Some significant developments in the offshore drilling sector
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Exxon and Guyana
Exxon Mobil (XOM) has been quite active in Guyana waters. Just saw an article on three more successful drilling outcomes. The article goes into more detail on the production developments too
https://www.rigzone.com/news/exxon_does_it_again_three_more_… -
Diamond Offshore (DO)
Late last month, offshore driller Diamond Offshore (DO) came out of bankruptcy protection and relisted on the NYSE. DO is also active as manager of drilling assets for other entities e.g. Aquadrill -
Seadrill (SDRL.OL)
In Feb 2022, offshore driller Seadrill (SDRLF on OTC markets) also announced post-bankruptcy plans. This week, Seadrill started trading again on the Oslo stock market. In the last 7-10 days, Seadrill has provided several contract updates. Some events are contract extensions, and others are new contract awards
https://www.seadrill.com/investors/news/