Deepwater drillers see bright outlook in next few years, citing high rig demand, scarce supply

Deepwater drillers Transocean and Valaris see a bright outlook for rig assets in global markets over the next few years, with increasing demand from recent discoveries and development projects as supply continues to tighten, the companies’ CEOs said in separate first quarter earnings calls May 2. As one of many measures of the buoyant market for deepwater oil and gas,…