A drilling rig is structure-housing equipment used to drill into underground reservoirs for water, oil, or natural gas, or into sub-surface mineral deposits
(Page 1 of 37) « Back | 1 | 2 | 3 | 4 | 5 | Next »
The U.S. moratorium on deep-water oil and gas drilling in the Gulf of Mexico prompted by BP Plc’s spill will crimp second-half profits, Pride International Inc. and National Oilwell Varco Inc. said.
Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of the BP oil spill and a ban on deep-water drilling.
Ensco Plc announced that a subsidiary of the company has purchased Diamond Offshore's Ocean Shield jack up drilling rig, a KFELS Super B Class design, delivered in 2008. The rig will be renamed ENSCO 109.
An audit of ONGC's offshore jack up drilling rigs have revealed loopholes in safety measures in at least two of its drilling rigs, a senior official said.
Noble, the most important in the market after Transocean, is paying $2.16bn (£1.43bn) cash for Frontier, a Norwegian rival which has been developing a powerful new drilling vessel for operations in deep water and the Arctic in conjunction with Shell.
Drilling Rigs
full story
printer version