The premise of a jackup rig is that it is self-elevating; here, the legs are stationed on ocean floor and the drilling equipment is jacked up above the water's surface. Providing a very stable ...

Originally conceived as a bottom-supported drilling unit, semisubmersibles eventually found their true calling. Now, semisubs are the most stable of any floating rig, many times chosen for harsh ...

Brazilian drilling contractor Constellation Oil Services has been awarded a new contract with Petrobras to carry out ...

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026 recovery driven by tighter rig supply and rising offshore ...