Offshore oil rigs are some of the largest structures on the ocean, ... which was drilling in water over 4,100 feet deep before it's infamous 2010 accident.

Oil rigs achieve this by displacing water with enough buoyant force to keep it all afloat. The rigs are able to displace water by using massive, hollow legs that serve as pontoons.

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.

The case for a rebound in deep water activity commencing in the near future rests not only on the timing of developmental project start-ups but a return to ... US Oil, Gas Rig Count Ticks Up Again.

Oil rigs around the world are habitats for marine species. ... That’s true everywhere but especially in California, where some of the platforms are in very deep water.

Offshore oil contractor Borr Drilling Ltd. expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most ... which was drilling in water over 4,100 feet deep before it's infamous ...

Deep-water drilling giants set high bar for returning idle rigs. Transocean, Noble and Valaris all confident the right contracts will come to underpin reactivations ...