When the Usumacinta jack-up rig slammed into the Kab-101 Christmas tree, a mist of gas began pouring into the storm-whipped air, and the crew quickly realized the danger was escalating beyond control.

International Maritime Industries (IMI) signed a landmark agreement with ARO Drilling Co. for the construction of a new offshore jack-up rig, KINGDOM ...

The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book ...

Bermuda-headquartered Borr Drilling has agreed to sell a newbuild premium jack-up rigs under construction at Keppel Fels (Keppel Offshore & Marine) in Singapore to a mystery buyer for US$320 million.

Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, marking significant fleet updates. In South East Asia, the Thor rig received a binding letter of award from ...

Varada-HVR Drilling is a marriage of two drilling start-ups presently with five jack-up rigs being built in India and China for delivery by December 2014. The combined fleet size will have a value of ...

5 days Saudi Arabia Poised to Cut Oil Prices for Asia Amid OPEC+ Output Rise 5 days Oil Prices Fall for a Third Straight Month as OPEC+ Considers Boosting Output ADNOC Drilling has been awarded a ...

OSLO, Dec 4 (Reuters) - Norwegian oil services firm Seadrill said on Monday it has won an $82 million preliminary contract for a new jack-up rig from Exxon Mobil and Production Malaysia Inc. The ...

PPL Shipyard, a subsidiary of SembCorp Marine, has been awarded a contract by Offshore Group Corp to build a Baker Marine Pacific Class 375 (BMC Pacific 375) Deep Drilling Offshore Jack-up Rig at a ...

Maritime Industrial Services Co. Ltd. Inc. Maritime Industrial Services held the official steel cutting ceremony October 25th, for the construction start of MIS' third "new build" jack up drilling rig ...