RIG is expected to have earned higher revenues than the year-ago level. Despite this revenue growth, it is likely to have ...

Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter ...

Tidal Action ultra-deepwater drillship has embarked on a voyage from South Korea to Brazil to start its maiden job at ...

On a weekly U.S. oil production basis, volumes reached an all-time high of 13.63 million barrels per day in early December ...

The ENSCO 8500 Series deepwater semisubmersibles are an enhanced version of the ENSCO 7500. The 8500 Series rigs will be capable of drilling in up to 8,500 feet of water, and can readily be ...

The ultra-deepwater drillship Atlantic Zonda has started its long awaited drilling assignment for Brazil’s top player ...

operations and environmental protection for drilling deepwater wells.” The new build rigs will be constructed at the Daewoo Shipbuilding and Marine Engineering Co., Ltd. facility at Okpo ...

Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry. The Tidal Action is built ...

Oil and gas drilling activity in Louisiana is continuing to slump, mirroring broader national trends, according to data from ...

GlobalSantaFe has signed agreements with BHP Billiton to extend the contracts of two ultra-deepwater drilling rigs in the U.S. Gulf of Mexico for additional four- year terms with a combined total ...