When the Usumacinta jack-up rig slammed into the Kab-101 Christmas tree, a mist of gas began pouring into the storm-whipped air, and the crew quickly realized the danger was escalating beyond control.

The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book ...

The international jack-up drilling heavyweights Shelf Drilling and Borr Drilling are seeing an improvement in market conditions and are looking optimistically at full fleet utilisation in 2022. Both ...

Valaris has signed new bareboat charter agreements under its Saudi Arabian joint venture with Saudi Aramco — ARO Drilling — for multiple jack-up rigs. ARO Drilling has also signed contracts with ...

The latest announcement is out from Maharashtra Seamless Limited ( ($IN:MAHSEAMLES) ). Maharashtra Seamless Limited has announced that its jack-up ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 ...

SINGAPORE, Jan 27 (Reuters) - Keppel Corp , the world's largest oil rig builder, said on Thursday it has secured a contract worth about $416 million to build two harsh environment jack-up rigs from ...

HONG KONG, March 25 (Reuters) - China Rongsheng Heavy Industries Group Holdings Ltd won its first orders to build two jack-up rigs worth more than $360 million in Singapore as it makes further inroads ...