Acquiring those rigs is a key part of its five-year, 224 billion US dollars business plan that is focused on the deep-water offshore region known as the sub-salt -- believed to hold as much as 100 ...

An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers. BP Plc agreed on Thursday to plead guilty to a raft of charges in the deadly Gulf of Mexico spill and ...

Keppel FELS has completed Transocean's Development Driller III, an ultra-deepwater rig that can operate in water depths of up to 2,286 meters, upgradable to 12,192 meters and 3,048 meters ...

OMV Petrom and ROMGAZ have commenced drilling the first well in the Neptun Deep project, which is claimed to be the largest ...