My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Rig owners can look forward to rising dayrates as oil and gas companies step up investment decisions and ...

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Offshore drilling giants Transocean, Noble and Valaris are ready to reactivate their hibernating deep-water ...

NEW ORLEANS — A deep-water oil platform that burned for more than a day after a massive explosion sank into the Gulf of Mexico on Thursday, creating the potential for a major spill and underscored the ...

Deep-water oil rig owner Transocean Ltd. agreed to acquire rival Valaris Ltd. in an all-stock deal valued at $5.8 billion as offshore drilling activity heats up. The deal will create the world’s ...

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy — including some strange sources being explored — is still a long way away.

An increasingly hot-button issue, oil rigs have become the physical embodiment of larger economic and environmental debates, garnering praise from conservative politicians and the ire of environmental ...

Oil rigs, particularly the offshore type, are one of the most fascinating parts of the global energy industry. How do they work? How big can they get? Do they float on water? It's not surprising that ...

(Update) June 10, 2025, 5:14 PM EST: Article updated with DOE statement. North America cut two rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published ...