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NOV : 2025 NOV Rig Census shows global drilling industry shift toward efficiency, consolidation
NOV : 2025 NOV Rig Census shows global drilling industry shift toward efficiency,
About this update from Nov Inc.
About News 2025 NOV Rig Census shows global drilling industry shift toward efficiency, consolidation Drilling Contractor magazine, November 2025 Jan 16, 2026 The following is an excerpt from a December 2025 article in The Drilling Contractor Macroeconomic headwinds, shifting regional demand and a shrinking pool of modern rigs define a leaner, more disciplined industry The 2025 NOV Rig Census reflects a drilling industry adapting to shifting market conditions. Rising oil supply from OPEC+, softer demand growth and economic uncertainty slowed recent momentum, particularly offshore, while the onshore North American market continued its shift toward efficiency and high-specification capacity. Read more here