As 2014 draws to a close, it will be remembered as an absolutely awful year for the offshore drilling industry. As we see in the chart below, the best performing offshore drilling stock is off 44% ...

With the United States is currently producing record amounts of oil and natural gas, thanks to fracking and other new technologies, the government is eyeing the possibility of conducting offshore ...

HOUSTON, Oct 15 (Reuters) - Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...