Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

Diamond Offshore Drilling reported better-than-expected Q4/2023 results and guided Q1 and FY2024 largely in line with muted expectations. Read more here.

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices, sending its shares ...

In a note sent to Rigzone by Wood Mackenzie recently, the company’s Principal Analyst of Upstream Supply Chain, Leslie Cook, said Wood Mackenzie has been predicting offshore rig market ...

Borr Drilling disclosed new contract awards, announced management changes, and bolstered liquidity. Read why BORR stock is a ...

Headquartered in Steinhausen, Switzerland, Transocean Ltd. (NYSE:RIG) provides offshore contract drilling services for oil and gas wells. On March 22, 2024, Transocean Ltd. (NYSE:RIG) stock closed ...

Offshore oil rigs are like small towns out on the water. Here's how many people you can expect to find out there, and how long they stay before a break.

An oil rig in the Gulf of Mexico, off the coast of Holly Beach, Louisiana. The Gulf is one of the richest deposits of offshore oil and gas in the world, and almost 600 unused rigs have been left ...

SAN FRANCISCO (MarketWatch) -- The number of rigs drilling for oil and gas in North America fell by 24 to 1,535, according to a weekly update Friday by Baker Hughes N. American rig count falls by ...