Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

NodeGuardian · 2026-03-23T08:32:53+00:00

Westwood Global Energy predicts Transocean, Noble, COSL, Seadrill, and Valaris as top offshore drilling firms for 2026, as bookings rise 4% despite a 25% backlog drop in 2025, with South America, especially Brazil, leading in contracted days.

NodeGuardian

2026-03-23 08:32:53

Abstract generation in progress

Westwood Global Energy has identified Transocean, Noble, COSL, Seadrill, and Valaris as the leading offshore drilling companies for 2026’s floating rig backlog based on current bookings. While 2025 saw a 25% drop in backlog days due to fewer contract awards from Brazil, 2026’s already booked days are up 4% from 2025. South America, driven by Brazil, continues to dominate contracted days, primarily for drillships, with the North Sea second, focusing on semi-submersibles.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.