Eleven months after starting the fabrication of its first tender assisted drilling rig, the KM-1, Kencana Petroleum through its wholly-owned subsidiary, Kencana HL Sdn Bhd TODAY launched the ...

Singapore’s tender assist drilling rig specialist Energy Drilling has chartered a semi-submersible rig from Chinese government-owned rig manager SinoOcean Offshore Engineering Assets Management.

The ‘MTR-3’ and ‘MTR-4’ will be state-of-the-art performance class tender assist drilling rigs incorporating the latest modern design features, and will be the most advanced tender rigs in ...

Drilling industry is feeling the squeeze as shifting market dynamics challenge even the most seasoned players. Despite their vital role in energy development, the industry faces headwinds from ...

Statoil is sending out an invitation to tender for a new type of drilling rig. It is specially-designed by the industry on behalf of Statoil for use on mature fields on the Norwegian continental ...

An unusually high number of rigs are competing for a Det Norske Oljeselskap ASA drilling contract in the ... and I’ve never seen a tender with 13 rigs competing for the job,” Det Norske ...

I revisit my series on rig supply fundamentals and add data on tender and semi-tender rigs. Oversupply is significant. The stock market will likely demand tangible evidence of offshore drilling ...