The premise of a jackup rig is that it is self-elevating; here, the legs are stationed on ocean floor and the drilling equipment is jacked up above the water's surface. Providing a very stable ...

resting on the ocean floor. But, as time progressed, naval architects realized that the rig would maintain its stabilization if the bottles were only partially submerged, but be able to drill in ...

Drilling activity extended its winning streak to five weeks, the first such consecutive increase since May 2022, Baker Hughes said Friday its weekly U.S. rig count was up one rig to 593 rigs, the ...