A supply shortage for classes of offshore rigs capable of drilling in up to 10,000 feet of water means that the daily rate that operators pay to rent a high-end, deep-water drilling rig is now ...

China's first homegrown deep-water drilling rig was put into use in the South China Sea at 9: 38 a.m. on Wednesday, marking "a substantial step" made by the country's deep-sea oil industry. China's ...

Despite the Deep Water Horizon fiasco, deep-water drilling remains one of the worlds’ primary sources of crude. And among deep drilling rigs, this 56,860 ton Scarabeo 9 is king. Deep-water ...

Getting your Trinity Audio player ready... A massive drilling rig — about 80 feet tall — has been parked near Highlands Ranch High School for about a month, boring into the earth 24 hours a day. But ...

Since the first oil rig in the Gulf of Mexico was built in 14 feet of water off the coast of Louisiana in 1938, offshore oil and gas companies have drilled in ever deeper waters to prospect for black ...

They don't exactly blend in, but being women in the water well drilling trade hasn't been a hindrance for Ginger Johnson, owner of Bill Johnson Equipment Company, and her daughter, Shelly Schira, who ...

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.