The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the ...

The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a ...

Some of the biggest US shale-oil producers plan to slash about 4% of their drilling rigs by the end of the year, according to a survey from one of the largest providers of the equipment.

Witness the impressive scale and engineering of offshore oil platforms with this captivating drone footage, capturing these industrial giants rising from the vast expanse of the sea. Explore the ...

FILE - A plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig in the Gulf of Mexico on April 21, 2010. (AP Photo/Gerald Herbert, File) NEW ORLEANS (AP) — Fifteen years ...

NEW ORLEANS — (AP) — Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast ... the effects of the nation's worst offshore oil spill are still being felt.