2015: A year to forget for tig market – Rig Trends

14 January 2015, News Wires – This past year in the offshore rig market was one many would like to forget. Oil prices plummeted to below $40, and as a result, rig utilization declined throughout the year and day rates followed suit. Early contract terminations, particularly for floating rigs (semisubmersibles and drillships), have become more commonplace […] More »