Read all the latest news about Drilling rigs. ShippingWatch gives you independent, credible, critical and fair news.

CEO on past drilling mergers: "A pure catastrophe"

Odfjell Drilling is prepared to participate in a large-scale consolidation wave of the hard-strained drilling sector. But there is one major bump in the road. "The consolidation we've seen so far has been a pure catastrophe for shareholders," CEO tells ShippingWatch.

Seadrill could end up in new Chapter 11

Seadrill Chairman Glen Ole Rødland sees a US Chapter 11 filing as "an alternative" in the restructuring the company has heralded. The rig operator expects to "slim down in every way," he tells Finansavisen.

Maersk Drilling maintains expectations for operating result

There is improvement in the drilling market, but contracts remain "relatively short," says Maersk Drilling in a trading update for the third quarter, in which neither operating result nor bottom line is included. The company maintains expectations for its operating result.

Seadrill's deficit deepened in the first quarter

Rig operator Seadrill finished the first quarter of the year with a bigger deficit than in the previous quarter, even though revenue grew in the period. Last year the rig company was fighting for its survival.

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