By Kelly Gilblom and Nejra Cehic (Bloomberg) — Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018, companies from Royal Dutch Shell...

By Serene Cheong, Sharon Cho and Dan Murtaugh (Bloomberg) — Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay. Pumping crude...

March 28 (Reuters) – Ocean RIG UDW Inc, a Cyprus-based rig contractor, filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the...

by Adam Williams (Bloomberg) Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in Mexico’s deepwater oil areas, according to a person with...

By Adam Williams (Bloomberg) — Mexico’s state-owned oil company is taking deepwater development off its plate for now. Driven to rip $5.5 billion out of its budget this year to...

Pacific Drilling SA, an offshore oil-rig contractor, is gaining notice as a takeover candidate.

Hess, along with their joint venture partners Union Oil (Chevron), Statoil and Nexen, all of which have a 25 percent working interest, have reached a final investment decision to proceed...

Gulf of Mexico-focused deepwater exploration and production company Venari Resources says it has raised an additional $1.3 billion in equity commitments bringing the total raised to $2.4 billion less than two and a half years of the company was formed.

  The George Bush Library and ENSCO put together the following video going into detail the day-to-day operations on board the ENSCO DS-5, an ultra-deepwater drillship built by Samsung Heavy...

Drilling in deepwater is a fairly complicated for a number of reasons. 1) You’re floating in the ocean while maintaining exact position over the well located over a mile and...

When geologist Robert Ryan started his career in the 1970s, 600 feet was considered “deep water,” shale was useless rock and oil didn’t exist below the salt layer. Man has that changed.

Lee Freeman, Captain of Seadrill’s record-breaking rig West Pegasus provides us with the following update via satellite. On 28 January 2011, the first crew members arrived at Jurong shipyard in...

RIO DE JANEIRO–Global energy needs will continue to drive demand for the specialized drilling rigs needed to tap ever-deeper offshore oil fields through the end of the decade, fueling increases in daily...

HOUSTON (Dow Jones)–Saudi Aramco, the world’s largest oil producer, plans to drill its first deepwater exploratory well in the Red Sea by year-end, a company executive said Tuesday. “We are...

The U.S. offshore regulator, Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), has completed its first post-Macondo unannounced spill drill to test the new requirements of sub-sea containment capabilities...

By Angel Gonzalez An internal investigation by Transocean Ltd. determined that a series of risky decisions made mostly by BP PLC led to the Deepwater Horizon oil-spill disaster, contrasting with...

Speaking at the IADC World Drilling Conference in Copenhagen, Douglas-Westwood’s CEO, Andrew Reid, outlined the impact emerging markets will have on global drilling activity in the coming years. The Arctic...

The U.S. House of Representatives has voted to impose deadlines on the Obama administration to issue offshore drilling permits, as Republicans renewed calls for greater amounts of domestic oil production...

Seadrill, through its affiliate Sea Dragon de Mexico, has settled the final agreement with Pemex for the provision of the ultra-deepwater semi-submersible drilling rig West Pegasus (previously Seadragon I). The...

Samsung Heavy Industries has received a contract to build two additional deepwater drillships for Seadrill worth US$1.08 billion.  Seadrill has already received 3 drillships of the same class from SHI,...