The number of oil and gas rigs actively drilling in the U.S. remained unchanged at 551, Baker Hughes reported Friday in its latest weekly survey. During the week ended February 13, drilling rigs ...

Offshore drilling contractor Transocean has secured contract awards and extensions totaling approximately $184 million for two of its harsh-environment semisubmersible rigs operating in Norway. The ...

“This transaction creates a very attractive investment in the offshore drilling industry, differentiated by the best fleet, proven people, leading technologies, and unequalled customer service,” said ...

Bermuda-based drilling contractor Transocean has announced it is acquiring rival Valaris in an all-stock transaction valued at about $5.8 billion. The acquisition, if completed, will further ...

OMV awarded a contract to Noble Corp. for the Globetrotter I ultra-deepwater drillship. OMV Offshore Bulgaria GmbH, 100%-owned by OMV Petrom, drilled a dry hole in Han Asparuh Block 1-21 in the ...

Summary Finding 2.1: The flow of hydrocarbons that led to the blowout of the Macondo well began when drilling mud was displaced by seawater during the temporary abandonment process. 2,3 Summary ...

The Solveig Phase 2 project, which lies near the Edvard Grieg platform, adds about 39 MMboe of recoverable resources, adding to Aker BP's resource base in the North Sea. Aker BP ASA started oil ...

Bermuda-based drilling contractor Seadrill has secured a one-year extension with Norway’s Equinor for a drillship operating offshore Brazil. Seadrill has six drilling rigs active in Brazil on ...