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 ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

When a Texas oil company first announced controversial plans to reactivate three drilling rigs off the coast of Santa Barbara ...

Rig utilisation has returned to pre-Covid levels, pushing dayrates up by 40% in the past year, while demand is forecast to increase another 20% percent from 2024-2025, according to consultants Wood ...

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 ...