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.

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 ...

Valaris Ltd, the Bermuda-headquartered offshore drilling company, has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash. The sale is expected to close ...

Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a two-year contract offshore West Africa for drillship VALARIS DS-10 that is expected to ...

Offshore rig market faces a challenging year ahead, with falling dayrates and weak demand amid contract suspensions and oversupply. COSL's semisub Nanhai-8 was recently chartered by Petrobras for ...

Together, the offshore business centers in India earned about $65 billion last year, more than the value of American imports to India. By 2030, they are expected to earn $100 billion or more.

Offshore Oil Rig: Jack-Up Rig Operations and Energy Production. Posted: March 12, 2025 | Last updated: March 12, 2025. This repetitive footage from the 1980s offers a detailed and consistent view ...

Petroleo Brasileiro SA has requested authorization from Brazil’s environment protection agency to prepare a drilling rig for work at a disputed offshore exploration project, a sign that the ...

Migrating whale sharks make pit stops at oil and gas rigs. The human-made structures act as artificial reefs, luring the plankton the giant fish like to eat ...

SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Transocean Ltd ...