Deepwater drilling is becoming increasing important in the oil and gas (O&G) industry as shallower reserves are depleted. According to Global Energy Monitor’s Global Oil and Gas Extraction Tracker, in ...

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B ...

Cleanup workers try to scoop up all the toxic globs on Pensacola Beach from the 2010 BP Deepwater Horizon spill. Now BP is back with a new deep water drilling plan. (Photo via Florida Sea Grant) How ...

Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

The deepwater drilling contractor Seadrill said that its contract backlog, as of May 23, 2019, totaled approximately $1.9 billion.The drilling services provider said it has added $130 million of ...

I’ve already asked whether President Obama’s deepwater drilling moratorium is a smart policy, given the fact that it won’t do much unless we attack oil demand at the source. But I still thought that a ...

As Big Oil returns this week to the industry’s annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the ...

The White House announced today that all new deepwater drilling will require environmental reviews. What’s that you say? You assume an activity as transparently fraught with danger and risk as ...