As SpaceX focuses on sending its giant Starship into orbit next month from Boca Chica, it’s stepping away from the notion of conducting launches from offshore platforms in the Gulf of Mexico — for now ...

The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa, and renewed ...

According to a recent Wood Mackenzie report, floating rig utilization has rebounded to levels last seen before the COVID-19 pandemic, with rates experiencing a 40% surge over the past year. According ...

Consultant Westwood Global Energy expects the global offshore rig market in 2024 will see further utilisation growth, building on last year’s post-pandemic recovery that saw floating units’ dayrates ...

He added that the drilling operation would be probably launched in one of the oil blocs of the Caspian Sea by the end of the current Iranian year, falling on March 19, 2005. “By starting the drilling ...

Next month, a floating nuclear power plant called the Akademik Lomonosov will be towed via the Northern Sea Route to its final destination in the Far East, after almost two decades in construction. It ...

The plane sent out by Diamond Offshore Drilling after Hurricane Lili passed made the dismaying discovery that there was only empty water where the drilling rig Ocean Lexington had been. It immediately ...

This week's offshore rig review looks at the combined Transocean-GlobalSantaFe fleet in comparison with other drilling contractor's fleets. With the recent announcement of the proposed merger of ...

The contractor posted net income for the period of $174 million, or $0.68 per share, compared with $127.6 million, or $0.50 per share, for the same period a year ago. The most recent quarter included ...