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Global and Regional Markets

Borr Drilling switches focus to rig startups amid cautiously optimistic outlook for a North Sea rebound

Tender inquiries on the rise, but drilling permit uncertainty and shorter contract lengths remain challenges and drilling contractors maintain cost discipline By Sarah Junek, Associate Editor In the 18 months since the end of 2017, Borr Drilling has grown from just one operating rig to an anticipated 16 working rigs by August. With an additional eight premium jackups still under construction, the company is positioning itself for the ongoing market recovery. “We definitely see a rise in the number of tender inquiries as compared to last year, both for jackups and semisubmersibles,” said Peter de Bruijne, Director of Marketing and Contracts, North Sea region. In the North Sea, “the challenge is that quite a lot of these tenders are still ...

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Shell sounds the call for industry to collaborate, set foundation for data-centric ways of working

Grassroots change needed across the energy industry to integrate new ways of working into organizations By Linda Hsieh, Editor & Publisher, and Sarah Junek, Associate Editor Two Shell engineers issued a “call to arms” at the 2019 Offshore Technology Conference on 7 May for the industry to come together to accelerate the industry’s digital revolution. “We can’t do it alone, and we can’t work in a silo because we’re so interconnected,” said Kiran Krishna, Shell Systems Engineering Architect. “Digital is all about being interconnected. We all need to come together to solve these problems.” Not only is it impossible for a single company to undertake this journey alone, but Mr Krishna also emphasized the need for the oil and gas ...

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