Kuala Lumpur: Malaysia’s UMW Oil & Gas has inked a $20m rig contract with Frontier Oil Corp, which will use the former's UMW Naga 7 jack-up rig for its drilling operations in Calauit field, the ...

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

Singapore shipyard group Seatrium has secured a tender from Saudi shipyard International Maritime Industries (IMI) to supply ...

Aramco cancelled multiple offshore rig contracts last year, leading to a decline in jack-up day rates and prompting domestic drilling giants to explore contracting opportunities in the international m ...

The move is expected to bolster Indian shipyards' capabilities in manufacturing advanced offshore rigs. Offshore drilling rigs have not been built in India since 1990, when two jack-up rigs and ...

Public sector giant plans to invest between $3 billion and $4 billion during ongoing financial year, mostly on offshore ...

The difference is that Valaris operates a larger fleet of 53 rigs, which include drillships, jack-up rigs, and semi-submersible platform drilling rigs. Jack-up rigs, also known as mobile offshore ...

International Maritime Industries (IMI), a maritime construction and repair company and the largest maritime facility in the ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of ...

PETALING JAYA: Icon Offshore Bhd is proposing to dispose of Perisai Pacific 101, a jack-up drilling rig, for US$85mil (RM381.65mil). In a filing with Bursa Malaysia, the company said Icon Caren (L ...