This is the moment a storm quickly descended on a drilling rig in Mentone, Texas on May 4. The clouds darkened as high winds ...

The deepest offshore oil well was over 35,000 feet by the Deepwater Horizon, and the Maersk Voyager operated in the deepest ...

Helmerich & Payne is undervalued due to macro headwinds, integration costs, and Saudi rig suspensions. Click here to read an ...

The number of total drilling rigs in the U.S. fell for the fifth straight week, down by 3 to 563 to the lowest level since November 2021, Baker Hughes reported Friday in its latest weekly survey. The ...

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Suppled Abu Dhabi: Drilling has landed a fresh $806 million contract from ADNOC Offshore to deliver three new build artificial island rigs—its second such award in less than a year. The long ...

ADNOC Drilling handed contract to expand operations with island rigs ADNOC Drilling Company has announced today it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated ...

The total number of active oil and gas drilling rigs in the US decreased by four to 576. US crude oil production fell to 13.477 million bpd, down from 13.481 million bpd the previous week.

Assigning a $150 million valuation to the Platinum Explorer would result in an estimated net asset value ("NAV") of $33.88 per share: Going forward, Vantage Drilling will mostly serve as a rig ...

Oil-directed rigs accounted for most of the sharp increase in the drilling rig count in Canada during the week ended Jan. 10. Oil-directed rigs accounted for most of the sharp increase in the ...