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Transocean Adds $1 Billion to Backlog and Retires Debt, Lifting Shares

New multi-year deals lock in years of work to support Transocean’s debt-cutting plan.

Vallourec Secures Five Indonesian OCTG Contracts Totaling 36,000 Tons

Oil States Tops Q4 Guidance, Builds Offshore Backlog and Outlines 2026 Growth

Transocean to Acquire Valaris in $5.8 Billion All-Stock Deal to Create $17 Billion Offshore Drilling Leader

Borr Drilling Closes $360 Million Purchase of Five Noble Jack-Up Rigs

Noble Signs Deals to Sell Six Jackups, Including $360 Million Package to Borr Drilling

ExxonMobil to Cut 2,000 Jobs Worldwide as Imperial Oil Slashes 20% of Staff