Did you know that after the completion of the construction of one of the tallest buildings in the world - the Empire State Building - many people were afraid to get close to it? They believed that ...

The drilling rig in the yard is a small setup, something like what a construction company might use to drill micro piles for a foundation or what researchers would use to take geological samples.

Transocean said in its Q2 fleet status report that it secured two extensions and two new contracts for four of its rigs, adding $199M to total backlog.

Charger Investment Partners acquires Versa-Drill, a leading manufacturer of drilling rigs for water well, geothermal, and cathodic protection applications, to support its growth and innovation.

"A single rig can drill multiple horizontal wells from the same surface location, requiring fewer rigs to produce the same amount (and even more) of oil and gas compared with vertical drilling.

By using drilling technology advanced by the oil and gas industry, Fervo is drilling deeper, drilling sideways and drilling in new places to unlock new reserves of heat energy.

ADNOC Drilling has signed a $112 million agreement to acquire a 70% stake in SLB’s onshore drilling rig operations in Kuwait and Oman, marking a major step in the company’s international ...

ADNOC Drilling will acquire a 70% stake in oil services firm SLB's onshore rig business in Oman and Kuwait for up to $112 million, creating a joint venture it seeks to double in the next year, its ...

Shipbroking group SSY is starting a new offshore drilling rig business, two years after breaking into brokerage for offshore support vessels. The business will be headed by new hire Nicholas ...

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.

Witness an extraordinary engineering achievement as Vietnamese engineers take on the challenge of installing a massive drilling rig in the challenging conditions of the East Sea. This video ...