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 ...

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’ ...

U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of ...

Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been selected by ...

Noble Corporation's shares have risen by about 50% over the past year, reflecting the recovery in the offshore drilling sector. The company reported solid financial results, with adjusted EPS of $0.38 ...

The Eureka City Council took steps toward preventing offshore drilling support from being located in Eureka on Tuesday night, ...

Leading offshore rig contractors have submitted offers to India’s Oil & Natural Gas Corporation (ONGC) for potential charter contracts involving up to four jack-up rigs that are likely to be deployed ...

The offshore division of Arab Shipbuilding and Repair Yard (ASRY) in Bahrain is on track to deliver its 200th project milestone in the first quarter of 2026. It will be a landmark achievement for ASRY ...

For many years, oil analysis has been a crucial tool for routine maintenance and cost prevention on oil rigs. Equipment failures on these rigs pose significant safety risks and can lead to missed ...

This week's offshore rig review focuses on the construction trends and costs that have shaped the competitive rig fleet over that last 30 years and those that are shaping it today. We recently spent ...