Ventura Offshore has secured two contract extensions with Petrobras for SSV Victoria and Atlantic Zonda, adding about $611 million in backlog and extending drilling activity offshore Brazil.
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.
Borr Drilling has secured new contract commitments for four premium jack-up rigs in Gabon, Mexico, Germany, and Vietnam, covering fresh awards and extensions for Prospector 5, Ran, Joro, and Thor.
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.
Brava Energia has launched a four-well drilling campaign at Papa-Terra and Atlanta using Constellation’s Lone Star, with first oil targeted in Q4 2026 and Q2 2027.
PV Drilling has completed the reactivation of PV DRILLING IX, with the jack-up rig set to begin commercial work in April 2026 as demand strengthens in Vietnam and Southeast Asia.
Aker BP has received approval for an exploration well and a pilot hole in the North Sea, with Saipem’s Scarabeo 8 set to carry out both drilling operations.
ADES has temporarily suspended several offshore rigs in the GCC as regional tensions persist. The Saudi driller said the move is short term and aimed at protecting personnel and assets while it works with clients and stakeholders to monitor developments and maintain readiness.
