Even as it faces $50 billion in potential liabilities from the worst U.S. offshore oil spill, BP Plc is leading the effort to extract crude from deep below the sea, a place as extreme and inhospitable as the surface of Mars.

Maersk Drilling on Monday announced that it has taken delivery of its first ultra deepwater drillship, Maersk Viking, from Samsung Heavy Industries (SHI) shipyard in South Korea.

New "OVERDRILL" design promises increased variable deck load capacity, reduced overall dimensions, and increased efficiency.

Drilling contractor Pacific Drilling (NYSE: PACD) is kicking off 2013 by continuing on an aggressive ultra-deepwater drillship expansion program, announcing Tuesday that it has exercised an option to construct its...

It has been said that the technology used to drill ultra-deepwater oil and gas wells rivals that of NASA.  Sometimes those comparisons are more literal than you might expect. Here’s...

HOUSTON–The global quest for deepwater oil and gas fields continues unabated, despite recent economic turmoil and concerns about where energy prices might go. In the second quarter, offshore-drilling contractors posted...

Royal Dutch Shell has won a $970 million bid (NS 11-1) for exploration rights offshore Nova Scota, says the Canada – Nova Scotia Offshore Petroleum Board (CNSOPB). This 9-year license covers...

K Line Offshore’s KL Sandefjord just completed sea trials and set the new world record at 430 tons (390 metric) for a bollard pull by an anchor handling vessel on...

HOUSTON, TX, Dec 14, 2010 (MARKETWIRE via COMTEX) — Pride International, Inc. (NYSE: PDE) today announced that the company has reached agreement with Samsung Heavy Industries, Ltd. (SHI) for the...

But what’s the deal with the mystery behind this merger?  According to BW Offshore’s website, Australia, Canada, Japan, and the United States are not privy to this deal.  Like their...

Transocean’s CEO Steven Newman; Ricardo Rosa, Senior Vice President and Chief Financial Officer; Ihab Toma, Senior Vice President of Marketing and Planning; and Terry Bonno, Vice President of Marketing discussed...

About a week or two before the drilling moratorium was lifted in the Gulf of Mexico, the Statoil-contracted Discoverer Americas pulled anchor and motored east loaded to the gills with their...