This is Berkut, the world's largest offshore oil platform, what is the insane engineering behind the Berkut oil rig mega project, how did they build such a massive off shore rig in one of the world's ...

Rolls-Royce and the U.S. Air Force validated the F130’s ability to meet performance requirements for the B-52 missions, getting closer to flight testing. Engine maker Rolls-Royce announced on Feb. 24, ...

Shares of Caterpillar, the maker of mining and construction machinery, are up more than 30% since year-end, making it the biggest contributor to the Dow Jones Industrial Average. WSJ’s Jonathan Weil ...

Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a ...

Valaris (VAL) +15.7% pre-market Monday after Transocean (RIG) agreed to acquire the company in an all-stock deal valued at ~$5.8B, creating an offshore drilling industry leader with a fleet of 73 rigs ...

Feb 9 (Reuters) - Oilfield services firm Transocean said on Monday it would acquire peer Valaris (VAL.N), opens new tab in an all-stock deal valued at $5.8 billion, expanding its exposure across ...

Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. The transaction implies a combined enterprise value of ~$17B based on the stock’s most recent closing ...

Offshore drilling contractor Seadrill has strengthened its forward workload after securing a series of contract awards and extensions across Malaysia, Norway, and Brazil, underscoring renewed momentum ...

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards. One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s ...

Offshore rigs in the Gulf of Mexico increased by 4 this week, increasing the total US offshore rig count to 21, officials at Baker Hughes reported Friday. Offshore rigs in the Gulf of Mexico increased ...

Transocean was the only major offshore driller to make it through the last downturn, keeping its premium fleet intact in a consolidated market. Even using conservative estimates, the replacement cost ...