Boom Supersonic has begun rig tests of the combustor section at the heart of the 35,000 lb.-thrust Symphony turbofan in development to power the Colorado-based company’s Mach 1.7 Overture airliner.

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

Saudi Aramco has extended multiple onshore and offshore drilling contracts for rigs operated by compatriot Arabian Drilling Company. The Saudi drilling giant this week said that “Aramco has extended ...

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OSLO (Reuters) - Tighter credit worldwide is likely to cool a boom in construction of offshore oil rigs, industry executives say, which may help keep daily rates high for drilling units as those now ...

New Mexico’s oil and gas industry is holding strong. It’s difficult to predict the booms and busts of the oil and gas industry, but academic expert Jim Peach points to rig counts as a measure to judge ...

Resource Rig Supply and Stena Drilling have once again chosen Grenland Group as their supplier of burner booms. Resource Rig Supply and Stena Drilling have once again chosen Grenland Group as their ...

SINGAPORE, Feb 16 (Reuters) - Singapore conglomerate SembCorp Industries Ltd. posted a 73 percent rise in quarterly profit on Friday, spurred by a strong performance at its offshore oil-rig building ...