PORT ANGELES — Two giant vessels that arrived in Port Angeles Harbor as one massive unit are now operating separately. The Polar Pioneer oil drilling rig was offloaded Sunday at about 7 a.m. from the ...

Transocean Ltd. (NYSE:RIG) is one of the 7 best oil and gas penny stocks to buy according to analysts, supported by hedge ...

RIO DE JANEIRO, Oct 20 (Reuters) - Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to ...

DryShips is doing its best to stay afloat as its business takes on water. In January, the company sold two Suezmax ships under construction that it couldn't afford to finish. Yesterday, it increased ...

Bermuda-based Ship Finance International Ltd. agreed to buy an oil rig for $185 million from Sweden-based Consafe Offshore AB and lease it back to the offshore oil and gas company for 30 years.

Denmark-based Maersk Drilling has decided to decommission the rig Maersk Endurer from its fleet and recycle the rig with Zhoushan Changhong International Ship Recycling in China. “Given the current ...

Ocean Rig Partners L.P. filed its F-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given for the offering, but the filing is up to ...

HANOI, Vietnam » Chinese ships have been ramming into and firing water cannons at Vietnamese vessels trying to stop Beijing from putting an oil rig in the South China Sea, according to officials and ...

An oil rig and a supply ship have been damaged after the ship crashed into the rig at the White Rose oilfield off Newfoundland, operator Husky Energy has said. The company said on Friday that it does ...

PORT ANGELES — Two giant vessels that arrived in Port Angeles Harbor as one massive unit are now operating separately. The Polar Pioneer oil drilling rig was offloaded Sunday at about 7 a.m. from the ...