Odfjell Drilling says Hercules has secured a new drilling contract for offshore Canada, with the company continuing as rig manager on behalf of SFL Corporation Ltd. The campaign is scheduled to start in Q1 2027.
Petrobras controls 36 of Brazil’s 49 offshore rigs, while Westwood Global Energy Group data point to 5,472 minimum rig days of demand through 2029.
SFL Corporation has secured a new Canada drilling contract for the Hercules semi-submersible. The deal is worth about $170 million and covers a minimum 400-day term from Q1 2027.
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.
Transocean reported 2025 operating revenues of $4.0 billion, improved revenue efficiency and cash flow, reduced principal debt to $5.7 billion, and reported backlog of about $6.1 billion as of 19 February 2026.
Dolphin Drilling and Vantris Energy sign a non-exclusive marketing agreement for the Blackford Dolphin semi-submersible, targeting Southeast Asian markets including Indonesia, Malaysia, Thailand, and Vietnam.
Shell has started drilling the first gas development and production well at West Mina in Northeast El Amriya, targeting 160 MMscf/d and 1,900 barrels of condensates per day by year-end.
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.
