Borr Drilling (NYSE:BORR) expects nearly a third of the global fleet of shallow-water rigs will be retired in the coming years, leading to higher daily leasing rates, CEO Patrick Schorn said Thursday.

Offshore drilling giants Transocean, Noble and Valaris are ready to reactivate their hibernating deep-water drilling rigs as soon as the right customers materialise offering strong contracts. Demand ...

MEXICO CITY, Nov 19 (Reuters) - Mexico's state oil company Pemex has tendered for five shallow water drilling rigs to help maintain production capacity at its existing offshore oil production ...

Equinor ASA EQNR received approval from the Norway offshore safety regulator to use a semi-submersible rig for production drilling at the North Sea field. The approval received involves production ...

PRIME Minister Dr. Mwigulu Nchemba has issued a firm directive to regional commissioners (RCs) and administrative officials ...