offshore drilling

OSLO, Feb 16 (Reuters) – Global offshore drilling rig rates will remain at loss-making levels as the market continues to suffer from overcapacity,

OSLO, Feb 11 (Reuters) – As much as one third of the global offshore fleet of oil drilling rigs could be idled in 2016 as energy firms scale back

By David Wethe (Bloomberg) — Diamond Offshore Drilling Inc. is turning over care and handling of the massive rig safety devices designed to stop well

By Jennifer A. Dlouhy (Bloomberg) — Environmentalists emboldened by President Barack Obama’s rejection of the Keystone XL pipeline are now trying to

by Mikael Holter (Bloomberg) Transocean Ltd., the biggest offshore-rig operator, won a contract to drill four wells off Norway for Det Norske Oljeselskap ASA

By Luca Casiraghi and Mikael Holter (Bloomberg) — Pareto Securities AS is among banks targeting debt funds and private-equity firms to buy oil rigs at

Singapore’s Keppel Offshore & Marine, the world’s largest rig builder, says it has entered into an agreement for the acquisition of

Stena Drilling has pleaded guilty in Australia to charges related to a fatal accident on board its Stena Clyde semi-submersible drilling rig in 2012 in which

by Ehab Farouk and Ahmed Aboulenein (Reuters) – Egypt’s oil ministry said on Monday it had signed an energy exploration deal with Italy’s Eni

byBen Sharples (Bloomberg) — Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since

The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, said Claus Hemmingsen,

"Offshore energy exploration and production could be an economic game changer for South Carolina," says Congressman Jeff Duncan (R-SC) in a press statement

The Obama administration on Tuesday proposed allowing for the first time oil and gas exploration in a wide swath of U.S. waters off the Atlantic

The U.S. Interior Department will lay a framework as soon as Tuesday for oil exploration in the nation’s coastal waters in a five-year plan that is expected

Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an

Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data

Norway's Statoil risks millions of dollars in extra costs in Canada - a test case that could spell problems for other oil firms too as coastal states extend

In a bold move of aggression on Saturday morning, Spanish Navy rigid-hulled inflatable boats repeatedly slammed into Greenpeace protesters off the Canary

For the Transocean Spitsbergen and the Songa Trym, 2014 will end mid-November. Due to overcapacity in Statoil’s rig portfolio, the company has decided

For the past 70 to 80 days, a meander of the North Atlantic gyre has put offshore drilling on hold for many deepwater drilling rigs within the Green Canyon,