U.S. Gulf Buoyed After Recent Lease Sale

December 17, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Deepwater-focused Seadrill Limited (London, England) said Tuesday it awarded two months-long contracts for its drilling rigs off the U.S. Gulf Coast, the only source of oil production growth to next year.Seadrill said it awarded LLOG Exploration (Scott, Louisiana) a contract to use the West Neptune rig for drilling off the U.S. Gulf Coast. The ultra-deepwater drillship can operate in waters as deep as