Borr Drilling (NYSE:BORR) expects nearly a third of the global fleet of shallow-water rigs will be retired in the coming years, leading to higher daily leasing rates, CEO Patrick Schorn said Thursday.

Norwegian energy giant Equinor has finalised its arrangements to retain the deep-water drilling rig Deepsea Atlantic for at least another three years at a cost of about $290 million. The arrangements ...

Italian energy giant Eni has extended its use of a premium shallow-water jack-up drilling rig in Mexico and has remaining ...

Willie Sutton robbed banks because that's where the money is. And oil companies venture into deep waters for exploration because that's where the oil is. That's why -- even though President Obama has ...

Dublin, Nov. 24, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Drilling Rigs Market Report and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering. The Saudi Arabia drilling ...

(AP) Transocean, a major offshore drilling rig contractor, is selling 38 of its shallow water rigs to newly-formed Shelf Drilling International Holdings Ltd. for about $855 million in cash. The Zug, ...

Storms in the Gulf of Mexico are forcing BP to temporarily halt drilling a relief well. The well is the final step in what has been a three-month effort to stop oil from gushing into the Gulf. On ...

MEXICO CITY, Nov 19 (Reuters) - Mexico's state oil company Pemex has tendered for five shallow water drilling rigs to help maintain production capacity at its existing offshore oil production ...

The oil industry won a round in the legal battle over offshore drilling Tuesday when a federal judge in New Orleans issued an injunction blocking the six-month moratorium President Obama imposed on ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...