Transocean Ltd. (NYSE: RIG) has made the definitive move to cement its status as the undisputed leader in offshore drilling.

The companies are merging as the outlook for offshore oil drilling improves.

What happened: In his opening remarks at the Kuwait Oil and Gas Show, Kuwaiti Prime Minister Sheikh Ahmad Abdullah al-Ahmad al-Sabah said that state firm Kuwait Petroleum Corporation will turn to ...

Vietnam has identified a high-potential offshore oil discovery at the Hai Su Vang field, about 65 kilometers off its southern coast, a move that could strengthen domestic energy supply and offshore ...

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B ...

"As business leaders in Santa Cruz County, we strongly oppose offshore oil and gas development along the California coast," writes Kristen Brown, Terence Concannon and Melissa Mahoney in a Guest ...

The Bureau of Ocean Energy Management has issued two calls for information and nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and gas ...

[Stay on top of transportation news: Get TTNews in your inbox.] Gov. Gavin Newsom is seeking to impose further restrictions on California’s offshore oil industry, a setback to Sable Offshore Corp. and ...

Politicians, environmental groups and business organizations throughout the state and country expressed outrage Thursday at a Trump administration plan to significantly increase offshore oil leasing, ...

Unfortunately, this book can't be printed from the OpenBook. If you need to print pages from this book, we recommend downloading it as a PDF. Visit NAP.edu/10766 to get more information about this ...

As 2014 draws to a close, it will be remembered as an absolutely awful year for the offshore drilling industry. As we see in the chart below, the best performing offshore drilling stock is off 44% ...