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With contracts canceled and debts mounting, offshore oil drillers face another...

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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 will...

New wells drilled to the moon and back by 2023

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Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years. The Norway-based...

Stones: World’s deepest offshore oil & gas project

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Stones is the world’s deepest oil and gas project, operating in around 2,900 metres (9,500 feet) of water in an ultra-deep area of the...

Transocean shares outlook for offshore drilling

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(Market Realist) In its 2Q17 conference call, Transocean (RIG) shared its outlook for the offshore drilling market. The company’s view of the industry could also...

Chinese oil & gas companies come big at OTC

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A number of Chinese companies participated in the 48th Offshore Technology Conference (OTC), which kicked off Monday in Houston. Although the organizer did not give...