Transocean Inc. RIG, an offshore drilling contractor based in Switzerland, announced plans to offload five stacked rigs as part of its efforts to optimize its rig fleet. The rigs to be retired include ...

Deepwater driller Seadrill is quietly confident that steadily improving market conditions mean it will not need to retire any of its three cold-stacked rigs that have not worked for some years. Two of ...

Petrobras has received more than two dozen commercial offers in a trio of tenders aimed at contracting low-specification drilling rigs to conduct a series of workover and well intervention activities ...

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main ...