Mr. Charlie has seen the up and downs over the years in the oil patch off Louisiana's coast, but this could be the toughest slump of all. Earlier this week, the steel rig stationed on the Atchafalaya ...

PASCAGOULA -- A $10.6 million dredging project has resulted in the first of what Signal International LLC hopes will be much more work, the company announced this week. Diamond Offshore Drilling Inc.

The wildcatter may be an iconic figure in state history, but many Texans today would not go to work on an oil rig — even for double their current pay. That’s according to a new survey from TradeSafe, ...

The Wall Street Journal has recently released a list of 200 jobs in the US that rank from best to worst. Oil rig workers were ranked No. 196, just one behind dairy farmers. This may seem surprising ...

MORGAN CITY, La. – MORGAN CITY, La. (AP) — Mr. Charlie has seen the up and downs over the years in the oil patch off Louisiana's coast, but this could be the toughest slump of all. Earlier this week, ...

Evidence of the economic devastation in the U.S. oil patch continued to grow Friday as a large drilling rig operator posted a multimillion-dollar loss and the number of operating rigs hit a historic ...

CM Energy Tech Ltd. unit TSC Manufacturing and Supply LLC has received the first order of land ring modernization contract from Petroleos Mexicanos (PEMEX), amounting to $13,211,970. This is the first ...

Three offshore rigs are already redundant. Eight more will be unused next year. A further six rigs are also in the danger zone. What was a rig boom is now a collapse. News that John Fredriksen's ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Halliburton employee on the Deepwater Horizon sent an e-mail to a colleague on the day the rig exploded ...

Houston oil driller Hercules Offshore plans to lay off 324 rig crew workers and shut down four rigs in the Gulf of Mexico, in one of the industry's most pessimistic responses yet to falling crude ...