Key market opportunities in the Saudi Arabia drilling rigs market include the integration of advanced technologies like IoT and AI, driven by megaprojects such as NEOM, fostering increased demand for ...

Offshore oil driller Transocean (NYSE:RIG) said Monday that it has inked a deal to sell 38 of its older shallow water drilling rigs for about $1.05 billion as it seeks to focus on the more lucrative ...

NEW YORKNEW YORK — Transocean, a major offshore drilling rig contractor, is selling 38 of its shallow water rigs to newly-formed Shelf Drilling International Holdings Ltd. for about $855 million in ...

RIG boosts its global presence with $89M in new contracts across Brazil, Norway and Romania, reinforcing demand for deepwater ...

OMV Petrom exercised a single-well option for the Transocean Barents drilling rig in Romania at a rate of $480,000/d.

Borr Drilling (NYSE:BORR) expects nearly a third of the global fleet of shallow-water rigs will be retired in the coming years, leading to higher daily leasing rates, CEO Patrick Schorn said Thursday.

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 ...

Transocean sells nearly a third of its rigs to focus on deepwater drilling. Transocean (NYSE: RIG) is finally making a big move to get rid of shallow water drilling rigs to focus on the ...

Willie Sutton robbed banks because that's where the money is. And oil companies venture into deep waters for exploration because that's where the oil is. That's why — even though President Obama has ...

Transocean (NYS: RIG) is finally making a big move to get rid of shallow water drilling rigs to focus on the ultra-deepwater market that is driving the industry. In a deal announced yesterday, the ...