The Transocean Spitsbergen was built in 2010 as a sixth-generation dual-derrick winterized semi-submersible rig, which is capable of drilling high-pressure and high-temperature formations.

The oil workers in Landman have a lot of unique vocabulary and slang words, but their meanings aren't immediately obvious to all viewers.

Hometown heritage and history will come alive during the 54th Annual Derrick Day set 10 a.m. to 3 p.m. Saturday at the Penn ...

Transocean (RIG) Falters For 3rd Straight Day. Here's Why An aerial view of an oil rig with drillers in hard hats working on the platform.

Two people were injured after an oil rig collapsed Monday afternoon. It happened at about 2 p.m. in a pumping unit area when the oil derrick collapsed and forced other material to fall on top of ...

Dramatic video captures the moment a Coast Guard Jayhawk helicopter pulled an ill oil worker off a rig and transported him to ...

The rig eliminated the cost ($650-$2,000) of putting up a drilling derrick, paid for itself by drilling 18 wells a year. It also set blond Larry O’Donnell, Shell Oil Co.’s chief mechanical ...

Commodities The Offshore Oil Business Is Gushing Again Rigs that haven’t been used in years are setting out to sea as demand for energy surges. ‘Everyone started drilling again.’ ...

Multiple fire crews are responding to a reported oil rig fire with possible injuries in Grady County, east of the town of Bradley.

Mike Shellman’s team working on the oil rig. Russell Gold Last year, Shellman’s company produced 42,880 barrels of oil, making it the 535th-largest oil producer in Texas.

Transocean Ltd (RIG). Soars on New $100M Contract An aerial view of an oil rig with drillers in hard hats working on the platform.