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2026-06-16 09:15:54 -

Large Drilling Rig Market to Reach USD 13.85 Billion by 2034 Driven by Rising Energy Demand and Offshore Exploration Activities
According to a report by Intel Market Research, the global Large Drilling Rig Market was valued at USD 8.42 billion in 2025 and is projected to grow from USD 8.97 billion in 2026 to USD 13.85 billion by 2034, registering a CAGR of 5.6% during the forecast period. The market is experiencing steady growth due to increasing global energy demand, expansion of offshore drilling operations,...

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2026-07-06 10:30:44 -

Offshore Exploration Market Expands into New Frontiers
Offshore exploration is a primary driver for the jackup rigs market, as companies seek to discover new oil and gas reserves in frontier regions and deepwater environments. According to Market Research Future, the jackup rigs market, which supports this exploration, is projected to grow from USD 17.09 million in 2025 to USD 29.28 million by 2035. The search for new energy sources is a...

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