News

Drilling rig newbuild drought could end as enquiries emerge - Upstream Online

Upstream Online · last updated

Drilling rig newbuild drought could end as enquiries emerge | Upstream Online

The red-hot global drilling market has finally whetted the appetite of rig owners and operators for newbuild units with yards now receiving enquiries for potential construction jobs.

After a series of well-publicised rig cancellations in recent years that saw completed and under-construction drillships, semi-submersibles and jack-ups stranded in Asian fabrication yards — sometimes leading to court disputes between the client and the contractor — the buoyant offshore drilling market means prospective customers are once again in the market for newbuilds.

View full article

Related Knowledge Center: Climate: water resources

State of Play

Extreme weather and prolonged drought in some regions are affecting electricity generation — notably hydroelectric and nuclear power.

More information

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up