The biggest oil drilling company reported Tuesday that its quarterly profit more than doubled, showing just how well its industry is doing. Offshore drillers have scored big this year as oil prices ...

Investigations are under way after a jack-up rig owned by Malaysia's Velesto Energy on Tuesday sunk offshore the state of Sarawak, East Malaysia. Local media in Malaysia reported that the Naga-7, ...

Wes Bracken began his goodbyes to his co-workers a few days before finishing his three-week shift in mid-March on BP’s Thunder Horse, one of the biggest offshore oil rigs in the Gulf of Mexico. The ...

July 17 (UPI) --Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. Transocean announced it leased ...

One person has reportedly died while three others went missing after an oil rig, Majestic near Ovhor, collapsed in Delta State on Tuesday. The PUNCH gathered that the swamp drilling rig, operated by a ...

The Noble David Tinsley experienced “severe damage to the legs and the rig” according to a document Noble filed with the US Securities & Exchange Commission. The company said it did not know the full ...

Ten crew members aboard the oil rig that collapsed in the Niger Delta on Tuesday have been discharged from the hospital. An update by Seplat on Thursday said 10 out of the 92 crew members found after ...