MarketPulse

offshore drilling

8 articles
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