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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

EnQuest to Acquire Harbour Energy's Vietnamese Assets

EnQuest to Acquire Harbour Energy's Vietnamese Assets

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

Petronas to Retain National Authority After Sarawak Gas Deal

Petronas to Retain National Authority After Sarawak Gas Deal

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Petronas Greenlights Hidayah Field Development Off Indonesia

Petronas Greenlights Hidayah Field Development Off Indonesia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

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