Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

Transocean currently owns 24 active deepwater rigs and Seadrill has 11 active deepwater rigs, so a combination of the two ...

Offshore rig values have declined almost 42 percent in 12 months, equating to a loss of around $30 billion. Offshore rig values have declined almost 42 percent in 12 months, equating to a loss of ...

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.

Massive, offshore rigs ... When a rig is left in the ocean to become a reef, fish populations around rigs can flourish, in part because of safety zones enforced by many countries that prohibit ...

Donovan works 12-hour shifts but gets three weeks of holiday every three weeks working on the rig. He said offshore isolation is tough, but it can also feel like summer camp without cocktails.

a semisubmersible drilling rig owned by a subsidiary of Diamond Offshore Drilling, Inc. (the “Company”), reported that the rig’s lower marine riser package (“LMRP”) and deployed riser ...

A noteworthy transformation is taking place in the global offshore rig market, where there is a shift in capital expenditure (capex) dynamics. This shift, highlighted in investment bank Evercore ...

In May 2011, China's National Offshore Oil Corporation (CNOOC) launched a semi-submersible oil rig designed to operate in depths of up to 3,000 metres under the ocean and drill to depths of 12,000 ...

Yet Kent Satterlee III, executive director of the Gulf Offshore Research Institute ... density of old about-to-retire rigs-lines up with the dead zone caused by nutrient runoff.

He was a supervisor on the Transocean-owned rig when it exploded 40 miles off the southeast Louisiana coast in 2010, killing 11 of his crewmates in the worst offshore oil disaster in U.S. history.

While U.S. oil-rig growth has plateaued, demand for offshore rigs for overseas drilling has swelled. That is causing day rates to skyrocket and the stocks of drilling contractors to soar.