It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you ...

WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...

Sembcorp Marine Ltd. Friday said it has signed a deal worth over $1.3 billion with Borr Drilling Ltd. to sell nine jack-up oil drilling rigs. The nine vessels will be delivered to Borr Drilling over ...

Weatherford closed a $32 million deal on Monday afternoon to sell four of the company's drilling rigs in the North African nation of Algeria and the Middle Eastern nation of Iraq. Headquartered in ...

In the second of a series of closings under one transaction, ADES acquires 11 drilling rigs from Weatherford International. Weatherford International plc has completed the sale of its Saudi Arabia ...

Caturus Energy has announced a multiyear contract with Nabors Industries for the deployment of the onshore drilling rig PACE-X Ultra X33. Caturus executes long laterals and deep, high-pressure wells ...

Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the ...

The all-cash transaction divests a non-core asset and significantly deleverages Maersk Drilling's balance sheet, Maersk Drilling said. Maersk Drilling has closed the divestment of the combined ...

WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...

RIO DE JANEIRO, May 17 (Reuters) - Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE.O), opens new tab (NFE) which it will convert ...