
Qatar’s state-owned energy giant QatarEnergy has inked an agreement with U.S.-headquartered oil major Chevron to buy a working interest in the concession agreement for a block in the Mediterranean Sea offshore Egypt.

Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.