MarketPulse

offshore drilling

11 articles
GlobeNewswire Inc.GlobeNewswire Inc.··Na

NOV Navigates Middle East Disruptions as Energy Cycle Recovery Looms

NOV reports Q1 2026 revenue decline to $2.05B amid Middle East disruptions; management expects undersupplied market recovery ahead.
NOVbook-to-bill ratioAdjusted EBITDA
The Motley FoolThe Motley Fool··Bram Berkowitz

Occidental's Gulf Discovery Signals Boom for Oil Majors in Deep Water Play

Occidental Petroleum discovers oil at Bandit site in Gulf of America, potentially yielding 230 million barrels. Chevron and Woodside Energy positioned to benefit significantly.
CVXOXYOXY.WSWDSenergy securityoil production
BenzingaBenzinga··Lekha Gupta

Valaris Lands $447M Petrobras Deal as Offshore Drilling Demand Surges

Valaris secures $447M contract extension with Petrobras through 2030, bolstering backlog. Company also partners on Suriname offshore development with PETRONAS and Halliburton.
HALVALVAL.WSPBRPBR.Apartnershipbacklog
The Motley FoolThe Motley Fool··Matt Dilallo

Trump Orders Santa Ynez Pipeline Restart: What It Means for Sable Offshore

Trump administration mandates reopening of California's Santa Ynez Pipeline, shut since 2015 spill, targeting 50,000 barrels daily despite fierce state opposition.
XOMSOCPAACaliforniaoffshore drilling
The Motley FoolThe Motley Fool··Lawrence Rothman, Cfa

DME Capital Exits Seadrill Position as Offshore Driller Surges 21.7% in 2026

DME Capital Management fully exits 1.59M Seadrill shares representing 1.9% of AUM. Stock rebounds strongly in 2026, gaining 21.7% year-to-date.
SDRLfund exitoil prices
GlobeNewswire Inc.GlobeNewswire Inc.··Researchandmarkets.Com

Oil Drilling Services Boom: $61.38B Market by 2030 Led by Saudi Aramco, ExxonMobil

Global oil drilling services market projected to reach $61.38B by 2030, growing 3.5% annually. Saudi Aramco, ExxonMobil, and CNPC lead expansion driven by unconventional and offshore development.
XOMCVXTOTTTEBKR+2market growthtechnological innovation
The Motley FoolThe Motley Fool··Eric Trie

GeoSphere Capital Bets on Offshore Drilling Recovery with Borr Investment

GeoSphere Capital invests $5.58 million in offshore driller Borr, betting on sector recovery as contract activity improves and utilization rates rise.
CCJBORRNESRcapital spendingoffshore drilling
BenzingaBenzinga··Henry Khederian

Transocean Gains Despite Earnings Miss as Merger Plans Advance

Transocean shares rose despite missing earnings estimates, as investors focused on strong revenue, solid cash flow, and the transformational Valaris merger.
RIGVALVAL.WSearnings missmerger
GlobeNewswire Inc.GlobeNewswire Inc.··Na

Transocean Expands Backlog to $6.1B with $610M in New Contract Awards

Transocean secures $610M in new offshore drilling contracts, expanding total backlog to $6.1B across Brazil, Norway, and Australia operations.
BPRIGbacklogBrazil
The Motley FoolThe Motley Fool··Emma Newbery

Transocean Retreats After Six-Month Rally on Valaris Merger Concerns

Transocean shares fell 6.5% after a six-month 108% rally, as investors worry about equity dilution from its proposed $5.8 billion all-stock Valaris merger.
RIGVALVAL.WSNENE.WS+1acquisitionearnings
The Motley FoolThe Motley Fool··Eric Volkman

Valaris Shares Fall 7% Amid Merger Uncertainty and Earnings Delay

Valaris shares fell 7% as the company delayed earnings due to pending $5.8 billion merger with Transocean. Investor caution reflects uncertainty over merger timing and offshore drilling sector weakness.
RIGVALVAL.WSstock declinemerger