30 years ago today the Ocean Ranger, a semisubmersible drilling rig, sank during a vicious winter storm while drilling an exploration well off the coast of Newfoundland, killing all 84 crew members onboard.
Considered the world’s largest and most advanced oil rig of her time, the Ocean Ranger disaster left the industry puzzled and prompted hard look into how a disaster of this proportion could happen. The investigations that followed revealed a load of problems from mechanical and design problems to poor training and inadequate lifesaving equipment.
Here is part 1 of a 6 part series that looks into the anatomy of the disaster that changed Canada’s offshore oil and gas industry forever. Watch Part II.
Transocean and Valaris have agreed to merge in an all-stock deal valued at about $5.8 billion, creating a $17 billion offshore drilling giant with a 73-rig fleet and an industry-leading $10 billion backlog.
The Bureau of Ocean Energy Management (BOEM) plans to auction roughly 80.4 million acres of federal waters in the Gulf of America next month, advancing the Trump administration’s accelerated offshore oil and...
Beacon Offshore Energy LLC, an oil explorer backed by Blackstone Inc., is betting on a drilling renaissance in the Gulf of Mexico as it starts up some of the most productive wells in the US using new technology to pump once-impossible-to-reach crude.
November 24, 2025
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