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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…

Three Dead in Chevron's Angolan Oil Patform Fire

May 28, 2025

A second person died from their injuries in hospital following a fire at a Chevron-operated oil platform offshore Angola, bringing the number of fatalities to three, government and company officials said late on Tuesday.Two workers were initially…

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

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Wood JV Gets EPC Job for Shell off Brunei

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