Houston-headquartered Diamond Offshore Drilling, Inc. (NYSE: DO) has reported second quarter 2023 results that saw $229 million added to its backlog. Total revenues were $281.5 million compared with $232 million in the
Offshore drilling contractor Valaris Limited (NYSE: VAL) today reported that it is reactivating its Valaris DS-7 drillship to service a newly-awarded 12-well contract offshore West Africa The contract is expected to commence
With demand for offshore drilling rigs pushing up, will more drilling contractors start reactivating cold-stacked floaters? London-based Maritime Strategies International (MSI) says that, while the market for floaters has long since crossed
Offshore drilling contractors Seadrill Limited (NYSE & OSE: SDRL) and Aquadrill LLC have entered into a definitive merger agreement that will see Seadrill acquire Aquadrill in an all-stock transaction. On completion of
Offshore drilling contractor Valaris Limited (NYSE: VAL) has kicked off the New Year by announcing a flurry of contracts. Today it reported that it has been awarded the following new contracts: One-well
Offshore drilling contractor Valaris — which until a 2019 name change was called EnscoRowan — reports that on April 30, 2021, it completed its financial restructuring and emerged from Chapter 11 bankruptcy.
After a challenging 2020, oil and gas demand recovery — supported by vaccination efforts and OPEC+ supply cuts — is proving good for drilling activity, says Oslo, Norway, headquartered consultancy Rystad Energy.
DECEMBER 31, 2018 — In a year-end morale booster for the offshore drilling industry, Transocean Ltd. (NYSE: RIG) reported Friday that it had signed a rig design and construction management contract, as
OCTOBER 4, 2018 — In another sign of increasing optimism in the offshore drilling market, Tor Olav Troim’s Borr Drilling Limited has decided to start the activation of four additional newbuild jack-ups.
SEPTEMBER 4, 2018 — Offshore drilling contractors Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (NASDAQ: ORIG) report that they have entered into a definitive merger agreement under which Transocean will