Dubai, July 22, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") announces that the 90 day validity period of the Conditional Letter of Award received for the Platinum Explorer on 23 April 2025 has been extended by a further 30 days. All other terms and conditions remain unchanged. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading ...

Key Takeaways RIG added $199M in new contracts and extensions to its backlog during the second quarter of 2025. Transocean secured work from Equinor, Murphy Oil, Petrobras, and other clients across key offshore regions. The company's total backlog reached $7.2B as of July 16, reflecting strong demand for its advanced fleet.Transocean, Inc. (RIG) , an offshore drilling contractor, announced that it added approximately $199 million to its contract backlog in the second quarter of 2025. The company secured f ...

Group 1 - Noble Corporation plans to report its financial results for the second quarter of 2025 on August 5, 2025, after the U.S. market close [1] - A conference call regarding the second quarter results is scheduled for August 6, 2025, at 8:00 a.m. U.S. Central Time, with registration options available [2] - Noble Corporation is a leading offshore drilling contractor with a modern and advanced fleet, focusing on ultra-deepwater and high specification jackup drilling opportunities [3]

Company Overview - Transocean Ltd. is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in technically demanding sectors of the global offshore drilling business, particularly ultra-deepwater and harsh environment drilling services [3]. - The company operates the highest specification floating offshore drilling fleet in the world, owning or having partial ownership interests in a fleet of 32 mobile offshore drilling units, which includes 24 ultra-deepwater floaters and eight harsh environment floaters [4]. Upcoming Earnings Report - Transocean will report its earnings for the second quarter of 2025 on August 4, 2025, with a teleconference scheduled for August 5, 2025, at 9 a.m. EDT [1]. - Individuals wishing to participate in the teleconference should dial +1 785-424-1116 approximately 15 minutes prior to the scheduled start time and refer to conference code 125397 [2].

Core Insights - 2025 has been challenging for energy markets due to increased output from OPEC+ and signs of a global economic slowdown [1] - Escalating US trade tensions with other countries are contributing to the difficulties faced by the energy sector [1] Industry Summary - OPEC+ has raised output levels, impacting supply dynamics in the energy market [1] - The global economy is exhibiting signs of a slowdown, which may affect energy demand [1] - Trade tensions involving the US are further complicating the market landscape for energy companies [1]

Group 1 - Noble Corporation plc (NE) has commenced its drilling campaign at the Malampaya-Camago field offshore the Philippines, with the Noble Viking drillship contracted to drill three wells, including an option for a fourth well [1][9] - The Bagong Pag-Asa drill site marks the operational kickoff for the Malampaya Phase 4 (MP4) project, which is crucial for enhancing the energy security of the Philippines [2] - The Malampaya project has been operational since 2001 and at its peak supplied up to 40% of Luzon's energy demand, highlighting its significance in the Philippine energy landscape [2] Group 2 - Phase 4 of the Malampaya project involves drilling three specific wells: Camago-3, Malampaya East-1, and Bagong Pag-Asa-1, aimed at extending the gas field's life and increasing domestic energy production [3][9] - The Philippine Department of Energy (DoE) anticipates the first gas from the project by the fourth quarter of 2026 and is committed to supporting the project to ensure a reliable energy future [4] Group 3 - The Noble Viking drillship, operational since 2013, can drill at depths of 12,000 feet and has a maximum drilling depth of 40,000 feet, accommodating up to 230 personnel [5]

Core Insights - Transocean, Inc. has secured a drilling assignment in the Norwegian Sea from Equinor ASA, with drilling activities expected to commence in July 2025 [1][2][7] Group 1: Drilling Assignment Details - Equinor has received a drilling permit from the Norwegian Offshore Directorate for wellbore 6506/12-PB-3 H, where the Transocean Encourage rig will be utilized [2][3] - In 2023, Transocean secured a nine-well contract for the Encourage rig in the Norwegian Continental Shelf, which includes an option for six additional wells [2] Group 2: Rig Specifications - The Transocean Encourage semi-submersible rig features a GVA 4000 NCS design, suitable for harsh environments, and includes automated drilling control [3][7] Group 3: Stakeholder Information - The wellbore 6506/12-PB-3 H is located within production license 094, operated by Equinor, which holds a 40.95% stake, alongside partners Vår Energi, Petoro, and TotalEnergies EP Norge [3][7]

Financial Highlights - Noble Corporation's market capitalization is $6.2 billion[6] - The company's 2023 Free Cash Flow (FCF) was $184 million[6] - The company's 2023 Adjusted EBITDA was $810 million[6] - The company's backlog stands at $4.6 billion[6] - The company's quarterly dividend is $0.40[6] - The company's 2023 Adjusted EBITDA margin was 31%[6] Market Overview - Average deepwater greenfield investment is expected to increase by 60% in 2025-27 compared to 2021-24[9] - Tier-1 Ultra-Deepwater (UDW) marketed utilization is at 100%[14] - Total UDW marketed utilization is at 97%[14] - Total floater marketed utilization is at 95%[14]

Capital Markets Day NYSE: RIG January 2024 AGENDA Prepared Remarks Q&A Lunch 2 • Company Overview • Jeremy Thigpen – Chief Executive Officer • Operations Update • Keelan Adamson – President and Chief Operating Officer • Global Marketing Update • Roddie Mackenzie – Executive Vice President and Chief Commercial Officer • Financial Update • Mark Mey – Executive Vice President and Chief Financial Officer LEGAL DISCLAIMER Forward-Looking Statements This presentation, or referenced documents, do not constitute an ...

Core Insights - Noble Corporation has garnered interest due to its position in the offshore drilling industry, particularly highlighted through the analysis of 13F filings from notable investment figures [1]. Company Analysis - The offshore drilling industry is currently under scrutiny, with various earnings calls providing insights into market dynamics and company performance [1]. Industry Overview - The research into the offshore drilling sector indicates a complex landscape influenced by market trends and investment behaviors, necessitating thorough analysis for potential investment opportunities [1].