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 ...

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 ...

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 ...

Oil companies like Shell continue to drill, according to The New York Times, because "the world will continue to need oil." Countries and companies have pledged to get the use of dirty energy sources ...

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 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 ...

Noble Corp. (NYSE:NE) +2.8% in Monday's trading as CEO Robert Eifler said in a Bloomberg interview that dayrates for deepwater drillings rig could climb to $600K if demand from oil companies continues ...

Contract drilling revenue guidance for Q2 2025 is expected to be between $970 million and $990 million, supported by higher activity levels and improved revenue efficiency. Full-year 2025 revenue is ...

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 ...

Progression from trainee to independent deepwater coverage typically adds $150–$300/day. Moving to lead on complex wells (HP/HT, narrow ECD window, synthetic/oil-based systems) can add $200–$400/day ...