The sale includes the Topaz Driller jackup rig, operating in the Malaysia-Thailand Joint Development Area, and the Soehanah jackup rig, owned by Rig Finance Ltd. (RFL), which operates in Indonesia.

We still hold the view that top tier drillers like PDS are undervalued relative to their earnings potential and are now selling at a discount. The rig count is unlikely to rise significantly from the ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

Rig contractor Borr Drilling has lined up a buyer to acquire its newbuild jack-up rig Gyme for a price of $120 million. The Gyme, a newbuild 2018 PPL Pacific Class 400 jack-up, has not been activated ...