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 ...

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 ...

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

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 ...

As SpaceX focuses on sending its giant Starship into orbit next month from Boca Chica, it’s stepping away from the notion of conducting launches from offshore platforms in the Gulf of Mexico — for now ...

LONDON (AP) — Two tugboats have moved into place to re-float an oil rig that was blown onto a remote Scottish beach in a storm. The Transocean Winner was being towed when it broke free of its tug and ...

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 ...

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 ...