Consolidation is continuing in the rig owning sector with Ensco merging with Rowan Companies in an all stock deal.
Keppel Corp has confirmed that its offshore and marine unit is in talks to sell six jack-up rigs to the rapidly growing Borr Drilling.
The joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries to build a $5.2bn mega-yard in Saudi Arabia has been officially launched.
As AP Moller - Maersk seeks to exit energy related business offshore rig owning company Maersk Drilling reported a $1.67bn loss for Q3, hit by impairments of $1.75bn.
Transocean is taking a $1.4bn impairment on scrapping six deepwater and ultra-deepwater rigs and drillships.
North Atlantic Drilling Ltd (NADL) has scored two 10-year jack-up rig contracts with ConocoPhilips worth an estimated $1.4bn.