Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

The state expected millions of dollars to plug wells abandoned by their owners. But the funds are in limbo under a new ...

Arabian Post - Arabian Post Staff -Dubai. Arabian drilling and Shelf Drilling have signed a memorandum of understanding to establish a strategic allianc ...

Singapore shipyard group Seatrium has secured a tender from Saudi shipyard International Maritime Industries (IMI) to supply ...

The LeTourneau Super 116E Class design was selected. International Maritime Industries (IMI) has awarded a tender to Seatrium ...

Aramco cancelled multiple offshore rig contracts last year, leading to a decline in jack-up day rates and prompting domestic drilling giants to explore contracting opportunities in the international m ...

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an ...

Human-made structures act as artificial reefs, luring plankton and, in turn, Earth’s largest fish. That could put whale sharks at risk of ship strikes.

Public sector giant plans to invest between $3 billion and $4 billion during ongoing financial year, mostly on offshore ...

It could also mean there is an event coming up soon that may cause a big rally ... Clearly, options traders are pricing in a big move for Jack in the Box shares, but what is the fundamental ...

but the company’s four major department heads remain more likely successors to Chief Executive Jamie Dimon to head up the largest U.S. bank. Piepszak has said she doesn’t want to be considered ...

With the Jack Lyons Memorial exhibition hockey game at Memorial Gardens put on hiatus, Lyons feels this event needs to be successful. "This is the event that has to move the needle to bring the ...