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Global and Regional Markets

Hess announces discovery at Whiptail well offshore Guyana

The Whiptail-1 well encountered 246 ft (75 m) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which is located 3 miles northeast of Whiptail-1 and has encountered 167 ft (51 meters) of net pay. Drilling continues at both wells to test deeper targets, and results will be evaluated for future development.

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Cathedral Energy Services acquires Precision’s directional drilling business

As part of the transaction, Cathedral and Precision have entered into a strategic marketing alliance that is expected to support both parties’ technology initiatives. Precision’s Alpha digital technologies (AlphaApps, AlphaAutomation and AlphaAnalytics) are focused on automation and drilling performance, while Cathedral offers downhole equipment.

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Transocean secures contracts for nine rigs, boosts backlog to $7.3 billion

Among the deals announced in the company's latest fleet status report are a one-well option with BHP for the Deepwater Invictus drillship in the US Gulf of Mexico and a 370-day option with TotalEnergies for the Deepwater Skyros drillship in Angola. Equinor and POSCO also exercised options for the Transocean Spitsbergen and Deepwater Nautilus semisubmersibles, respectively.

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