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Drilling companies eye enduring upswing ahead

Valaris and Transocean increased their earnings in Q1 and both guide for bolstered drilling demand in the time to come.

Photo: Gerald Herbert/AP/Ritzau Scanpix

by DANIEL LOGAN BERG-MUNCH

The market of offshore drilling for oil and gas is entering a lasting upswing, propelled by strong demand, according to drilling firms Transocean and Valaris after strong first-quarter results at both companies.

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