Now, semisubs are the most stable of any floating rig, many times chosen for harsh conditions because of their ability to withstand rough waters. A semisubmersible is a MODU designed with a ...

Utilization of the world's floating rigs has continued to decline in recent months according to Offshore Data Services, Inc.'s latest forecast released in its Offshore International newsletter.

But one day in the 1980s, a complacent observer on a now-defunct floating rig somehow let an iceberg get to within five or six miles of the rig. Typically, bergs move at a clip of about one knot.

Combining advanced laser projection technology with AI-powered inspection delivers unmatched precision and efficiency. By attending this webinar, you will learn how AI enhances quality control in ...

These rigs offer a cost-effective and efficient solution for oil exploration compared to floating rigs, making them a preferred choice for offshore operations. The market is being driven by ...

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FEB, along with the other shareholders of MENAdrill, is today celebrating the floating of its first “Friede & Goldman Super M2” jackup rig which represents a major construction milestone.