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Speculative newbuild drilling rigs

Building crisis: Yards left with ''$15 billion losses'' on stranded

Asian shipyards are facing estimated losses of more than $15 billion on stranded newbuild rigs ordered on speculation as asset values have plunged and construction contracts

Maersk Acquires New Jackup from Hercules Offshore

Maersk Drilling has reached agreement with a subsidiary of financially troubled Hercules Offshore for the acquisition of the high-spec

Odfjell chief sees ''deep rig speculation'' | Upstream Online

The boss of Odfjell Drilling expects to see speculative newbuild orders from rig players in the deep-water segment as competition heats up, with the company eye

Contractors ordering offshore rigs on speculation

Contractors ordering offshore rigs on speculation OFFSHORE DRILLING CONTRAC-TORS took delivery of ten offshore drilling rigs during 2001. During the same time nine additional rigs were

Reviewing newbuild drill rig strategies

During newbuild cycles, speculation is the dominant strategy, and since newbuild cycles are the primary source of fleet expansion, speculative

New Seatrium rig joins Dubai-based Borr Drilling''s

Dubai-based Borr Drilling continues to make strides in expanding its presence in the global offshore drilling market, having secured a cutting

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

Post-downturn offshore upcycle shows stability heading into next

2024 Features Global and Regional Markets November/December The Offshore Frontier Post-downturn offshore upcycle shows stability heading into next year Growth in

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

Land Drilling Rigs | High-Tech Oil Rig Systems | NOV

Our land drilling rig systems give you an edge in today''s most challenging drilling environments. Learn more about our high-tech drilling rig systems.

More newbuild rigs find homes in an increasingly

Many of the newbuilds are uncontracted, as most were originally speculative orders or were later cancelled by drilling contractors. However,

Buyers take aim at trio of stranded newbuild drillships and

Buyer interest is sky high in a batch of state-of-the-art newbuild deep-water drilling rigs that could capitalise on the rapidly improving offshore drilling market.

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

Most interesting deal of the year award? Noble scores big in newbuild

Noble''s acquisition will end up reducing the value differential between mid-spec newbuild jackups and higher-spec newbuild jackups. But this differential will become narrower

Borr Drilling Fleet | Modern and Youngest Fleet in the

Discover Borr Drilling''s fleet, showcasing our global presence with advanced jackup rigs designed for safety and efficiency in diverse markets.

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.

ModuSpec to Help Reactivate Stranded Newbuild

Offshore drilling rig service and inspection firm ModuSpec has won a contract to support the intake of a stranded new-build jack-up drilling rig.

Offshore rig demand surges, yet new orders remain

By Angel Gutierrez, S&P Global Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms;

Constellation Secures $1B Deal with Petrobras for

Offshore drilling contractor Constellation has secured two new contracts with Petrobras, worth $1 billion, for the deployment of two ultra

Newbuild jack-up rig leaves UAE yard and sets sail to

UAE-based offshore fabrication contractor Lamprell has completed the construction and delivery of a second of 20 planned newbuild offshore jack

Valaris Takes Delivery of Newbuild Drillships VALARIS DS-13

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") announced today that it has exercised its options and taken delivery of newbuild drillships VALARIS DS-13 and DS-14

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

2025 drilling rig cost trends, comparing new vs. used options and exploring buy, rent, or hire choices. Learn about cost factors and make...

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

Offshore drilling booms as companies explore new

Offshore drilling booms as companies explore new frontiers The biggest beasts of the sea are not whales or giant sharks but massive, sky-scraping drilling rigs

CJ70 Jack-up | NOV

The CJ70 is a three-legged cantilever type jack-up drilling rig that is part of the well-established GustoMSC CJ series. The series consists of seven distinct types for moderate and harsh

Most interesting deal of the year award? Noble scores big in

As the first established rig owner to buy a newbuild jackup in over three years, Noble proves that there''s a market for the CJ46s in the Middle East, and these rigs – as the

Building crisis: Yards left with ''$15 billion losses'' on

Asian shipyards are facing estimated losses of more than $15 billion on stranded newbuild rigs ordered on speculation as asset values have

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