Rigs and Vessels

Gloomy offshore rig market pins hopes on 2026 rebound

Offshore rig market faces a challenging year ahead, with falling dayrates and weak demand amid contract suspensions and oversupply

COSL's semisub Nanhai-8 was recently chartered by Petrobras for a multi-year drilling campaign.
COSL's semisub Nanhai-8 was recently chartered by Petrobras for a multi-year drilling campaign.Photo: COSCO
Asia CorrespondentSingapore
Published 27 March 2025, 13:56Updated 27 March 2025, 13:56
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