
Transocean has signed a major contract in Africa
Transocean has signed an $80 million contract to conduct drilling operations in Equatorial Guinea in 2027. The company notes a growing demand for deepwater projects in Africa.
AILINCOM 
Transocean has signed an $80 million contract to conduct drilling operations in Equatorial Guinea in 2027. The company notes a growing demand for deepwater projects in Africa.

Odfjell Drilling does not expect any new rig orders in the coming years, despite a shrinking supply and an aging fleet. The company is focusing on extending the operational life of its existing platforms.

The Chinese company CNOOC Limited plans to begin drilling its first exploratory well on the Brazilian continental shelf in the Santos Basin in 2029. The project focuses on little-studied deepwater areas, where major international oil companies are also operating.

The Deepsea Atlantic drilling rig has resumed operations off the coast of the United Kingdom after a 106-day shutdown caused by an incident in which equipment fell to the seabed. There were no injuries or environmental damage reported.

Singapore's Keppel has established a private fund to transfer 10 outdated drilling rigs, into which Apollo Global Management is investing $1.5 billion. The deal reflects growing demand for modern offshore drilling platforms and could bring Keppel up to $988 million.

The temporary suspension of two Noble Corporation drilling rigs in Brazil due to a regulatory inspection led to decreased revenue and losses in the second quarter. Despite market volatility and reduced activity from Petrobras, the company notes steady demand for deepwater drilling and continues to pursue new contracts.

Norwegian company Vaar Energi plans to drill seven exploration wells in the second half of 2026 to increase oil and gas reserves at key fields. The main targets—Lakris, Jotun Deep, Anabelle, and others—have significant potential and could be connected to the company’s existing infrastructure.

An incident involving the collapse of casing pipes occurred on the Hibernia oil platform off the coast of Newfoundland and Labrador. As a result, one worker was evacuated for medical evaluation. An investigation into the causes of the incident is underway, and operations in the hazardous area have been temporarily suspended.

China Oilfield Services Limited has announced a tender for the basic design of four new highly efficient self-elevating drilling rigs. Applications are scheduled to be accepted in August 2026.

In the second quarter, Noble Corporation reported a loss of $37 million due to the suspension of operations at two drilling rigs off the coast of Brazil. The company also lowered its revenue and EBITDA forecasts for 2026.

BP and Chevron have evacuated some employees from their facilities in the Gulf of Mexico due to the strengthening of Tropical Storm Beryl. Other operators continue to monitor the situation and are prepared to take action if weather conditions worsen.

Around 50 workers from the Elgin Franklin and North Alwyn platforms in the North Sea have launched a series of strikes after NeoNext+ refused to increase wages by more than 3%. The Unite union supports the employees' demands for better working conditions and pay.

Petrobras continues drilling one of the deepest exploratory wells, Morpho, in the environmentally sensitive Foz do Amazonas basin, overcoming technical challenges and planning further projects in the region.

Keppel has begun preparing unfinished drilling rigs for operation in order to take advantage of rising demand and improving market conditions. The company is also evaluating the prospects for further commercialization of these assets.