Offshore drilling activity stayed in focus after a quarterly net loss alongside full-year results A rig fleet expansion was completed through a Noble Corporation transaction Valuation narratives ...

Offshore drilling contractors are expecting India’s Oil & Natural Gas Corporation (ONGC) to soon resume its efforts to hire more shallow-water rigs following unsuccessful efforts earlier this year.

Borr Drilling (NYSE:BORR) expects nearly a third of the global fleet of shallow-water rigs will be retired in the coming years, leading to higher daily leasing rates, CEO Patrick Schorn said Thursday.

The chief executive of a leading global offshore drilling company is certain that the shallow-water drilling sector will be building new rigs again in the future. No new jack-up drilling rigs have ...