Operators consider novel rig deals to limit day rates

(OM) Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group subsidiary RigLogix. Day rates for jackups, semisubmersibles and drillships averaged $118,000, $368,000 and $419,000, respectively, 54% up on the figures for 2021. However, the inflationary prices, caused by a combination of higher global rig demand, rising rig use... Continue Reading →

Halliburton beats quarterly profit estimates on growing international strength

(Reuters) - Halliburton (HAL.N), opens new tab beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America. Oil and gas producers are looking to secure new international and offshore inventories, boosting oilfield equipment and services demand and helping companies like Halliburton. International rig... Continue Reading →

This ‘spider’ crane enables an offshore wind turbine to virtually build itself

(Electrek) Norway’s WindSpider has designed a lightweight crane system that builds offshore wind turbines virtually on its own once the tower is up. The Norwegian startup is being taken very seriously – it’s part of the Energy Transition Norway cluster, and it’s been backed by German global energy company RWE since December 2022. WindSpider announced a deal in early March with... Continue Reading →

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