Odfjell Drilling Ltd. ODL

The award extends the Deepsea Bergen’s firm contract backlog to Q1 2031.

Odfjell Drilling Ltd (ODFJF) reports robust Q2 2026 with revenue of $251 million and a 72% owned fleet EBITDA margin, despite a $35 million net cash impact from the Deepsea Atlantic incident.

The semisub Deepsea Mira in Walvis Bay, Namibia. (Photo Courtesy of Odfjell Drilling) There is a lot of excitement these days about off-shore oil discoveries at Namibia where a few companies gambled on luck and are cashing in. Waco economist Ray Perryman and Odessa oilman Kirk Edwards say the Southwest Africa nation next to the Atlantic Ocean now faces a promising future and the big challenges ...

Recent share performance and business profile Recent trading has put Odfjell Drilling (OB:ODL) on some investors radar, with the stock down about 5% over the past month and roughly 13% over the past 3 months. The company owns and operates mobile offshore drilling units in Norway and Namibia and reports annual revenue of $983.5 million and net income of $209.6 million, primarily from its Own Fleet segment. See our latest analysis for Odfjell Drilling. The recent share price has lost momentum,...

Odfjell Drilling Ltd (ODFJF) reports robust revenue growth and increased dividends, while addressing operational setbacks from the Deepsea Atlantic incident.

SFL Corporation Ltd. (NYSE:SFL) is one of the 10 Best Shipping Stocks to Buy According to Analysts. On March 6, 2026, SFL Corporation Ltd. (NYSE:SFL) stated that it obtained a drilling agreement in Canada for its semi-submersible rig Hercules, worth an estimated $170 million, for a minimum of 400 days. The contract will begin in […]

Odfjell Drilling will manage the rig on behalf of SFL as part of the contract.

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that it has signed a drilling contract in Canada with a large, investment grade multinational oil and gas company for the harsh environment semi-submersible rig Hercules. The estimated contract value is approximately $170 million for the minimum term of 400 days. The contract is expected to commence in the first quarter of 2027. The rig is currently in Norway and will be prepared for mobilization to Canada later this year.