Total US drilling increased slightly, with 550 rotary rigs working this week, up 2 from last week but down 35 from 585 a year ...

Transocean Ltd. (NYSE:RIG) is one of the 7 best oil and gas penny stocks to buy according to analysts, supported by hedge ...

The contractor has 11 of its 29 ultra-deepwater rigs in the US Gulf, several with availability this year, including the newly-idled semi-submersible Development Driller I. BHP Billiton released the ...

NEW ORLEANS - The eruption of a fire on an oil platform in the Gulf of Mexico — which left two workers missing and four others badly burned — is a vivid reminder of the dangers involved in offshore ...

NEW ORLEANS -- A deepwater oil platform that burned for more than day after a massive explosion sank into the Gulf of Mexico on Thursday, creating the potential for a major spill as it underscored the ...

We came across a bullish thesis on Transocean Ltd. on Deepwater Insight’s Substack by Tommy Lee. In this article, we will ...

A group of United States lawmakers have proposed tweaking federal law that allows offshore oil and gas operators to transform ...

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 ...

NEW ORLEANS, Lousiana -- Divers hired by the owner of an oil platform in the Gulf of Mexico that caught fire recovered a body near the site Saturday evening, according to the Coast Guard and the rig's ...

NEW ORLEANS, La. (AP) - An oil platform exploded and caught fire Thursday off the Louisiana coast, the second such disaster in the Gulf of Mexico in less than five months. All 13 crew members were ...

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NEW ORLEANS (AP) – A team of researchers has concluded that pockets of oil trapped in the wreckage of the sunken Deepwater Horizon are the likely source of oil sheens that have been spotted in the ...