Drilling
News
April 14, 2026
Transocean has secured a $445 million contract extension with Petrobras for the Deepwater Corcovado drillship, extending operations offshore Brazil through 2030.
News
April 12, 2026
Türkiye has launched its first overseas offshore drilling campaign, deploying the Çağrı Bey drillship to drill the Curad-1 ultra-deepwater well offshore Somalia, targeting a potential oil discovery.
News
April 06, 2026
Masirah Oil plans to begin drilling three development wells at the offshore Yumna field in Oman’s Block 50, advancing production activity in the area.
News
April 06, 2026
Valaris extends its DS-4 drillship contract with Petrobras offshore Brazil, adding $447 million in backlog and securing deepwater work into 2030.
News
April 03, 2026
A Brazil-based deepwater driller sees rising investment in Latin American offshore projects as geopolitical risks in the Middle East shift focus toward more stable regions.
News
April 02, 2026
Transocean adds $1 billion in backlog through Brazil deepwater drillship extensions and a Norway semisubmersible contract, while accelerating debt reduction.
News
April 02, 2026
Constellation extends key offshore drilling contracts with Petrobras, adding $1.1 billion in backlog and securing long-term utilization for deepwater rigs in Brazil.
News
March 31, 2026
A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight.
News
March 27, 2026
Equinor has launched drilling operations for the Raia project in Brazil’s Campos basin, a major pre-salt gas development expected to supply up to 16 MMcm/d and support the country’s energy demand by 2028.
News
March 26, 2026
Vantage Drilling’s return to profitability in 2025 reflects strengthening offshore fundamentals, with a previously awarded drillship contract adding to backlog and reducing forward execution risk.
News
March 25, 2026
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field.
News
March 23, 2026
Aker BP and Armada will deploy a modular offshore data center on the Norwegian Continental Shelf, enabling real-time AI-driven drilling analytics, improved operational resilience and reduced downtime through localized data processing and edge computing.
News
March 16, 2026
ExxonMobil and Halliburton have completed the industry’s first fully closed-loop automated geological well placement offshore Guyana, integrating rig automation, automated geosteering and real-time drilling optimization to improve well construction efficiency and reservoir contact.
News
March 16, 2026
Eni has discovered more than 1 Tcf of gas in two offshore Libya exploration wells near the Bahr Essalam field. The finds could be rapidly developed through tie-backs to existing infrastructure to supply domestic demand and exports to Italy.
News
March 12, 2026
Equinor is preparing to launch drilling operations at the Rosebank field west of Shetland, part of a major UK offshore development that will include subsea wells tied back to a redeployed FPSO.
News
March 09, 2026
Woodside Energy has begun the drilling campaign for the Trion ultra-deepwater project in the Gulf of Mexico offshore Mexico, marking a key milestone toward first oil expected in 2028.
News
March 09, 2026
Borr Drilling said it has down-manned three jackup rigs in Qatar and the UAE following escalating hostilities in the Arabian Gulf, while another rig was shut down after an incident on a customer-operated platform.
News
March 04, 2026
Kongsberg Maritime, Seadrill and Hanwha Drilling have formed an alliance to develop remote dynamic positioning (DP) technology aimed at improving safety, automation and operational efficiency for offshore drilling rigs.
News
February 25, 2026
Saipem said it will not complete its planned acquisition of the Deep Value Driller drillship after the vessel’s owner decided to proceed with a sale to another buyer, and the company is now considering potential legal action to protect its interests.
News
February 18, 2026
Valaris has secured nearly $900 million in new contract awards and extensions across its global fleet, with fresh drillship work in Angola and Brazil and jackup demand strengthening across Southeast Asia, Australia and the North Sea.
News
February 17, 2026
Saipem has reached an agreement to acquire the Deep Value Driller drillship for $272.5 million, expanding its offshore drilling fleet and strengthening deepwater capabilities.
