Offshore oil rigs will be able to begin deep water drilling again, as the Obama administration has lifted the moratorium on the practice, set in place after the Gulf oil spill. The Secretary of ...

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 ...

Interview Highlights. On the scale of the deep-water rig "Most people don't realize how big these rigs are and the huge scale of drilling in general, particularly deep-water drilling.

Washington Post: President Obama has imposed a six-month moratorium on deep-water exploration drilling in the Gulf of Mexico but the oil and gas industry is going to be back. IE 11 is not supported.

In a remote reach of the Gulf of Mexico, nearly 200 miles from shore, a floating oil platform thrusts its tentacles deep into the ocean like a giant steel octopus. The $3 billion rig, called ...

But shallow-water jack-ups can keep their blowout preventers on the rig deck, making it easier to maintain them. Boop, a 31-year veteran of rig work, showed off his bright red blowout preventer.

Demand for top-quality deep-water rigs, specifically drillships and semi-submersibles, ... provided their agreements with oil and gas company clients offer a healthy dayrate and a long-contract term.

Chevron's $500m Petronius platform is situated about 130 miles (208km) southeast of New Orleans. It is located in water depths of 1754ft (535m). The field, discovered in 1995, contains estimated ...

Deep-water drilling's ride against the tide. Despite oil spill and 6-month moratorium, trend likely to continue. By Steven Mufson. June 21, 2010 at 8:00 p.m. EDT ...

The explosion on the Deepwater Horizon oil rig last week in the Gulf of Mexico was without question a human tragedy. The day after the rig finally sank on April 22, the Coast Guard called off the ...

Interview Highlights. On the scale of the deep-water rig "Most people don't realize how big these rigs are and the huge scale of drilling in general, particularly deep-water drilling.