Offshore Magazine: Assessing the state of the offshore drilling market

Join Cinnamon Edralin and Teresa Wilkie of Westwood Global Energy Group on Aug. 26 for an in-depth look at the cautiously rebounding offshore drilling market in 2025, where rising demand, evolving technologies, and shifting rig dynamics are reshaping the industry.

The offshore drilling market in 2025 is experiencing a cautious recovery, driven by sustained oil prices and increased demand for hydrocarbons, though it remains influenced by regional and operational dynamics. Cinnamon Edralin and Teresa Wilkie of Westwood Global Energy Group will provide an overview of the most active offshore drilling campaigns and provide an update on the changing rig contracting market and dayrates; the levels of demand for drillships, semisubmersibles, and jackups; and the latest technologies that are enabling offshore drilling rigs to access high-pressure, high-temperature reserves while reducing emissions.