Transocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM. Norwegian operator Aker BP has extended the contract for Saipem’s 10,000-ft semisub ...

After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programs. By the close of 2025, ...

The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa, and renewed ...

One of the rigs, called Phobus, is being built in Mississippi, The Sun Herald reported. The oil rig was towed all the way from Texas to Pascagoula, ST Engineering's VP of operations said. See more ...

LONDON (AP) — Two tugboats have moved into place to re-float an oil rig that was blown onto a remote Scottish beach in a storm. The Transocean Winner was being towed when it broke free of its tug and ...

Floating storage could hit tanker markets this year, with the potential to boost earnings even further than initially forecast. The US Energy Information Administration (EIA) said inventory builds ...