Leidos outlines an intriguing plan to acquire oil rigs and convert them to everything from maintenance to medical hubs. Find out how it would work.

Large reductions in exploration and production spending are beginning to take effect, and even with the recent oil price increase, floating rig utilization is destined to trend downward over the ...

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

US contractor National Oilwell Varco (NOV) has landed new contracts linked to three newbuild floating production, storage and ...

The workers were killed in an explosion aboard the Cidade de São Mateus, a floating oil production, storage and offloading ship (FPSO), said Davidson Lombo, finance director of Sindepetro-ES ...

(Reuters) - U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed ...

Could repurposed oil rigs become the Navy’s new floating logistics hubs? Leidos outlines an intriguing plan to acquire oil rigs and convert them to everything from maintenance to medical hubs ...