Why US Gulf drillship activity could plummet to its lowest level in seven years

Rising costs and supply chain issues could suppress rig utilisation to 70% after years at 90%, Westwood analysis says

The Noble Globetrotter II, a seventh-generation ultra-deepwater drillship that belongs to Noble Corporation.
The Noble Globetrotter II, a seventh-generation ultra-deepwater drillship that belongs to Noble Corporation.Photo: NOBLE CORPORATION
Published 25 March 2025, 12:38Updated 25 March 2025, 12:38
Westwood Global Energy GroupUS GulfTransoceanNoble CorporationSeadrill