The largest of them reaches a height of 2001 feet and today we will see how it works. In 1995, American researchers conducted exploration work in the Gulf of Mexico to search for minerals on the ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Sonadrill signed two contracts for offshore drilling campaigns starting late 2025. Angola’s oil production dropped below 1 million b/d in July, the lowest since 2023. New projects and refinery plans ...

Rig utilisation has returned to pre-Covid levels, pushing dayrates up by 40% in the past year, while demand is forecast to increase another 20% percent from 2024-2025, according to consultants Wood ...

President Joe Biden is expected to permanently ban future offshore oil and gas development in parts of the Atlantic and Pacific oceans in a way that could be especially difficult for the incoming ...