NOV Rig Census Signals Drilling Industry Shift Toward Efficiency and Consolidation

Reuters01-17

NOV Rig Census Signals Drilling Industry Shift Toward Efficiency and Consolidation

The 2025 NOV Rig Census, as reported by NOV Inc., highlights significant changes in the global drilling industry. The analysis reveals a shift toward greater efficiency and industry consolidation, influenced by macroeconomic challenges, regional demand fluctuations, and a reduced availability of modern drilling rigs. The report notes that increased oil supply from OPEC+, slower demand growth, and economic uncertainties have particularly affected offshore drilling activity. Meanwhile, North America's onshore market is increasingly focused on operational efficiency and the deployment of high-specification rigs, reflecting a more disciplined and streamlined industry approach.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NOV Inc. published the original content used to generate this news brief on January 16, 2026, and is solely responsible for the information contained therein.

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The analysis reveals a shift toward greater efficiency and industry consolidation, influenced by macroeconomic challenges, regional demand fluctuations, and a reduced availability of modern drilling rigs. The report notes that increased oil supply from OPEC+, slower demand growth, and economic uncertainties have particularly affected offshore drilling activity. Meanwhile, North America's onshore market is increasingly focused on operational efficiency and the deployment of high-specification rigs, reflecting a more disciplined and streamlined industry approach.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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The report notes that increased oil supply from OPEC+, slower demand growth, and economic uncertainties have particularly affected offshore drilling activity. Meanwhile, North America's onshore market is increasingly focused on operational efficiency and the deployment of high-specification rigs, reflecting a more disciplined and streamlined industry approach.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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