Offshore drilling rig day rates with automatic

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers remaining disciplined about rig reactivation; a lack of newbuilds; and natural rig attrition.
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Rigs report: drillers bullish as day rates and

As OSJ has reported, day rates for deepwater rigs have improved significantly, with a tightening offshore market improving contract terms and

Offshore vessel day rates slip as market softens

Average day rates for high-spec offshore drilling rigs and OSVs slipped in the first half from the record levels seen 12 months ago, but are still tracking well above long-term

IADC Offshore Regional Forum

6th Gen HE SS - $484,000 Short term work likely to achieve higher day rates Operators are now more likely to pay for other costs (mobilizations, reactivations) Rate increases will trickle down

Recent global rig deals push Noble''s backlog to $5 billion as

As operators are hiring rigs well ahead of their drilling campaigns and handing out long-term contracts, rig demand is skyrocketing, causing constraints in supply, while day rates

Westwood Insight – As dayrates continue north, could we see

The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average US$118,000, $368,000 and $419,000,

S&P Global Commodity Insights

Petrodata Rigs by S&P Global provides unrivalled industry-leading data on the global offshore drilling rig market and gives answers to key rig market questions, such as availability, day

Rising day rates, utilisation drive rosier outlook for OSVs

Rising demand for offshore drilling rigs and OSVs is putting upward pressure on day rates and utilisation, providing a fundamentally stronger outlook for the sector.

Rig Dayrates Have Risen, So Where are the New rig Orders?

We believe as many as ten are being marketed for drilling programs while a few will likely be scrapped. Between the stranded newbuilds and cold stacked units, rig owners have access to

Offshore Drilling Rates Approaching $500,000 Per Day Mark

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels, leading to a 40% increase in rates over

Offshore rig operators'' profits to rise 30-35% in FY26 on higher day

New Delhi: Indian offshore rig operators are expected to see their operating profits surge by 30-35% in the next fiscal, after registering a 25-30% growth this fiscal, driven by

Offshore Drilling Rates Approaching $500,000 Per

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels,

Operators consider novel rig deals to limit day rates

Offshore staff LONDON — Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group

Petrodata Weekly Rig Count | S&P Global

The information provided and much more data on the offshore rig fleet can be sourced via the S&P Global proprietary offshore rigs information products,

Westwood Insight – As dayrates continue north, could

The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average US$118,000,

Rising day rates, utilisation drive rosier outlook for OSVs

Rising demand for offshore drilling rigs and OSVs is putting upward pressure on day rates and utilisation, providing a fundamentally

Report: Asia-Pacific rig rates, demand rising

Borr Drilling''s Saga recently secured a four-year deal at a rate reportedly just under $105,000 per day, while the same operator has taken the

Petrodata Rigs

For companies working in or evaluating the offshore drilling industry, Petrodata Rigs is a tool that delivers the most trusted data and market intelligence on the global offshore drilling rig fleet,

Report: Rig dayrates on the rise in Southeast Asia | Offshore

Dayrates for all types of rigs in Southeast Asia are witnessing robust growth, according to Evercore ISI''s latest Offshore Oracle report.

Report: ''Big 3 offshore drillers'' reporting increasing day rates

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers remaining disciplined about rig

Offshore drilling highlights: Top paid rigs in 2H 2023

After pouring over the available day rate information within fleet status reports from three offshore drilling giants – Transocean, Noble

Clarksons Research: Offshore oil and gas vessel

Offshore oil and gas markets continued to strengthen in 2023, with the Clarksons Offshore Index rising by a further 27% to a multi-year high of

Global Land Drilling Rigs Tracker

Each month Westwood''s onshore team provides a global update on land drilling rig supply, with data sourced from and analysed using Westwood''s Global Land Rig tool.

Gloomy offshore rig market pins hopes on 2026 rebound

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026

Petrodata Rigs

For companies working in or evaluating the ofshore drilling industry, Petrodata Rigs is a tool that delivers the most trusted data and market intelligence on the global ofshore drilling rig fleet,

Global Onshore Drilling Rig Rates: Q1 2025 Regional

Executive Summary As the global onshore drilling market enters 2025, distinct regional variations are emerging, driven by factors such as

Global Onshore Drilling Rig Rates: Q1 2025 Regional Market

Executive Summary As the global onshore drilling market enters 2025, distinct regional variations are emerging, driven by factors such as energy security concerns,

Global Land Drilling Rig Dayrate White Paper

One of the most significant costs on any onshore oilfield is the cost of hiring a rig to drill the well and, as a result, there is a need for land rig

Global Offshore Drilling Rig Dayrate Forecast

It comes complete with a comprehensive dayrate forecast table, categorised by the eight main rig categories for jackups, semisubmersibles

Offshore rig demand surges, yet new orders remain

By Angel Gutierrez, S&P Global Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms;

Indian rig rates, Day rates, offshore rigs, Rig movement, Contracts

The rig movement database compiles information on rigs active in India, both inland and offshore helps E & P operators rig movement, availability and day rates.Rig owners and

2024 offshore drilling outlook: Westwood''s top three

The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day

Drillship bonanza: utilisation to hit 97% in 2025

At Offshore Support Journal Conference, Americas in June, Ms Edralin put average leading edge day rates at US$470,000, and marketed

2024 offshore drilling outlook: Westwood''s top three

Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for the year ahead,

Report: ''Big 3 offshore drillers'' reporting increasing

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers

Westwood Insight – Offshore drilling upcycle continues, but 2025

3. Leading-edge dayrates will decline 2024 brought some additional clean (that is, excluding additional items such as MPD or integrated services) floating rig rates above

Indian rig rates, Day rates, offshore rigs, Rig

The rig movement database compiles information on rigs active in India, both inland and offshore helps E & P operators rig movement, availability and day

Global Land Drilling Rig Dayrate White Paper

One of the most significant costs on any onshore oilfield is the cost of hiring a rig to drill the well and, as a result, there is a need for land rig operators, as well as oil & gas

Offshore drillers see tightening rig market, increasing day rates

In shallower waters, jackup rig demand continues to "steadily increase," and the contracted jackup count now at its highest level since mid-2015, he said. As a result, active jackup utilization is

How Much Does a Drilling Rig Cost in 2025? (New,

The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs. Land rig rentals

Day Rate in Oil Drilling: Definition, Calculation, and

The day rate in oil drilling refers to the total daily cost of renting a drilling rig, including personnel and incidentals. It''s calculated by dividing the

Offshore Drilling Outlook to 2035

Operators have not increased their ofshore exploration capex, maintaining low activity levels. Marketed utilization has been reduced to ~62-69% for ofshore rigs with an increasingly large

About Offshore drilling rig day rates with automatic

About Offshore drilling rig day rates with automatic

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers remaining disciplined about rig reactivation; a lack of newbuilds; and natural rig attrition.

Day rates for both floaters and jackups are on the rise, Evercore said. The primary drivers of higher rig day rates are tight rig supply; drillers remaining disciplined about rig reactivation; a lack of newbuilds; and natural rig attrition.

Westwood’s Global Offshore Drilling Rig Dayrate Forecast 2024-2028 report provides detailed insight on historical offshore drilling rig dayrate trends, a breakdown of regional dayrate performance and predictions on pricing for the next five years. It comes complete with a comprehensive dayrate.

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels, leading to a 40% increase in rates over the past year, according to a recent report from Wood Mackenzie, a leading energy research and consultancy firm. The.

As OSJ has reported, day rates for deepwater rigs have improved significantly, with a tightening offshore market improving contract terms and the overall dynamics increasing expectations that rates for some ultra-deepwater rigs could breach the US$500,000 mark in the coming months In its Q2.

Much has been written in recent months about the increase in offshore rig utilization and dayrates. With some key segments of the fleet at 95% utilization or higher, dayrates for recent fixtures for non-harsh environment jackups have surpassed $150,000, while floating rigs have been secured for.

The day rate in oil drilling refers to the total daily cost of renting a drilling rig, including personnel and incidentals. It’s calculated by dividing the total contract value by the number of days in the contract. Day rates are a key metric for investors, indicating industry health and.

The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day rates and fleet utilization in 2023. Will this trend continue in 2024? Westwood Global Energy, an energy market research and consultancy firm, has outlined.

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