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The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

Noble Corporation''s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that

Hundreds of oil leases in the Gulf of Mexico sit idle.

A Devon-Pennzenergy drilling rig In the Gulf of Mexico. (Getty Images) Despite President Donald Trump''s calls to " drill, baby, drill," many oil

U.S. Oil / Gas Rig Count In Biggest Monthly Rise

A keenly followed report by Baker Hughes points to a steadily rising number of oil and gas rigs stateside - a harbinger of improved future

Shale Drillers Idle US Rigs at Fastest Pace in Almost Two

Drilling in the US shale patch declined at the fastest pace in almost two years as mounting international trade tensions threaten to stifle energy demand.

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.

Smart Stacking and the Difference Between Cold and

What''s the difference between warm stacked, and cold stacked drilling rigs? Apart from the obvious differences highlighted by the previous

More US rigs idled as offshore drilling markets soften

Land operations had the biggest loss in the US, down 23 rigs to 899 active this week. Inland waters activity declined by 1 rig to 5 working. Offshore drilling increased,

Funding economic change with fracking revenues | Brookings

This time the pain involves idled drilling rigs, worker layoffs, and gaping budget holes. Isn''t there a better way? There is, as we argue in a new paper released last week.

U.S. offshore rig count in idle mode for two weeks in a

The number of offshore rigs in the U.S. stayed flat at 18 units for two consecutive weeks, according to Baker Hughes'' weekly rig count report

Rig Stacking

Rig Stacking for Oil and Gas: Streamlining Operations with Onesource Introduction In the ever-evolving world of oil and gas drilling, efficient rig management is crucial to ensure cost

Idle drilling rigs present quandary for scrap market

Idle rigs, along with a further 27 semi-submersible rigs and 68 jack-up rigs that have been cold-stacked, are grounded during lay-up and their systems need to be reactivated for refloating to

The Future of Long-Idle Drillships: Cold-Stacked or

Noble Corporation''s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship

Hundreds of oil leases in the Gulf of Mexico sit idle. Why is Trump

A Devon-Pennzenergy drilling rig In the Gulf of Mexico. (Getty Images) Despite President Donald Trump''s calls to " drill, baby, drill," many oil companies operating in the Gulf

Idled Drilling Rigs in Tyler, Texas

Most people I speak with in Tyler and the surrounding area have been directly or indirectly impacted by the drastic decline in drilling activity. In

Idle Drilling Rigs Actually Require a Lot of Work

It turns out that owning an out-of-work drilling rig is actually a lot of work. A pair of presentations from offshore rig contractors shared at this week''s Offshore Technology

Bringing idle offshore rigs back to life a growing opportunity

Reactivating offshore drilling rigs that have been idle for long periods is a growing opportunity despite the high number of rigs that are already in shipyards being reactivated,

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.

Deep-water drilling giants set high bar for returning

Offshore drilling giants Transocean, Noble and Valaris are ready to reactivate their hibernating deep-water drilling rigs as soon as the right

Helmerich & Payne Readying Long-Idled Rigs on Rising E&P

Helmerich & Payne is preparing to reactivate long-idled rigs to meet the rising demand in the exploration and production market. CEO John Lindsay discusses fiscal results

Ending the zero-sum game in offshore drilling

Major established drillers and financial owners of speculatively built rigs would need a catalyst to make hard choices to retire assets as part of

Our Drilling Rigs | Transocean Fleet

We are constantly high-grading our fleet to ensure that our rigs are equipped to handle even the most challenging projects. It''s that dedication to performance and innovation that keeps our

SinoOcean to convert idle drilling rigs for offshore wind turbine

SinoOcean, the idle offshore assets management platform set up by major Chinese state-run offshore builders, has entered into an agreement with Power Construction

Fewer Rigs, Bigger Payoff: US Oil Production

Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing

Norwegian driller secures provisional contact for idle

4 days ago· Norwegian offshore driller Dolphin has secured a provisional contract for a deepwater semi-submersible rig that has been idle for some time. The

US rigs are being idled, but the oil boom is not ending

While companies have idled 151 rigs in five shale formations since reaching a peak of 1,157 in October, they''ll need to park another 200 for growth to stall, according to data from

U.S. Oil Drillers Are Idling Rigs

Drilling in the Permian Basin in West Texas has held steady, but rigs are being idled elsewhere. (Sergio Flores/Bloomberg News) The number of rigs drilling for crude dropped

U.S. Oil Industry Has Idled 201 Rigs in 10 Months

The question now becomes whether or not oil and gas producers need to idle even more rigs going forward in order to help keep prices propped

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