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 ...

The Gulf of Mexico led a small rig count jump this week as the offshore sector slowly picks up steam. The U.S. rig count counted a net gain of two active drilling rigs this week, including two in 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 ...