SpaceX’s grand vision for Starship, the next-generation spacecraft it’s currently in the process of developing, includes not only trips to Mars, but also regular point-to-point flights right here on ...

Transocean (NYSE:RIG) announced an all stock acquisition of Valaris, creating what the companies describe as the world's largest offshore drilling fleet. The combined group is expected to control 73 ...

Transocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM. Norwegian operator Aker BP has extended the contract for Saipem’s 10,000-ft semisub ...

According to a recent Wood Mackenzie report, floating rig utilization has rebounded to levels last seen before the COVID-19 pandemic, with rates experiencing a 40% surge over the past year. According ...

Private space company SpaceX has purchased two deepwater oil rigs that will eventually be used as floating launch pads for its future endeavors. The purchases were made last year, according to a new ...

The Noble Jim Day dwarfed the small tugboats pushing the hulking offshore oil rig down the Corpus Christi Ship Channel and out into the Gulf of Mexico. The floating rig — one of the world’s largest at ...

The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa, and renewed ...