Overall marketed global offshore rig utilisation has remained at 87% for five consecutive months, indicating a levelling out of the supply and demand balance
As of mid-August 2026, global offshore rig utilisation is showing some signs of strengthening standing at 87%, according to Westwood Global Energy Group
Westwood analysis shows that the ongoing war risks delays to both award timing and contract commencement for a wide tranche of jackup tenders ordered by Middle East operators in late 2025 and early 2026
Could the recent US$5.8Bn acquisition of Valaris by Transocean kick off another round of rig-owner consolidation? Westwood Global Energy’s Americas research director, Cinnamon Edralin, examines the impact of the deal
Stranded gas represents untapped value and floating LNG and FSRUs offer the quickest way to monetise it. To capitalise on these opportunities, you must master both the technology behind floating gas ...