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COVID-19 impacts drilling backlog and awards
The COVID-19 pandemic has impacted more than 18 years of backlog in March & April 2020.
Jackups 2019: Growing demand, renewing fleet
Jackup utilisation grew strong in 2019. With a 12% higher annual backlog, 2020 is starting positive.
2019: Stronger & more dynamic drillship demand
Though rising demand in 2019 drove drillship utilisation by 10%, 2020 is starting with a weaker backlog.
2019: Demand for semisubs grows weaker
Semisub market dropped slightly in 2019, driven by drop in demand and supply additions.
Saipem-Subsea 7: A potential offshore giant
Earlier this month, a potential Subsea 7-Saipem merger made the news. We take a deeper look at their fleet and client portfolio.
Offshore wind: installation time per MW drops
Almost 550 wind turbines will be installed offshore Europe in 2019, 50% more than 2018. Installation time per MW is dropping.
Signs of recovery in the semisub market?
Semisubs H1 2019 global marketed utilisation kept lower than H1 2018. However, H2 2019 might look different.
Rig demand jacking up utilisation rates
Jackups marketed utilisation grew by 5 percentage points during H1 2019, crossing the 70% mark due to rising demand globally.
Will exploration keep drillships busy?
Global marketed utilization crossed 75% in Q2 2019, for the first time in 3 years.