The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Two brand new jack-up rigs are set to join the fleet of Adnoc Drilling, a subsidiary of state-owned giant Abu Dhabi National Oil Company, boosting its fleet to 142 rigs. High-specification jack-up ...

The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book ...

HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ("Borr Drilling" or the "Company") has entered into an agreement to acquire five premium jack-up rigs from Noble ...

North America added six rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on November 7. The total U.S. rig count increased by two week on week ...

Baker Hughes (BKR) reports that the U.S. rig count is up 7 from last week to 589 with oil rigs up 5 to 482, gas rigs up 2 to 102 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 37 ...