It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you ...

WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...

We still hold the view that top tier drillers like PDS are undervalued relative to their earnings potential and are now selling at a discount. The rig count is unlikely to rise significantly from the ...

The owner of the harsh-environment semisub Deepsea Bollsta is the Norwegian company Northern Ocean. Both companies announced ...

Borr Drilling has entered into an agreement to sell its cold stacked jack-up drilling rig Atla to a mystery independent operator. Completion of the sale is expected before year-end. Together with the ...

CALGARY, AB, Nov. 3, 2025 /CNW/ - STAMPEDE DRILLING INC. (TSXV: SDI) ("Stampede" or the "Corporation") is pleased to announce that it has successfully completed the sale of certain drilling components ...

Precision Drilling CorporationPDS has announced the sale of five drilling rigs and ancillary equipment based in Mexico. The cumulative value of these transactions is $48 million. Till date, the ...

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has announced that it has closed on the previously disclosed transaction to sell 38 shallow water drilling rigs to Shelf Drilling Holdings, Ltd. ("Shelf ...

Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the ...

RIO DE JANEIRO, May 17 (Reuters) - Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE.O), opens new tab (NFE) which it will convert ...