It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you ...

We still hold the view that top tier drillers like PDS are undervalued relative to their earnings potential and are now selling at a discount. The rig count is unlikely to rise significantly from the ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

Zenith Energy ( ($GB:ZEN) ) just unveiled an update. Zenith Energy Ltd. announced the planned sale of its ZEN-260 drilling rig, originally ...

WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has announced that it has closed on the previously disclosed transaction to sell 38 shallow water drilling rigs to Shelf Drilling Holdings, Ltd. ("Shelf ...

Varco International has signed two contracts to supply drilling equipment for two new jackup rigs. Varco International has signed two contracts to supply drilling equipment for two new jackup rigs.

Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the ...

Mineral exploration is often be considered to be a rudimentary process; one of hardcore geoscience, with prospectors poring over maps and collecting rock core samples using drilling technology that is ...

RIO DE JANEIRO, May 17 (Reuters) - Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE.O), opens new tab (NFE) which it will convert ...