An increasingly hot-button issue, oil rigs have become the physical embodiment of larger economic and environmental debates, garnering praise from conservative politicians and the ire of environmental ...

The companies are merging as the outlook for offshore oil drilling improves.

Transocean (NYSE:RIG) operates a fleet of offshore drilling rigs, providing services mainly to oil and gas companies seeking to access reserves beneath deep or challenging waters. Its rigs include ...

CC0 Usage Conditions ApplyClick for more information. Extracting oil from the ocean floor requires a deep-sea rig setup with some of the most powerful machinery on the planet today: from motorized ...

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B ...

Add Yahoo as a preferred source to see more of our stories on Google. Ukraine's defence forces have struck three drilling rigs belonging to the Russian company Lukoil in the Caspian Sea. Source: ...

Ocean Rig has been awarded a letter of intent (LoI) by fellow Norwegian companies Statoil and Norsk Hydro covering the sinking of three exploration wells in the Barents Sea. The LoI also includes an ...