Rigs
Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses
While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as
South American waters yield more gas: Petrobras makes new find in Colombia
Brazil’s state-owned energy giant Petrobras has boosted South America’s energy arsenal with a new gas discovery off the coast of Colombia.
More oil unearthed in Norwegian waters as Equinor strikes black gold again
Norwegian state-owned energy giant Equinor has unveiled a new oil discovery in the Barents Sea off the coast of Norway, which was drilled with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.
Aker BP picks up clearance for oil & gas drilling ops with Noble rig
Norwegian authorities have given the go-ahead for production drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a rig owned by Noble Corporation, a U.S.-headquartered energy giant.
Seadrill, Kongsberg Maritime, and Hanwha set on ushering in next gen remote DP tech for offshore drilling
Three players – Seadrill, an offshore drilling contractor, Kongsberg Maritime (KM), a technology player, and Hanwha Drilling, a provider of offshore drilling services – have forged an alliance to develop the next generation of remote dynamic positioning (DP) technology to establish new standards for
Probe into North Sea rig incident ends
Norway’s state-owned energy giant Equinor has wrapped up its investigation into a well control incident that occurred on a semi-submersible rig working in the Norwegian sector of the North Sea. This incident is classified as being in the company’s highest category of severity.
North Sea becomes richer for another oil discovery
Norwegian state-owned energy giant Equinor has found more black gold in the North Sea off the coast of Norway, thanks to drilling activities with one of Odfjell Drilling’s semi-submersible rigs.
Five-year Asian drilling gig comes Velesto rig’s way
Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.
No break for Velesto rig as it uses suspension period to work for Jadestone Energy
Velesto Drilling, a wholly-owned subsidiary of Malaysia’s Velesto Energy, has secured a $16.5 million contract with the Malaysian unit of Singapore’s Jadestone Energy for the provision of a jack-up drilling rig. The contract will see the NAGA 8 rig support infill drilling activities at the East Belu
Transocean’s backlog stands at $6.1 billion in the wake of $610M rig deals
Switzerland-based offshore drilling contractor Transocean has obtained multimillion-dollar assignments and extensions for seven mobile offshore drilling units (MODUs) from its rig fleet.
Rig gigs of $900 million push Valaris’ backlog to $4.7 billion
Bermuda-incorporated offshore drilling contractor Valaris has secured a batch of new drillship and jack-up rig assignments and extensions in Africa, Asia-Pacific, Europe, and North and South America.
Shell spins the drill bit with Stena drillship in Egyptian waters
UK-headquartered energy giant Shell has embarked on multi-well drilling activities off the coast of Egypt with a drillship owned by Scotland-headquartered offshore drilling contractor Stena Drilling.
North Sea oil & gas drilling ops with COSL rig good to go
Norwegian state-owned energy giant Equinor has secured the go-ahead from the country’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations in the North Sea off the coast of Norway.
25 rigs out of Borr Drilling’s 29-strong fleet either on hire or with jobs lined up
Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed multiple new work assignments in Africa, Southeast Asia, and North America. As a result, 25 of our 29 rigs are either contracted or committed, with six in Southeast Asia, five in the Middle East and North Afric