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Standing as one of the largest offshore oil drilling platforms globally, the Berkut platform is a remarkable feat of engineering. Located 25 kilometers from Sakhalin Island in the Sea of Okhotsk, it ...

Between this, paying laborers, maintaining the rig, and other associated costs, offshore oil drilling can get absurdly expensive. With such major costs involved, it's no surprise that the hope is ...

The rig count in Canada ended the week with 7 additional rigs running. For the week ended May 16, the rig count in Canada stood at 121, according to Baker Hughes data. There were ...

Satellite imagery shows the worst sites worldwide for oil slicks and methane emissions. Report authors expect pollution will ...

Valaris Ltd, the Bermuda-headquartered offshore drilling company, has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash. The sale is expected to close ...

Adnoc Drilling unveils its fleet expansion plans, aiming to grow its fleet to more than 148 rigs by 2026 and over 151 by 2028 ...

North American drilling activity declined for the week, with 692 rotary rigs working in the US and Canada. Fewer oil-directed rigs drove the decline.

ADNOC Drilling has secured a major $806 million contract from ADNOC Offshore for three new-generation island rigs to support the expansion of the offshore Zakum development, the company announced ...