Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.

The global offshore oil & gas rig market is expected to grow at a steady CAGR of 5.69% in the forecast period to reach USD22522.64 million by 2027 ...

Present capacity is slated to entail the construction of four offshore rigs, around 40 offshore vessels (including three VLCCs) and service of 260 maritime products per year.

Offshore-Oil-Rig-Use News: U.S. Coast Guard Saves Three Boaters Stranded On Offshore Oil Platform, Keppel Offshore & Marine, Sembcorp Marine Working On Merger, Thursday, July 25, 2024.

Shares of Sembcorp Marine fell 2.5 percent to an intra-day low of S$3.96, their lowest since March 21, after the offshore drilling rig builder posted a 3.1 percent increase in first-quarter net ...

It’s like a cruise ship except you’re not going anywhere,” one worker said about life on an oil rig. IE 11 is not supported. For an optimal experience visit our site on another browser.

Diamond Offshore’s removed almost $2 billion of debt from its Chapter 11 restructuring. See why I say Diamond Offshore stock is not a good pick for investors.

Singapore’s Temasek Holdings made a $2.9 billion offer for majority control of Keppel, and the sovereign-wealth fund plans to merge the shipyard with rival Sembcorp Marine in response to ...

Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.