Valaris Backlog Reaches $4.9 billion
6, May 2026
Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.
Petrobras
Seatrium Settles Brazil Probe for $110m
28, April 2026
Seatrium avoids prosecution in Singapore after court approval of a $110m DPA linked to Brazil’s Operation Car Wash probe.
Petrobras Expands Campos Basin Stake
28, April 2026
Petrobras will expand its Campos Basin position by acquiring part of the Argonauta ring-fence linked to the Jubarte shared reservoir.
Transocean Wins Petrobras Extension for Deepwater Corcovado
15, April 2026
Transocean has secured a 1,156-day extension from Petrobras for Deepwater Corcovado, adding about $445 million to backlog and keeping the drillship working through November 2030.
Petrobras Approves SEAP I as SBM Offshore Takes FPSO Roles
14, April 2026
Petrobras has approved SEAP I in Brazil’s Sergipe-Alagoas Basin, advancing a more than $12.0 billion offshore oil and gas development supported by two SBM Offshore FPSOs.
Petrobras Reports New Deepwater Find in Campos Basin
14, April 2026
Petrobras has reported a new hydrocarbon discovery in block C-M-477 in Brazil’s pre-salt Campos Basin, with laboratory analysis set to assess reservoir conditions and fluid characteristics.
Subsea7 Secures Sépia 2 SURF Contract in Brazil
10, April 2026
Subsea7 has secured a supermajor contract from Petrobras for the Sépia 2 field in Brazil, covering SURF work for 17 wells and a gas export line in the Santos Basin.
Iran War Lifts Latin America Offshore Appeal
7, April 2026
Latin America is gaining appeal for offshore drilling as the Iran war reshapes market risk views, with Constellation Oil Services Holding SA pointing to Brazil as a stable deepwater market.
Petrobras Keeps Valaris DS-4 Working Longer in Brazil
7, April 2026
Petrobras has extended the offshore Brazil assignment for Valaris DS-4 by 1,064 days. The award adds about $447 million to Valaris backlog and keeps the drillship committed through 2030.
