During a violent storm, a drillship’s anchor system became the turning point that sealed the crew’s fate. What should have been a safety lifeline turned into a deadly chain reaction, ending with the ...

The extension adds $114m to Seadrill’s backlog and extends the 2022 contract through October 2027.

Transocean Ltd. announced the sale of two drillships for a total of $342 million with proceeds directed towards reducing debt. Transocean's net debt and normalized net debt are substantially higher ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Transocean, Inc RIG, a leading international provider of ...

Valaris secures $519M, 1,064-day Petrobras contract for drillship VALARIS DS-4 offshore Brazil. Valaris sees significant earnings boost as rigs, including VALARIS DS-4, reprice day rates from low ...

Valaris Limited VAL, an offshore driller, has successfully secured new deals and contract extensions, adding approximately $1.14 billion to the firm backlog, excluding mobilization fees and capital ...

Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry. The Tidal Action is built ...

Transocean owns the most technically capable fleet in the offshore drilling industry. The crown-jewel assets are the Deepwater Titan and the Deepwater Atlas, the only two 8th-generation drillships in ...

Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a five-well contract with Bp Exploration Delta Limited for drillship VALARIS DS-12 in Egypt. The ...

Transocean, Inc RIG, a leading international provider of offshore contract drilling services for oil and gas wells, announced a significant contract for a high-specification seventh-generation, ...