After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American ...

Offshore drilling company expands fleet capabilities across complex deepwater projects globally; Brokerage coverage reflects mixed sentiment across offshore energy ser ...

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

CIMC Raffles to convert Saipem’s semi-submersible rig Scarabeo 5 into an FPU for Eni venture Chinese yard CIMC Raffles has won a contract from Italian major Saipem to convert its semi-submersible ...

Offshore drilling remains resilient this year with strong activity in Latin America, Southeast Asia and other hotspots, but the sector has less appetite for building new drilling rigs after learning ...

Three specialized ships were visible off the New Jersey coast Monday morning as the massive offshore wind farm prepares for its next construction phase. SANDY HOOK, NJ – A trio of large offshore ...

One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024, but by 3Q 2025 21 units had been re-deployed into other regions of the world. Fast ...

DENVER/OSLO (Reuters) - The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely ...