Transocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM. Norwegian operator Aker BP has extended the contract for Saipem’s 10,000-ft semisub ...

The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa, and renewed ...

Explore what topside means for offshore rigs. Understand its structure, key components, and importance in oil extraction ...

OSLO, Norway (AP) – Statoil on Wednesday evacuated 326 oil rig workers from a North Sea platform after the structure began to tilt, the Norwegian oil company said. Company spokesman Ole Anders Skauby ...

One of the rigs, called Phobus, is being built in Mississippi, The Sun Herald reported. The oil rig was towed all the way from Texas to Pascagoula, ST Engineering's VP of operations said. See more ...

According to a recent Wood Mackenzie report, floating rig utilization has rebounded to levels last seen before the COVID-19 pandemic, with rates experiencing a 40% surge over the past year. According ...

The contractor posted net income for the period of $174 million, or $0.68 per share, compared with $127.6 million, or $0.50 per share, for the same period a year ago. The most recent quarter included ...

The plane sent out by Diamond Offshore Drilling after Hurricane Lili passed made the dismaying discovery that there was only empty water where the drilling rig Ocean Lexington had been. It immediately ...