Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

CATOOSA - A local fabrication company announced a deal this week to build nine offshore derricks at the Tulsa Port of Catoosa for use in deep-water drilling. Lee C. Moore, a subsidiary of Woolslayer ...

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy -- including some strange sources being explored-- is still a long way away.

Patterson-UTI Energy Inc., a drilling contractor based in Snyder, Tex., agreed to buy $100 million of rig components from National Oilwell Varco Inc. to build 15 land drilling rigs in 2007. HOUSTON, ...

In April 2014 a Greek shipowner called George Economou signed a contract for two drillship newbuildings. The twin units ordered on a speculative basis from Samsung Heavy Industries cost Ocean Rig, ...

ADNOC Drilling Company PJSC announced recently that it has signed a $75 million agreement for the purchase of six newbuild hybrid power land rigs. The rigs will progressively enter the fleet from the ...

STERLING, Colo. — On the prairie of northeast Colorado, Roger Stumpff stands in a muddy lot and looks at the pieces of a giant blue-and-white drilling rig that have become the heart of his business.