Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March 2015, Baker Hughes, a GE company, said in its weekly report.

Proserv has secured a contract worth over $5.5 million with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.

More than half the total oil rigs are in the Permian Basin in west Texas and eastern New Mexico.

While the North Sea has been leading the increase in demand for offshore supply vessels, with rates for some vessel segments improving by 30% from a year ago, activity is starting to pick also elsewhere in the world, DOF’s CEO told Reuters.

Drillers added 11 oil rigs in the week to April 6, bringing the total count up to 808, the highest level since March 2015, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report. This was the biggest weekly addition in about two months.

Experience and expertise combine to introduce a new business model, innovative products and novel concepts for subsea production.

Drilling efficiencies are maximized with integrated MPD systems.

According to the Brazilian major, the company’s PLSV fleet might have 16 vessels by year-end, two less than what were under contract in 2017.

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