RIG holds a strong position in offshore drilling with high demand and innovative technology, but its high debt and financial losses could affect growth prospects.

Amid a legal battle over an oil and gas drilling effort near Northwest Florida’s Apalachicola River, state House and Senate ...

WASHINGTON — Working to dismantle his predecessor’s environmental legacy, President Donald Trump signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other ...

TALLAHASSEE — Amid a legal battle about an effort to drill for oil and gas near Northwest Florida’s Apalachicola River, state House and Senate panels Tuesday approved proposals aimed at shielding ...

The offshore drilling rig market is facing a challenging 2025 as dayrates continue to soften amid sluggish demand, but a potential 2026 recovery driven by tighter rig supply and rising offshore ...

When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of ...

Rising costs and supply chain issues could suppress rig utilisation to 70% after years at 90%, Westwood analysis says ...