Valaris is seeing early signs of recovery in rig demand evidenced by new contracts for its fleet of drillships, semi-submersible, and jack-ups.
Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market.
UK gas company IOG plc has started drilling the Blythe development well located in the UK North Sea ahead of the first gas from the hub.
Eni has made an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water offshore Mexico.
The number of offshore rigs in the U.S. decreased to 14 last week, according to Baker Hughes weekly rig count reports.
Turkey’s oil and gas company TPAO has successfully completed the first flow test of the Türkali-2 appraisal well in the Sakarya gas field located in the Black Sea.
TotalEnergies and APA Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname.
Offshore drilling contractor Transocean has won two contracts which, in aggregate, contribute approximately $55.5 million in the backlog.
Oil major ExxonMobil has made an oil discovery at Whiptail well off Guyana, which could form the basis for future development.
BW Energy has completed the final horizontal production well in Gabon and is now working to tie in two wells for the first oil production.
Brazilian contractor Etesco has been awarded a contract extension for a drillship with the state-owned Petrobras for operations off Brazil.
Equinor will start drilling a well off Norway in late August. This is the first of seven wells planned to be drilled by Longboat following three farm-in deals.
Seadrill Limited has hammered out a reorganization plan with its consenting lenders, which will allow it to emerge from Chapter 11.
Santos has produced the first oil from the Van Gogh Phase 2 infill development, located offshore Australia.
