2024 has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Analysts wonder whether oil prices will remain high enough to support the ...

Velesto Energy Bhd has secured its first asset-light rig contract from Hibiscus Oil & Gas Malaysia Ltd for an offshore ...

President Joe Biden has taken a significant step to reshape U.S. energy policy by banning new offshore oil and gas drilling across 625 million acres of federal waters. This sweeping prohibition, ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Arabian Drilling is a leading onshore and offshore drilling contractor headquartered in Al Khobar, Saudi Arabia, which ...

An oil platform off the coast of Carpinteria caught fire Monday morning, triggering a response from the U.S. Coast Guard and ...

Transocean Ltd. (NYSE:RIG) slid after reporting its Q1 2026 results on May 4, with the company’s adjusted loss per share of ...

Offshore drilling contractor Transocean (NYSE:RIG) announced in Q1 CY2026, with sales up 19.3% year on year to $1.08 billion. Its non-GAAP loss of $0.03 per share was significantly below analysts’ ...

A key objective is to manufacture domestic equipment and create technologies in Russia for deep-sea drilling and operations in ice conditions, Russian presidential aide and Russian Maritime Board ...

Annualized pay depends on rotation and time on rig. A common approach for day-rate roles is: \( \text{Annualized} \approx \text{Day Rate} \times \text{Days Worked per Year} \). For equal-time ...