Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they ...

"In deep-water and oil sands, there could be a lead time of several years." Still, for offshore operators, McKay said, falling daily rates for rig use may present a chance for deep-water operators ...

Demand for top-quality deep-water rigs, specifically drillships and semi ... provided their agreements with oil and gas company clients offer a healthy dayrate and a long-contract term.

Built to withstand extreme conditions and house hundreds of people, the size, complexity, and location of oil rigs makes ...