Drilling rig company Seadrill said in a court filing it postponed an initial hearing on its restructuring plan to Feb. 7, which sources told Reuters will give the company more time to consider ...

"We fully anticipate safety-minded employers, general contractors, and project owners, not to mention insurance companies, will recognize the value of CCO Drill Rig certification in risk mitigation ...

About 77 pct of Songa shareholders have so far accepted deal. Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 ...

World oil demand will grow anemically versus abundant supply, according to Platts' Global Editorial Director for Oil Dave Ernsberger. He laid out Platts' bear case for oil prices at the energy ...

Executives in the energy sector have had a wild ride over the past few years as oil prices have plummeted, then bounced. Difficult at times, surely, yet spare a thought for those running the listed ...

Three of the largest drilling rig operators in Texas are making budget cuts and bracing for the worst as a global glut of crude oil and falling demand due to the coronavirus pandemic are expected to ...

Houston drilling rig operator Patterson-UTI is bracing for a 60 percent drop in oil-field activity as it lost nearly a half-billion dollars in a first quarter hammered by the coronavirus epidemic. The ...