Valaris unveils several deals and contract extensions for its jackup rig fleet totaling ~$125M, with plans to dispose of four ...

Aramco cancelled multiple offshore rig contracts last year, leading to a decline in jack-up day rates and prompting domestic ...

UK supermajor BP is in the market for a jack-up drilling rig for its Tangguh UCC project in Indonesia, which is the next ...

Offshore drilling company Valaris has decided to retire three semi-submersible drilling rigs from its fleet as part of its ...

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an ...

a jack-up offshore drilling rig, according to IMI's release. The signing ceremony took place at the iktva Forum & Exhibition held at the Dhahran Expo from January 13-16, 2025. This project represents ...

An electrically- driven jacking ... the rigs. These reduced housing needs will streamline the platform's profile as viewed from shore, and improve the economic viability of offshore oil production.

The added rigs are evenly split, one oil-targeted, and one gas-targeted, bringing the respective totals to 481 and 101 rigs ...

gas rigs down 20 and miscellaneous up 3. The U.S. Offshore Rig Count is unchanged at 14, down 5 year-over-year. The Canada Rig Count is down 4 from last week to 245, with oil rigs down 3 to 174 ...

The rig count in the Permian Basin was up one this week, the latest count Friday by Baker Hughes shows, with 304 rigs active in the region. A year ago, 312 rigs were active in the region.