HOUSTON, May 15, 2018 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQX:DPDW) (“Deep Down”), a specialist in deepwater oil and gas production and distribution equipment and services, today reported results ...

Transocean is a highly leveraged bet on expansion in offshore activity, due to both the dependence of pricing on utilization and its debt-laden balance sheet. Offshore drilling is expected to pick up ...

Fourteen years ago, the British Petroleum (BP) Deepwater Horizon offshore drilling rig suffered a blowout in water a mile deep. The Gulf of Mexico explosion took the lives of 11 people, released 134 ...

U.S. shale oil production may have peaked, with oil recovery per foot drilled in the Permian Basin declining, while deepwater oil investments are rising rapidly. Offshore discoveries in Guyana, the ...

Oil majors are boosting deepwater exploration budgets as they look to meet future oil demand. The oil and gas majors—ExxonMobil, Chevron, Shell, BP, TotalEnergies, and Eni—are winning more acreage in ...

OMV Petrom SA has contracted a Transocean Ltd. rig for Romania’s first deepwater offshore gas project and awarded the integrated drilling services to the local unit of the United States’ Halliburton ...

Oceanteam Shipping ASA says that it has secured, through its joint venture DOT Holdings AS, an interest in a new build Offshore Support Vessel, and as a result a partnership with Pacific Radiance Ltd.

Deep offshore fractured wells require high surface-treating pressure to achieve required bottomhole pressures for treatment. These pressures can reach frac-boat limits and need to be accurately ...

Progression from trainee to independent deepwater coverage typically adds $150–$300/day. Moving to lead on complex wells (HP/HT, narrow ECD window, synthetic/oil-based systems) can add $200–$400/day ...

If until now the extent of your online gaming has been Candy Crush, Fortnite, and maybe a few relaxing online casino games, it’s time to break out and go deep. Read on to discover your new fav online ...

The offshore industry has taken another step into history, and in so doing has set a new trend: ultra-deepwater offshore exploration and drilling for hydrocarbons. In the 1970s, offshore drilling ...