HOME / Offshore drilling rig day rates factory

Offshore drilling rig day rates factory

Report: Asia-Pacific rig rates, demand rising

Borr Drilling''s Saga recently secured a four-year deal at a rate reportedly just under $105,000 per day, while the same operator has taken the

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

OPINION | Offshore drilling upcycle continues, but

Offshore drilling sees strong 2024, but market corrections expected in 2025 due to declining demand and dayrates. Inflationary pressures to drive

Westwood Insight – As dayrates continue north, could

The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average US$118,000,

Operators consider novel rig deals to limit day rates

Offshore staff LONDON — Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group

S&P Global Commodity Insights

Petrodata Rigs by S&P Global provides unrivalled industry-leading data on the global offshore drilling rig market and gives answers to key rig market questions, such as availability, day

Westwood Insight – Offshore drilling upcycle continues, but 2025

3. Leading-edge dayrates will decline 2024 brought some additional clean (that is, excluding additional items such as MPD or integrated services) floating rig rates above

Offshore rigs utilization rate by region 2025| Statista

South America had the highest marketed utilization rate of offshore oil and gas rigs in the week of August 15, 2025. *** percent of the total marketed rig fleet in South America

Rig Dayrates Have Risen, So Where are the New rig Orders?

Much has been written in recent months about the increase in offshore rig utilization and dayrates. With some key segments of the fleet at 95% utilization or higher, dayrates for recent fixtures

Offshore drillers see tightening rig market, increasing day rates

In shallower waters, jackup rig demand continues to "steadily increase," and the contracted jackup count now at its highest level since mid-2015, he said. As a result, active jackup utilization is

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.

As Dayrates Continue to Rise, Could We See More

The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average $118,000, $368,000 and

Rising day rates, utilisation drive rosier outlook for OSVs

Rising demand for offshore drilling rigs and OSVs is putting upward pressure on day rates and utilisation, providing a fundamentally

Offshore drilling highlights: Top paid rigs in 2H 2023

After pouring over the available day rate information within fleet status reports from three offshore drilling giants – Transocean, Noble

Offshore Drilling Outlook to 2035

15% lower than they were in 2017. With peak floater retirement in 2017 (31 rigs) and an additional 20 rigs retired in 2018, floater day rates increased by 25% in 2018, accompanied by an increase

Petrodata Rigs

For companies working in or evaluating the ofshore drilling industry, Petrodata Rigs is a tool that delivers the most trusted data and market intelligence on the global ofshore drilling rig fleet,

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

Day Rates and Lifelines of Offshore Drilling Companies

Day rate refers to the daily rental fee charged to oil drilling companies, but this rate includes only the rig and labor costs—not the other

2024 offshore drilling outlook: Westwood''s top three predictions

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels,

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

RigLogix Offshore Rig Data | Westwood Global

We are the leading source of commercial offshore rig data and intelligence, trusted by E&P and supply chain companies. Request your demo now.

Report: Rig dayrates on the rise in Southeast Asia | Offshore

Bruce Beaubouef * Managing Editor Dayrates for all types of rigs in Southeast Asia are witnessing robust growth, demonstrating an increase in demand and tightening supply,

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,

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

Recent global rig deals push Noble''s backlog to $5 billion as

As operators are hiring rigs well ahead of their drilling campaigns and handing out long-term contracts, rig demand is skyrocketing, causing constraints in supply, while day rates

Petrodata Rigs

For companies working in or evaluating the offshore drilling industry, Petrodata Rigs is a tool that delivers the most trusted data and market intelligence on the global offshore drilling rig fleet,