Could the recent US$5.8Bn acquisition of Valaris by Transocean kick off another round of rig-owner consolidation? Westwood Global Energy’s Americas research director, Cinnamon Edralin, examines the impact of the deal
Several multi-year tenders have hit the market after two years of demand decline and rig exits, says Westwood Global Energy Group, RigLogix director, Teresa Wilkie
The all-stock purchase joins two of the top 10 offshore drilling rig owners and would position the combined fleet at the top of the ranks of offshore drillers
Nine rigs are covered by the latest awards, with the headline deal being a three-year contract for harsh-environment semisub Noble GreatWhite with Aker BP
While rig utilisation in the Middle East is down slightly year-on-year, the picture will brighten for the region in H2 2026, writes Westwood Global Energy Group, RigLogix director, Teresa Wilkie
Extent of damage unclear following drone strikes as Ukrainian military forces continue efforts to damage the sanctioned Russian energy firm Lukoil’s offshore assets
One of Borr Drilling’s jack-ups was extended by Eni in Mexico, while another rig secured a contract for two wells plus an optional well with an undisclosed operator in the US
Stranded gas represents untapped value and floating LNG and FSRUs offer the quickest way to monetise it. To capitalise on these opportunities, you must master both the technology behind floating gas ...