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Are North Sea Jack-Ups Set for Flat 2024?

Feb 21, 2024

Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017, except for a blip in 2020 when the pandemic kicked in. However, booming demand isn’t the main driver behind this but instead a shrinking fleet…

Report: Offshore Oil Worker Kills Colleague on a Rig in Qatar

Dec 15, 2022

A British offshore oil worker in Qatar murdered a coworker on an offshore oil rig, hid the body, and tried to kill another coworker on Monday, the British media reported.The Mirror initially reported that all three workers are from Scotland and employees of Stapem Offshore…

Current News

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Shelf Drilling to Consolidate Jack-Up Fleet and Resolve Funding Gaps via Triangular Merger

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Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

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