U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest ...

Port Fourchon at the southern tip of Lafourche Parish is the go-to service station for offshore energy production, serving as ...

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 ...

Valaris Ltd, the Bermuda-headquartered offshore drilling company, has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash. The sale is expected to close ...

aligning with 2028 rig targets The high-spec rigs will support operations at the offshore Zakum development, part of ADNOC’s broader strategy to unlock maximum value from Abu Dhabi’s offshore ...

Because Holly is already owned by the state, not an oil company, its transition could illuminate how to evaluate the fate of rigs worldwide based on science, not politics. Most of the offshore oil ...

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.

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 ...

Saudi Aramco, the world’s largest oil exporter, is embarking on a massive offshore rig contracting spree, with more than 30 jack-up rigs likely to be chartered by the state-owned giant in an ...

Equipment failures on these rigs pose significant safety risks and can lead to missed production targets, which are quickly felt. The remote locations of offshore rigs add to the challenge, making ...