Ever wondered what it’s like to live and work on a massive structure floating in the middle of the ocean? Welcome to the ...

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, has announced the following: $1.35 billion Bank Facility The Company announced that it has signed a supplemental ...

Crude prices maintained their gains Friday after Baker Hughes reported that active US oil rigs fell to a 3-1/2 year low, a harbinger of lower future US crude production. Don’t Miss a Day ...

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.

North Dakota oil and gas operators are preparing to reduce rigs and hydraulic fracturing crews due to falling oil prices, according to the state’s Department of Mineral Resources. With prices dropping ...

An increasingly hot-button issue, oil rigs have become the physical embodiment ... and remove all infrastructure from the ocean floor. The most expensive stage is plugging the well, which entails ...

The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last ...

U.S. energy producers this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid-April, energy services firm Baker Hughes said in its ...

Baker Hughes reported last Friday that active US oil rigs in the week ending May 9 fell -5 to 474 rigs, just above the 3-1/4 year low of 472 rigs posted on January 24. The number of US oil rigs ...

Marketed as unsinkable, the Ocean Ranger vanished beneath the waves during a brutal storm—killing all 84 aboard. Court lifts block on Trump order to strip federal workers of union rights 'He ...

For the week ended May 16, the rig count in Canada stood at 121, according to Baker Hughes data. There were 6 additional oil-directed rigs working in Canada last week and 1 additional gas-directed ...