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Both US supermajors have snapped up acreage in the emerging, environmentally sensitive Brazil play as they continue building their overseas portfolios.

RIG's ultra-deepwater rig begins drilling for BP in the Gulf of America under a 3-year contract worth over $500 million.

Valaris’ Cold-Stacked drillships’ Valuation With demand softening and utilization expected to decline, what does this mean for the viability of long-term cold-stacked rigs?

The awarding of the contract for an ultra-deepwater Trion project offshore Mexico is more than just another deal.

The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, regulatory approvals, and capital discipline.

Transocean owns or has partial ownership interests in and operates a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.

Transocean secured a 365-day contract with BP for the Deepwater Atlas in the U.S. Gulf, starting Q2 2028. The deal adds $232 million to Transocean’s backlog, excluding mobilization fees. Feel ...

bp has let a contract to Transocean Ltd. for the Deepwater Invictus drillship in the Gulf of Mexico.

bp has let a 2-year contract to Diamond Offshore Drilling Inc. for the ultra-deepwater drillship Ocean BlackLion in the Gulf of Mexico.