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.

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.

WASHINGTON - The U.S. is back in the deep-water oil-drilling business. The question now is when work will resume.

By fiscal year 2025-26, KOC plans to escalate its rig count to 212, with 114 drilling rigs and 98 maintenance rigs. The new setup will feature 47 deep-water rigs, 57 development rigs, and 10 heavy oil ...

Says NUPRC Championing Regional Energy Collaboration The Chief Executive of the Nigerian Upstream Petroleum Regulatory ...

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 ...