Valaris (NYSE:VAL) has entered into a definitive all stock merger agreement to be acquired by Transocean. The combination is set to create the largest offshore oil rig company in the public markets.

Although nominated for visual effects, “Deepwater Horizon” production designers built an 85%-scale model oil rig as a set large enough to sustain what would become the star of the film. Directed by ...

Dubai-headquartered rig owner Shelf Drilling has scaled down its full year financial outlook for 2024 for the second time this year following Saudi Aramco’s rig activity cancellations and despite ...

Texas Tech leaders hope to strike black gold - and give petroleum engineering students some literal in-the-field experience at the same time. The university made history on Friday by raising the ...