The costs of renting offshore oil and gas rigs have more than doubled over the last two years, and could rise to $500,000 per day, oil company executives claimed on Wednesday, amid a tight hydrocarbon supply situation and as energy security continues to trump energy transition efforts. At the top end, some drilling companies have seen daily rental rates already near $400,000. And, with market conditions as they are, drillers are commanding higher rates for their equipment in what looks to be the end of a couple of rocky pandemic years that saw…
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