WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...

Offshore drilling giant Transocean Ltd. RIG recently signed an agreement to sell 15 jack-up drilling rigs to the Norwegian offshore drilling contractor Borr Drilling. The transaction will involve the ...

It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you ...

Weatherford closed a $32 million deal on Monday afternoon to sell four of the company's drilling rigs in the North African nation of Algeria and the Middle Eastern nation of Iraq. Headquartered in ...

HOUSTON, May 31, 2022 (GLOBE NEWSWIRE) -- Vantage Drilling International (“Vantage”), announces today that on May 27, 2022, its directly-held subsidiary, Vantage Holdings International (“VHI”), ...