Transocean Ltd. RIG, the Swiss offshore contract drilling service provider, has reached an agreement with an undisclosed customer to sell one of its ultra-deepwater floaters. This strategic move ...

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.

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.

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 ...

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 ...

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 ...