Brazilian state-controlled oil company Petrobras has welcomed four commercial proposals in a tender to charter a jack-up drilling rig for intervention work at several shallow-water fields in the ...

The case imperils Brazil’s plan to boost crude output because Transocean operates 10 out of the 61 rigs working in the country and it would be hard to replace them in a tight market for oil ...

Foresea operates a fleet of five drilling rigs — all on hire with Petrobras — plus a services contract with Brazilian independent Prio resulting in a backlog of $1.7 billion.

Brazilian president Dilma Rousseff signed the ... they will operate with platforms similar to those used for offshore oil drilling and thus avoid urbanization in the surroundings and the need ...