The Norwegian outfit has also set its sights on growth inthe Mexican market while it has identified Africa as a core driver of theultra-deepwater segment in the next few years. Seadrill, controlled by ...

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STERLING, Colo. - On the prairie of northeast Colorado, Roger Stumpff stands in a muddy lot and looks at the pieces of a giant blue-and-white drilling rig that have become the heart of his business.

WILLISTON, N.D. -- North Dakota's oil boom has Terry Tinnes torn. On one hand, Tinnes makes more money than he knows what to do with while working as a "company man," a position that oversees a ...

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

Saudi Aramco has extended multiple onshore and offshore drilling contracts for rigs operated by compatriot Arabian Drilling Company. The Saudi drilling giant this week said that “Aramco has extended ...

PORT ANGELES, Wash. -- Business owners in Port Angeles discovered how valuable oil can be. That is, the oil rig that's anchored outside the city's port. Over the past few weeks, businesses from ...

One interesting feature of the U.S. hydrocarbon boom is the widening gap between the industry’s interest in drilling for oil and other liquids versus dry natural gas. It’s all about economics: the ...