A California court has sided with state coastal authorities and ordered Sable Offshore Corp. to abide by a preliminary ...

ADNOC Drilling will acquire a 70% stake in oil services firm SLB's onshore rig business in Oman and Kuwait for up to $112 ...

Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited three ...

Swedish wave energy developer CorPower Ocean has signed a berth agreement to build a 5 MW wave energy project at the European ...

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 ...

Dublin, April 29, 2025 (GLOBE NEWSWIRE) -- The "Offshore Drilling Rigs - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" has been added to ResearchAndMarkets.com ...

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026 recovery driven by tighter rig supply and rising offshore ...

RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard International Maritime Industries (IMI) to provide equipment, and a licence to ...

(MENAFN- IANS) New Delhi, Feb 4 (IANS) Indian offshore rig operators will see their operating profits surge 30-35 per cent in the next financial year, after a 25-30 per growth in the current ...