This week's offshore rig review looks at the trends and changes in the number of rigs that are cold stacked around the world. This week, worldwide offshore rig utilization held steady at 83%, as 543 ...

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main ...

The Oslo-listed rig contractor already intends to scrap one semi-submersible rig, Borgny Dolphin, in the fourth quarter and has two more units laid up out of its remaining fleet of eight drilling rigs ...

Chinese financial institution ICBC Leasing will sell one of its two semi-submersible drilling rigs, the Pantanal, in an online auction 9 February. The deep-water rig has been cold-stacked at the jetty ...

SINGAPORE, Dec 2 (Reuters) - Offshore drillers globally are increasingly considering "warm stacking" their rigs to take them temporarily off the market, as they gear up for a slowdown in the hunt for ...

Simon Johnson, President and CEO, highlighted customer recognition of Seadrill’s operational excellence, noting, "The Sonangol Quenguela was awarded 2024 Rig of the Year by TotalEnergies, and the West ...

Invictus Energy Ltd. extended a contract to Exalo Drilling for the Cabora Bassa Project in Zimbabwe. Exalo Rig 202 will be extended for 2 years to drill and test future wells. Invictus Energy Ltd.