Transocean (RIG) remains unprofitable, with losses expanding at an average annual rate of 28.3% over the past five years.

Transocean Ltd (RIG) reports robust third-quarter results with significant debt reduction and optimistic outlook for deepwater drilling demand.

A recent Houston Chronicle story reveals Trump administration plans to open large swathes of the California coast to offshore ...

Ukrainian forces claim to have struck an elite Russian special forces unit stationed on an oil drilling platform in the Black ...

The U.S. Coast Guard said Sunday it had rescued three boaters from an offshore oil platform after their vessel sank near Freeport, Texas, Sunday."Coast Guard Sector Houston-Galveston watchstanders ...

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 ongoing ...

This week's offshore rig review looks at the combined Transocean-GlobalSantaFe fleet in comparison with other drilling contractor's fleets. With the recent announcement of the proposed merger of ...

How could a single wave destroy one of the most advanced offshore rigs ever built? This documentary explores the 1982 sinking of the Ocean Ranger, the catastrophic chain of failures that followed, and ...

Corrections booked Luis Garces on Monday and he appeared in court on Tuesday facing a charge of arson, a first-degree felony. BEIRUT – An offshore drilling rig arrived at its destination in the ...

Operations on one of Helmerich & Payne's offshore rigs have become the subject of a federal grand jury investigation in Louisiana, the Tulsa-based driller confirmed Friday. The U.S. Attorney for ...

Flames are still shooting from an offshore oil rig that was rocked by an explosion in the Gulf of Mexico Tuesday night. A supply boat has reached the Louisiana shore carrying survivors. Coast Guard ...

BEIRUT - An offshore drilling rig arrived at its destination in the Mediterranean Sea off Lebanon's coast and will start operations in the coming weeks to search for gas, cabinet ministers said ...