RIG holds a strong position in offshore drilling with high demand and innovative technology, but its high debt and financial losses could affect growth prospects.

Aker Solutions has been awarded another contract for delivery of a deepwater drilling riser system to Daewoo Shipbuilding & Marine Engineering. Contract value is approximately USD $35 million. The ...

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European supermajor Shell has taken a final investment decision for the Gato do Mato project in the deepwater section of ...

The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project ...

Its products include flexible bearings, advanced connector systems, high-pressure riser systems, managed pressure drilling systems, deepwater mooring systems, cranes, subsea pipeline products ...

for the Ensco 8502 ultra-deepwater semisubmersible currently on order to Keppel FELS Limited from ENSCO International, Inc. The order calls for Patriot to deliver, during 2007/08, a riser gantry ...

It had said that EMGL was seeking Environmental Authorisation for a proposed seventh deep water petroleum development ... “will consist of drilling approximately 14 to 30 production and ...

dedicated its ultra deepwater drillship Glomar Explorer at ... The vessel was expected to leave Mobile last month for its first drilling assignment in the Gulf of Mexico. Designed and built ...

This is when the Deepwater Horizon rig exploded ... a natural gas leak traveled up the riser rig platform. An explosion of epic proportions occurred, killing 11 people and injuring 17 others.