About Idled drilling rigs vs
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 unlikely to return to work?.
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 unlikely to return to work?.
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 unlikely to return to work? With the floater market showing signs of weakness and contract.
The American energy landscape is undergoing a significant transformation as shale drillers idle their rigs at an unprecedented rate. Recent data from Baker Hughes Co. reveals a concerning trend: US oil rigs fell by 9 to 480 in April 2025, marking the largest weekly decline since June 2023. This.
As of this writing on August 15, the DrillingInfo Daily Rig Count has now dropped by 201 rigs since its most recent peak last November 8. That's a 17% decline, something the industry hasn't experienced in so few months since 2015. The question now becomes whether or not oil and gas producers need.
The answer lies in drilling rigs—massive machines designed for precision, power, and endurance. But what makes one rig better for an offshore project and another ideal for land drilling? What factors should you consider when choosing the right rig for your job? It’s not just about drilling deep.
When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes. Anthony Beebe, senior vice president of project management and engineering at.
According to a July 7 report by the Associated Press, the number could be much higher: “More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades. No one — not industry, not government — is checking to.
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