Offshore drilling contractor Shelf Drilling has closed the sale of its Baltic jack-up rig for $60 million with an undisclosed ...

Despite an upswing in offshore drilling ... sale proceeds of $342M applied to existing debt can reasonably be considered a small step in a positive direction. Analysts expect rig to return ...

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In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG ... have positioned it well to capitalize on the anticipated growth in global offshore drilling, with projections ...

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Sept 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second ... several producers reduced spending on drilling activities earlier in the ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1 this week ...

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while the oil rig count increased by 8 to 152. US drilling activity ended the week with 587 rigs working, down a single unit from last week. Last year at this time, 623 rigs were working.

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BLM also held a sale ... Drilling confidence was also climbing at that time, because prices were rebounding out of a multiyear slump. In 2020, the Trump administration approved a 5,000-well ...