Namibia Conference and the Brunei Bay Indicator

Report: ''Big 3 offshore drillers'' reporting increasing

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers

Offshore Rig Dayrates ''Quickly Heading'' to $400,000

RESHAPED DRILLING INDUSTRY Transocean, which operates ultra-deepwater and harsh environment rigs, said in its annual report for 2021 that contractual dayrates for its

Gloomy offshore rig market pins hopes on 2026 rebound

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026 recovery driven by tighter rig supply and

Offshore Drilling Explained: Technology, Safety, And The Future

I. What is Offshore Drilling? Offshore drilling is the process of extracting petroleum and natural gas from underground reservoirs located beneath the seabed, typically in oceans, seas, or

Report: Asia-Pacific rig rates, demand rising

Transocean''s Dhirubhai Deepwater KG2 remains stacked, although it could depart the area for a contract elsewhere. Rates for new drillship

Deepwater oil rigs may fetch $600,000 a day as

(Bloomberg) – The price to rent a deepwater drilling rig may climb to near record levels if demand from oil companies continues to increase in

Drillship bonanza: utilisation to hit 97% in 2025

Ultra-deepwater E&P drilling activity in Brazil, Guyana and Suriname and the US Gulf of Mexico (US GoM) has attracted dozens of high

Rig utilisation rate to near 100% in 2024 as drilling

Rig utilisation rate to near 100% in 2024 as drilling hotspots drive demand Consultant upbeat for coming year, following 2023''s ongoing recovery "Magical" dayrate:

Day rates in Asia-Pacific on the up | S&P Global

Day rates continue to climb in APAC while demand in the region increases and supply tightens. Although this trend presently holds true for many other regions in the world, a

Westwood Insight – As dayrates continue north, could

The swift rate of cost inflation forces operators to take stock of their rig provisions and look to keep future drilling projects economical.

Deepwater drilling rig rates [PDF]

Mining Drilling Rigs Inc.