US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year

As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace in 2026, with long-term fundamentals in the offshore drilling market painting a picture of busy times ahead for the drillship fleet in the future.

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