Transocean (NYSE:RIG) maintains the top spot in the offshore drilling market with more rigs than its closest competitors, Ensco (NYSE:ESV) and Noble (NYSE:NE), and appears well on its way to holding this spot for years to come. With a laser-like focus on ultra-deepwater and high-specification jack-up rigs; a $30 billion backlog; and a reliable customer base, Transocean's future is as bright as one could hope for in this oil and gas services space. In the video below, Fool energy analyst Taylor Muckerman takes an in-depth look at these players.

Joel South owns shares of Halliburton. Taylor Muckerman owns shares of Ensco. The Motley Fool owns shares of Halliburton, Transocean, and Seadrill. Motley Fool newsletter services recommend Halliburton Company and Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.