WEBINAR

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.

August 26, 2025

3:00 PM UTC

1 hour

August 26, 2025

11:00 AM ET / 10:00 AM CT / 8:00 AM PT / 4:00 PM GMT

Duration: 1 hour

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Summary

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.

Speakers

Cinnamon Edralin

Americas Research Director for RigLogix

Westwood Global Energy Group

Cinnamon Edralin is Americas Research Director for RigLogix, a division of Westwood Global Energy Group, and has been covering the offshore rig market since 2006. She began her career with ODS-Petrodata, which was acquired by IHS (later becoming IHS Markit), where she managed the Americas offshore rig team, along with the Americas marine team and the US/Canada land rig team. Edralin then moved to Esgian, where she helped raise brand awareness for offshore rig services and supported the offshore wind market team. She joined Westwood in 2023 and provides support for the subsea team in addition to her rig analyst duties. Edralin holds a BA in Liberal Arts from the University of St. Thomas in Houston, Texas.

Teresa Wilkie

Director of RigLogix

Westwood Global Energy Group

Teresa Wilkie has been working as an analyst in the oil and gas industry for thirteen years with companies such as IHS, Westwood Global Energy and Bassoe Offshore/Esgian. Her focus has been predominantly on the offshore rig market during this time, but she also spent several years tracking the subsea vessel and accommodation rig markets. In early 2022, Wilkie took on the role of Director for RigLogix, which is Westwood’s offshore rig data tool, leading a team of four analysts, developing new products and offerings for clients while also continuing to track and analyze the offshore rig market as part of the team based out of Aberdeen.