Did you know that after the completion of the construction of one of the tallest buildings in the world - the Empire State Building - many people were afraid to get close to it? They believed that a ...

Sahara Group's ambitious expansion plan to raise its crude oil production to 350,000 barrels daily within the next five years ...

SETE Brasil, the rig-chartering entity conceived by Petrobras, is attempting a restructuring process that will determine the survival, or otherwise, of Brazil’s ambitious domestic rig-building ...

Nigeria's upstream oil sector is showing strong signs of recovery, with a 66% surge in active oil rigs reflecting renewed ...

Singaporean conglomerate Keppel Corp said on Thursday its struggling offshore and marine (O&M) segment will exit the rig-building business and shift its focus to infrastructure projects, including ...

Later today, oil services and technology company Baker Hughes will release its U.S. rig count, which is the tally of active oil rigs in the country. Since the spring, rig count has declined, reaching ...

As of this writing, about 600 oil rigs in the Gulf of America have been fully converted into artificial reefs. Yet, only 1,100 of 7,000 original platforms remain. Sadly, only 20% of rigs currently ...

The US drilling rig count decreased by 7 units during the week ended Apr. 11 to reach a total of 583 rotary rigs working, Baker Hughes Inc. reported. That compares with 617 rigs working in the ...

The British government came under fire on Thursday after newspapers revealed it had studied housing asylum seekers on disused oil rigs, banishing them to camps in Moldova or Papua New Guinea, or ...