The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book ...

The international jack-up drilling heavyweights Shelf Drilling and Borr Drilling are seeing an improvement in market conditions and are looking optimistically at full fleet utilisation in 2022. Both ...

A jack-up rig operates beside an active production platform in the Gulf of Mexico. When extreme winds and towering waves ...

In October 2007, a massive storm with 70-knot winds slammed into a Mexican oil platform in the Gulf of Mexico. The jack-up rig collided with a nearby wellhead, rupturing valves and releasing a deadly ...

Offshore rig demand has picked up in Asia with more units being reactivated, but a large number of these mobilised rigs are intended for operation in the Middle East. Consultancy Westwood Global ...

HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (BORR) ("Borr Drilling" or the "Company") has entered into an agreement to acquire five premium jack-up rigs from Noble ...

In November 2025, ADES completed the acquisition of Shelf Drilling, adding 33 jack-up rigs to its fleet, extending its lead ...

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ...

The latest announcement is out from Borr Drilling ( (BORR) ).

SINGAPORE, Jan 27 (Reuters) - Keppel Corp , the world's largest oil rig builder, said on Thursday it has secured a contract worth about $416 million to build two harsh environment jack-up rigs from ...