Valaris (NYSE:VAL) has entered into a definitive all stock merger agreement to be acquired by Transocean. The combination is set to create the largest offshore oil rig company in the public markets.
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The wave that sank the world’s largest oil rig
In February 1982, the Ocean Ranger, the world’s largest semi-submersible oil rig, faced one of the most violent North Atlantic storms ever recorded. The crew of 84 men trusted their floating fortress ...
A winter oil-drilling campaign planned by ConocoPhillips will proceed without interruption despite the dramatic wreck of an oil rig over the weekend. Doyon 26, claimed to be the largest mobile oil ...
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