This week's offshore rig review looks at the trends and changes in the number of rigs that are cold stacked around the world. This week, worldwide offshore rig utilization held steady at 83%, as 543 ...

SAN FRANCISCO (MarketWatch) -- Todco said after the closing bell on Tuesday that it plans to reactivate three cold-stacked drilling rigs against term contracts from three independent oil and gas ...

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are ...

Noble Corporation has struck a deal to sell two rigs that it cold-stacked earlier this year, the offshore driller said on Tuesday. Though it did not confirm details of the deal or the buyer, Noble ...

HOUSTON, July 6 /PRNewswire-FirstCall/ -- TODCO (NYSE: THE) today announced the reactivation of a cold-stacked drilling rig. THE 153, a 150 foot mat cantilever jackup ...

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.

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy — including some strange sources being explored — is still a long way away.

VAL is well-positioned to capitalize on the multi-year upcycle due to its fleet size and portfolio approach to contracting. The company's strong balance sheet and undervalued stock price drive my ...