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    • IHS Markit


    COMPANY OVERVIEW

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    Articles & News

    Courtesy IHS Markit
    2210 Offow Vess T 1
    Renewable Energy

    Supply chain under pressure from rapidly expanding wind market

    Oct. 3, 2022
    There are question marks over the longevity of older, less capable vessels in a market where foundation sizes and weights are rapidly increasing.
    Photo by Kamchai Charoenpongchai/Courtesy Dreamstime
    Tugboat sails past drill ships near the DSME shipyard in Okpo city, South Korea.
    Vessels

    Rig construction market still faces prolonged downturn

    Oct. 1, 2021
    Pandemic, lower demand, oversupply continue to afflict market.
    Courtesy Dominion Energy
    The Charybdis is expected to be the first Jones Act-qualified offshore wind turbine installation vessel in the US.
    Renewable Energy

    Offshore wind installation vessel market booming

    Aug. 1, 2021
    Larger turbine sizes prompting need for newbuilds.
    (Photo by Tobias Erevik, No. 38761480, Dreamstime)
    The semisubmersible rig COSL Pioneer during a maintenance stay in Gandsfjorden, Stavanger Norway.
    Drilling & Completion

    COSL takes over as largest offshore rig manager

    April 1, 2021
    China, Abu Dhabi state firms increase their fleets.
    (Source: RigPoint by IHS Markit)
    Worldwide offshore rig count and utilization rate August 2018 – July 2020
    Drilling & Completion

    Worldwide offshore rig count and utilization rate

    Sept. 1, 2020
    The total number of jackups, semis, and drillships under contract has plummeted by 46 units from 487 in March to 440 through July.
    (Courtesy Nomisg/Dreamstime.com)
    Offshore oil rigs under construction at the DSME shipyard in Okpo, South Korea.
    Drilling & Completion

    Rig construction market suffers repeated blows

    July 1, 2020
    The building of new rigs was already in a difficult spot considering that the market is still oversupplied, and the situation has only been hampered further by the oil price collapse...
    2007 Of Fdata P01
    Drilling & Completion

    Worldwide offshore rig count and utilization rate

    July 1, 2020
    The double whammy of oil price instability and the spreading COVID-19 pandemic has taken its toll on the market, reversing most of the modest upward trends that had been made ...

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