Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

Lebanese Cabinet ministers say an offshore drilling rig has arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start its search for gas in the coming weeks.

BEIRUT — An offshore drilling rig arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas, cabinet ministers ...

Transocean Ltd. (NYSE:RIG) is a leading provider of offshore contract drilling services, specializing in ultra-deepwater and harsh environment floaters.

BEIRUT, Aug 16 (Reuters) - A drilling rig arrived in Lebanon on Wednesday to begin offshore oil and gas exploration later this month, French energy group TotalEnergies (TTEF.PA) said.

Borr Drilling (NYSE:BORR) is a pure-play offshore drilling contractor headquartered in Bermuda, managing a fleet of midwater and premium jackup rigs. It focuses on contract drilling in key regions ...

ENEOS Drilling, a subsidiary of ENEOS Xplora, has secured a contract with Japan Vietnam Petroleum Company (JVPC) for a two-well drilling campaign offshore Vietnam. The campaign will utilise the ...

Offshore drillers face risks from premature rig reactivation, while land-based operators remain exposed to fragile gas economics. Yet, beneath the gloom lies a glimmer of long-term promise.

In November 2022, ADNOC Drilling revealed that it had signed an agreement to acquire three “brand new high-specification” offshore jack-up drilling units. The rigs had a combined cost of $320 ...