In February 1982, the Ocean Ranger, the world’s largest semi-submersible oil rig, faced one of the most violent North ...

Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery ...

Transocean (NYSE:RIG) operates a fleet of offshore drilling rigs, providing services mainly to oil and gas companies seeking to access reserves beneath deep or challenging waters. Its rigs include ...

An extraordinary general meeting of Norwegian rig company Ocean Rig today approved the company's financing solution. The meeting, held in Oslo, resolved to issue a convertible bonds loan of Nkr 934.2 ...

Transocean (NYSE:RIG), a company specializing in offshore drilling, has significantly lagged behind the broader S&P 500 index over the last twelve months, posting a decline of 45% compared to the S&P ...

Ukrainian aerial drones struck a Russian oil platform in the Caspian Sea for the first time on Thursday, halting production at the facility owned by Lukoil , according to an official from Ukraine's ...

The number of active rigs targeting oil in the kingdom dropped to its lowest in more than two decades in July, according to Baker Hughes data. Image by champc via iStock The number of active oil rigs ...