Walk through almost any garage, barn, or workshop, and you'll probably find an old machine sitting in the corner waiting for ...

CHARLOTTE HARBOR, Fla. -- A rusting oil rig perched on the muddy bottom of the Gulf of Mexico, notorious for its vast "dead zone" off the Mississippi Delta, might seem an unlikely setting for a ...

SAN FRANCISCO, March 30 (Reuters) - Hercules Offshore Inc is trying to sell retired rigs as the U.S. drilling contractor faces analyst concerns about its outlook and debt in a tough market for oil and ...

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. A shortage of jack-up drilling rigs is looming in Asia Pacific due to the old age of the existing fleet ...