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Worldwide floater drilling rigs not delivered

Reviewing rig construction cost factors

Many factors influence rig construction cost. Market conditions, design type and class, construction shipyard, and rig specifications are the

Top 10 offshore drillers catch the wave of rising

The global offshore drilling fleet kept busy in 2023, returning more rigs to work and delivering several formerly stranded newbuilds.

The 5 Different Types of Oil Rigs

#5 Floating Rigs or Floaters In very deep water, it is not practical to attach an offshore rig to the bottom of the ocean. Floating oil rigs are kept in place by anchors or

Review on Fixed and Floating Offshore Structures.

The applications of these offshore structures require different activities for proper equipment selection, design of platform types, and

8.4.3.2: Semi-Submersible Rig | PNG 301:

A Semi-Submersible Rig or a " Semi-Sub " or a " Semi " or a " Floater " is a drilling rig that is used to drill wells in water depths inaccessible to jack-up rigs (water

10 biggest semi-submersible rigs in the world

In the fascinating world of offshore engineering, semi-submersible rigs have emerged as true marvels of modern technology. These specialized marine

Offshore Drilling and Production Equipment

This chapter covers the basics of rotary drilling technology, recent progress of drilling engineering, characteristics of various offshore drilling rigs, and types of offshore production systems. The

Semisubmersible rig order surprises offshore market

In the world of energy, where everything seems to be in surplus, the announcement by Awilco Drilling PLC of an order for a new, harsh

Petrodata Weekly Rig Count | S&P Global

Updated each Friday, the Weekly Rig Count provides accurate offshore drilling rig data by major region and globally. Our team of global analysts compiles oil rig

One Quarter of the Global Floater Fleet Could Be Scrapped as

Restructuring in the already-stretched offshore drilling market will accelerate, a Rystad Energy analysis shows, and the global floater fleet, whose utilization has been

One-quarter of floaters could be scrapped

OSLO, Norway – Restructuring in the already-stretched offshore drilling market will accelerate, according to Rystad Energy, and the global

Drillers must scrap one quarter of floaters, Rystad says

One quarter of the global floater fleet faces scrapping amid tough times for the offshore industry, Rystad has said, with demand hitting bottom in 2021.

Floating rig utilization rebounds to pre-COVID levels

The report also noted that active floater utilization has rebounded from a low of 65% in 2018 to over 85% in 2023. Wood Mackenzie also said

World Floater Market Is Stable

The floating rig market was showing signs of stability in many of the world''s major drilling basins. However, reports Offshore Data Services, demand for older, second-generation

Hyundai Heavy Delivers World''s Largest Semi

Hyundai Heavy Industries (HHI) has delivered the world''s largest semi-submersible drilling rig to the commissioning firm. The company said on

Newbuild drillship and semi-submersible delivery deferrals at an

The advantage for the newbuild floaters compared to newbuild jackups is that the former are primarily owned by established drilling contractors who have the financial base to

Petrodata Rigs

The offshore rig market has experienced a sluggish first quarter of 2025, marked by a limited number of fixtures and demand being deferred to 2026 or 2027. With ''white space'' continuing

Rig Contractors News

Diamond Offshore Drilling Inc, one of the world''s top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling.

Worldwide floater drilling rigs not delivered [PDF]

Mining Drilling Rigs Inc.