Topside Explained: Key Features and Parts of Offshore Rigs

Explore what topside means for offshore rigs. Understand its structure, key components, and importance in oil extraction ...
SlashGear

5 Realities Of Oil Rig Jobs No One Talks About

Oil rigs, particularly the offshore type, are one of the most fascinating parts of the global energy industry. How do they work? How big can they get? Do they float on water? It's not surprising that ...
Nasdaq

BW Energy: Completes Maromba FPSO financing and signs short-term lease for the development rig

BW Energy is pleased to announce the completion of a USD 365 million project finance facility, backed by China Export & Credit Insurance Corporation (“Sinosure”), to fund the refurbishment and ...
Upstream

Chinese owner moves to offload ageing semisub rig

Chinese offshore assets owner ICBC Leasing is preparing to sell the semi-submersible drilling rig Nanhai 7, continuing its strategic shift away from non-core offshore assets, according to a WeChat ...
Upstream

Shanghai yard in the hunt for rigs

The company is in talks with China's largest offshore oil and gas operator China National Offshore Oil Corporation (CNOOC) to build a jack-up rig and will likely conclude a deal early next year, a ...