While there are some indications that bidding activity has started increasing ever so slightly in the offshore drilling space, it’s largely a foregone conclusion that 2017 will be one of the worst years the segment has endured in decades. This reality is set to create further pains for a number of offshore drilling companies, and that could very well include Seadrill Ltd. (NYSE: SDRL), which has at least eight more vessels set to come off contract by the end of July.