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 ...

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.

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 ...

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 ...

Oil India Ltd. has started exploration offshore India with the arrival of the Blackford Dolphin deep water semisubmersible rig. Covering the operations of the oil and gas industry General Interest ...