About 10 days before the H&P conference call this week, we wrote a report about something new the land contract driller is doing in the field – an onshore drilling first. In that report on these so called “piggy-back rigs,” we suggested H&P management might introduce and talk extensively about this …
Read More »The Turning Tide Offshore Is Lifting Harsh Environment Rigs First [Friday Guest Post]
The offshore drilling market is starting a comeback after the worst downturn in a generation (if not the worst ever). While dayrates are still barely keeping the contractors afloat, tender activity and utilization appear to be headed out of a trough. Bright spots in a few areas appear to be …
Read More »Starting To Stand Up From The Table In The Deepwater Game Of Convict Poker?
It’s not the full house cleaning analysts want to see, but the offshore drilling industry took a positive step towards healing today. More retirements is something one of our guest contributors, Ron Davis, called for in an analysis piece this summer. More retirements is what we got today… There’s …
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