Between this, paying laborers, maintaining the rig, and other associated costs, offshore oil drilling can get absurdly expensive. With such major costs involved, it's no surprise that the hope is ...

Transocean Ltd. RIG has officially commenced operations for British energy major BP p.l.c. BP in the Gulf of America (formerly the U.S. Gulf of Mexico). This milestone marks the beginning of a ...

The rig count in Canada ended the week with 7 additional rigs running. For the week ended May 16, the rig count in Canada stood at 121, according to Baker Hughes data. There were ...

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the ...

Saudi Arabian state-owned oil giant Aramco has signed contract extension with ARO Drilling, its 50-50 joint venture with ...

ADNOC Drilling has been awarded a contract for three island rigs by ADNOC Offshore, valued approximately $806 million, to ...