While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main ...

Oil rig jobs can seem very appealing in any job market, but there are a number of harsh realities to working on them that ...

The offshore division of Arab Shipbuilding and Repair Yard (ASRY) in Bahrain is on track to deliver its 200th project ...

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy -- including some strange sources being explored-- is still a long way away.

Offshore drilling remains resilient this year with strong activity in Latin America, Southeast Asia and other hotspots, but the sector has less appetite for building new drilling rigs after learning ...

Chinese yard CIMC Raffles has won a contract from Italian major Saipem to convert its semi-submersible drilling rig Scarabeo 5 into a floating production unit for operation offshore West Africa. The ...

Fishing boats are docked at a harbor in Humboldt Bay in Eureka. Ocean waters 20 miles off this coast have been leased to two energy companies to develop wind farms. (Larry Valenzuela, ...

The plane sent out by Diamond Offshore Drilling after Hurricane Lili passed made the dismaying discovery that there was only empty water where the drilling rig Ocean Lexington had been. It immediately ...

Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia's Caribbean waters in search of natural gas and oil. Image by JosephineLi via iStock The oil industry is ...

DENVER/OSLO (Reuters) - The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely ...

The offshore drilling industry will remain under severe distress through 2017, predicts Moody's Investors Service. Most troubling for the industry is overcapacity, as the number of idle rigs climbs ...