Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...
According to a recent Wood Mackenzie report, floating rig utilization has rebounded to levels last seen before the COVID-19 pandemic, with rates experiencing a 40% surge over the past year. According ...
The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa, and renewed ...
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