Great Eastern Shipping Company intimates of acquisition of jack up rigs

Great Eastern Shipping Company announced that Greatship (India), a wholly owned-subsidiary of the Company, has...

Why deep-water oil rigs are coming back to work: Wood Mackenzie

The U.S. shale boom shaking the oil industry is changing the way deep-water oil exploration projects are carried out as producers move to scale down these mega-operations, a researcher said Thursday.

Oil Drillers Bring Back Rigs in Longest Streak Since 2014

U.S. oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014.

Mermaid Maritime delays China-built rigs and dive support vessel

Mermaid Maritime has deferred taking over two newbuild rigs and one dive support construction vessel (DSCV) from ...

Day rates for drilling rigs to fall further in 2016: ABN AMRO

Owners of offshore drilling rigs are set to see day rates fall further this year according to Jan-Jein Hesse from ABN AMRO Bank. ...

Ezion to help deploy two China-built service rigs

Singapore’s Ezion Holdings has clinched an agreement to jointly market two service rigs built by a Chinese state-owned enterprise to support the offshore windfarm, oil and gas activities in the energy sector. ...

Zhoushan Changhong takes in six Transocean rigs for demolition

China’s Zhoushan Changhong International Shipyard has taken in six 89,000 dwt semi-submersible drilling rigs from Swiss-based Transocean for demolition.