The deepest offshore oil well was over 35,000 feet by the Deepwater Horizon, and the Maersk Voyager operated in the deepest ...

This growth is expected to impact various aspects of offshore drilling, including the number of rigs, support vessels and daily rates. The overall interest and investment in the global offshore ...

Transocean Ltd. RIG, the world’s largest offshore drilling contractor and leading provider of drilling management services, recently informed that it has secured contracts for two of its harsh ...

The upper reaches of the fixed platforms feature a deck with space for living quarters, the drilling rig itself, and facilities for oil production. Out of the seven major types of offshore oil ...

according to Wood Mackenzie Ltd. Prices to rent the most advanced offshore drilling rigs averaged $420,000 a day for the first half of this year, as roughly 90% of the industry’s active fleet is ...

Between this, paying laborers, maintaining the rig, and other associated costs, offshore oil drilling can get absurdly expensive. With such major costs involved, it's no surprise that the hope is ...

BEIRUT — An offshore drilling rig arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas, cabinet ministers ...