Explore what topside means for offshore rigs. Understand its structure, key components, and importance in oil extraction ...

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 ...

OSLO, Norway (AP) – Statoil on Wednesday evacuated 326 oil rig workers from a North Sea platform after the structure began to tilt, the Norwegian oil company said. Company spokesman Ole Anders Skauby ...

As SpaceX focuses on sending its giant Starship into orbit next month from Boca Chica, it’s stepping away from the notion of conducting launches from offshore platforms in the Gulf of Mexico — for now ...

The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa, and renewed ...

According to a recent Wood Mackenzie report, floating rig utilization has rebounded to levels last seen before the COVID-19 pandemic, with rates experiencing a 40% surge over the past year. According ...

The plane sent out by Diamond Offshore Drilling after Hurricane Lili passed made the dismaying discovery that there was only empty water where the drilling rig Ocean Lexington had been. It immediately ...

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main ...