He was just a country boy. He became a well digger, and he built a horse farm for racing. But with the sale of a used water drilling rig a decade ago, his life changed forever. Now 72-year-old Ken ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Reporting from Washington — Oil and gas companies have told the Obama administration that environmental regulations for deep-water drilling rigs do not immediately need to be toughened because the ...

(TNS) — Deep-water drilling rigs face "shortfalls and real challenges" against cyber attacks and hacking, according to a two-year cybersecurity study. Naval Dome, an Israeli and Cambridge, Mass.-based ...

Offshore drilling giants Transocean, Noble and Valaris are ready to reactivate their hibernating deep-water drilling rigs as soon as the right customers materialise offering strong contracts. Demand ...

MEXICO CITY, Nov 19 (Reuters) - Mexico's state oil company Pemex has tendered for five shallow water drilling rigs to help maintain production capacity at its existing offshore oil production ...

Equinor ASA EQNR received approval from the Norway offshore safety regulator to use a semi-submersible rig for production drilling at the North Sea field. The approval received involves production ...

Another deep-water drilling rig is leaving Norway, with Transocean today announcing a new contract in Australia for one of its semi-submersible rigs. The drilling contractor said it had received a ...

Rental rates for deep- water drilling rigs continue to surge as a worldwide shortage of vessels used to search the oceans for oil outweighs the biggest drop in crude prices in a quarter-century.

Los Angeles-based Charger Investment Partners has completed the acquisition of Versa-Drill, a market-leading designer and assembler of premium drilling rigs used in water well, geothermal and cathodic ...