More rig contracts 'set for axe'

A further seven to 10 offshore rigs are at risk of having their contracts cancelled by clients on top of a total of 18 units that have been terminated so far this year amid a market slump, according to Rystad Energy.

Sinking feeling: in offshore rig market
Sinking feeling: in offshore rig market
Published 7 November 2016, 11:03Updated 7 November 2016, 13:06