After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American ...

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 ...

One of the rigs, called Phobus, is being built in Mississippi, The Sun Herald reported. The oil rig was towed all the way from Texas to Pascagoula, ST Engineering's VP of operations said. See more ...

But one British group believes it is feasible -- and should also be considerably cheaper -- to site the whole thing on the seafloor. A seabed drilling rig that can carry out the same activities as a ...