Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they ...

“We are here to propose expanding the partnership between Brazil and China in oil and gas investment ... CIMC is also building hulls and living quarters for the P-84 and P-85 FPSOs, both ...

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U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy ...

Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on ...

Transocean (RIG) came out with a quarterly ... represents an earnings surprise of 16.67%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post earnings ...

The U.S. added two oil rigs and one natural gas rig in the week ending Friday. The increased rig count could signal that the market was not as shocked as some had feared by oil prices briefly ...