Transocean added about $1.0 billion to backlog through a new Transocean Barents contract in Norway and extensions for Deepwater Orion and Deepwater Aquila offshore Brazil.
Constellation Oil Services added about $1.1 billion to backlog after renegotiating three rig contracts with Petrobras, extending work for Brava Star, Gold Star, and Alpha Star through 2028 and 2030.
Foresea has started the Petrobras contract for 6th generation drillship Norbe IX, which will work in the Sepia and Atapu fields for about three years.
Seadrill said Sonadrill has secured a contract extension for Sonangol Quenguela in Angola after a seven-well priced option was exercised, adding about 480 days through June 2028.
Transocean’s Deepwater Thalassa is mobilising to Mexico for Woodside’s Trion development drilling. The campaign runs March 2026–February 2029 as Trion targets first oil in 2028.
PTTEP contracted Seadrill drillship West Capella for a 440-day Malaysia program starting in 2Q 2026, alongside multiple drillship extensions and a West Elara North Sea P&A campaign update.
Saipem’s planned $272.5 million purchase of Deep Value Driller fell through after seller Deep Value Driller accepted Eldorado Drilling’s $300 million cash offer and signed a binding agreement.
Saipem has deployed an AI predictive maintenance system on Saipem 12000 and is advancing a similar project on Saipem 7000 targeting diesel generators to support offshore safety and efficiency.
Valaris reported nearly $900 million in new awards and extensions, lifting backlog to about $4.7 billion in its 17 February 2026 fleet status update across drillships and jackups.
