It S Alive! : Offshore Drillers Start Resuscitating marinelink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinelink.com Daily Mail and Mail on Sunday newspapers.
Offshore drilling rig reactivations have begun as utilisation and dayrates continue their rapid recovery. Several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead.
Last week Brent crude touched $80 per barrel for the first time in three years. What may be even more remarkable is that it has remained above $60 per barrel since February 2021. Meanwhile, there have been various signs that the offshore rig market is now in an upcycle following a cavernous and drawn out .