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 ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

ADNOC Drilling has been awarded a $1.15 billion, 15-year contract by ADNOC Offshore to operate two of its newest and most advanced jack-up rigs, extending the company's offshore drilling operations ...

Indonesia’s national energy company Pertamina has secured the jack-up rig CPOE 16 from Chinese offshore drilling contractor CNPC Petroleum Offshore Engineering (CPOE) on a four-year firm contract ...

Borr Drilling said it believes additional consolidation is needed in the shallow-water drilling segment and that more older rigs need to be retired. The New York-listed company operates only in the ...