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.

Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

Donovan works 12-hour shifts but gets three weeks of holiday every three weeks working on the rig. He said offshore isolation is tough, but it can also feel like summer camp without cocktails.

An increasingly hot-button issue, oil rigs have become the physical embodiment of larger economic and environmental debates, garnering praise from conservative politicians and the ire of ...

Massive, offshore rigs the size of skyscrapers remain at sea around the world. Here's why these environmentalists say some should be left alone. An oil rig in the Gulf of Mexico, off the coast of ...

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 ...

Saudi Aramco, the world’s largest oil exporter, has suspended multiple jack-up rig contracts with at least six leading drilling contractors as it moves to fine-tune its offshore drilling fleet ...

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

Norwegian rig specialist Frigstad Offshore has approached Chinese yards to build an offshore wind installation vessel based on its latest design. The rig owner is following the winds of change in ...