Diamond Offshore Drilling reported better-than-expected Q4/2023 results and guided Q1 and FY2024 largely in line with muted expectations. Read more here.

There are three ways to turn a rig into a reef. It can be towed away to a designated reef area elsewhere in the Gulf. Sometimes it can be left in place, if it’s at least 85 feet below the surface.

Noble's stock surged 50% as offshore drilling sector rebounds. It is well-positioned to benefit from the increasing demand for offshore rigs. Read more here.

Recovery is a double-edged sword. Despite the healthier offshore rig market there are headwinds. Cost inflation plagues the industry. Materials, logistics and labour are pressure points throughout ...

Long before offshore oil rigs are put together, much less sent out into the open ocean, they're expertly designed. Schematics are drawn up, and in many cases, engineers will take these plans and ...

April 20 marked 15 years since BP’s Deepwater Horizon rig exploded, releasing 134 million gallons of oil off the coast of Louisiana in the country’s largest oil spill.. Oil gushed for nearly ...

An offshore oil rig worker's typical day is based around 12-hour shifts, seven days a week. This is often organized as two weeks on and three weeks off. Some guys refer to this as a 14/21 shift.

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

The money is good as well. An offshore worker can earn from £5,000 to £15,000 every three-week shift, depending on their trade and experience.. Rigs have lonely moments, but everyone is family ...

Offshore oil rigs are like small towns out on the water. Here's how many people you can expect to find out there, and how long they stay before a break.

BEIRUT — An offshore drilling rig arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas, cabinet ministers ...

A drilling rig arrived off Lebanon's coast on Aug. 16, 2023. The rig is set to begin operations in the coming weeks. The rig will drill near the country's border with Israel.