Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a business ...

As of 2018, there were 1,172 offshore oil rigs around the world. The concepts imagines a future in which the world is no longer dependent on oil.

Noble Corp., the world’s biggest offshore oil-rig contractor by market value, expects the Biden administration’s new offshore-drilling plan to push new investments out of the US and into other ...

Kloza noted there are plenty of existing offshore rigs pumping oil in the Gulf of Mexico and added that offshore projects typically take 6-8 years to come online.