International Maritime Industries (IMI), a maritime construction and repair company and the largest maritime facility in the Mena region, has commenced construction of a new offshore jack-up rig, ...

Seatrium has successfully delivered a newbuild jackup rig, Var, to Borr Drilling, nearly one year ahead of schedule. It is the final newbuild rig in a series of five B Class jackup rigs that ...

Public sector giant plans to invest between $3 billion and $4 billion during ongoing financial year, mostly on offshore ...

Valaris has one of the largest exposures to the jackup rig market. The company generated revenues of $213.7 million from the segment in Q3-24, representing ~33% of total revenues. If we include ...

Most of the rigs had been abandoned at Keppel's yard by their owners. Keppel was the most celebrated builder and designer of ...