jackups
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Although the global total drilling rig supply is tightening as contractors sell off modern units for nondrilling purposes, day rates are expected to remain flat or dip in the near term, according to an analysis by Esgian. -
The contractor sells rigs and Qatar JV stake to Gulf Drilling International in $338 million deal.
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The heated global jackup rig market has day rates for premium units climbing higher.
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High demand for offshore services makes for robust charter rates.
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New Fortress Energy has installed the first of three jackup-based LNG units at the Altamira site.
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New Fortress Energy said its newly converted jackup facility has sailed for waters offshore Mexico where it plans to produce 1.4 mtpa of LNG.
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A flurry of activity has resulted in several long-term contract extensions.
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When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes.
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The merger of Ensco and Rowan creates a company with growing cash flow from the biggest fleet of jackup rigs, and growth potential as deepwater drilling comes back.
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The success of an upstream startup in the 1970s might offer lessons for those entering the oil and gas industry today.
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