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.

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 ...

Dublin, April 29, 2025 (GLOBE NEWSWIRE) -- The "Offshore Drilling Rigs - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" has been added to ResearchAndMarkets.com ...

Borr Drilling is currently trading at an enterprise value per rig of ~120 million, or below what was observable in 2017 and 2018 when market conditions were much more challenging. The highly ...

As President-elect Donald Trump extolled the virtues of natural gas during a post-certification speech Tuesday, details emerged about a proposed $309 million Nicor Gas rate increase that seeks to ...

Shallow-water drilling contractor Shelf Drilling has received a notice of suspension of operations for one of its jack-up drilling rigs operating in Saudi Arabia. Approximately 29 jack-up drilling ...

Canada’s largest oil-and-gas drilling rig company says the profit works out to $2.77 per share, compared to the $20 million profit, or $1.45 per share, it earned in the third quarter of 2023.

China's Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling rig in ...