Drilling for oil is essential to the Permian Basin and across the country by powering the economy and providing workforce ...

CIBC lowered the firm’s price target on Precision Drilling (PDS) to C$95 from C$115 and keeps an Outperformer rating on the shares. The decision from OPEC+ to accelerate the phaseout of ...

Raymond James downgraded Precision Drilling (PDS) to Outperform from Strong Buy with a price target of C$124, down from C$141. The firm brought down its U.S. active rig count, day rate ...

While ADNOC Drilling remains focused on ADNOC’s upstream expansion, Salem says the company is actively pursuing regional growth to diversify its revenue streams. It has already established operations ...

Borr Drilling (NYSE:BORR) +9.3% pre-market Tuesday after announcing new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs.

Shallow-water drilling contractor Borr Drilling has received good news in Mexico where three of its jack-up rigs had been suspended, while also reporting new contracts for three other jack-ups in ...

Malinao in Albay. Through PGPC’s drilling rig, Pioneer 1, exploration activities are now in full swing as part of efforts to develop a geothermal steam field at Mt. Malinao. The project is ...

Offshore drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world.

Using the Pioneer 1 drilling rig, PGPC is assessing the geothermal potential of Mt. Malinao, a site projected to supply up to 49 megawatts (MW) of renewable energy once fully developed. Mt. Malinao is ...

European supermajor Shell has signed a contract with Aberdeen-headquartered Stena Drilling for the charter of the drillship Stena DrillMax to carry out an exploration campaign offshore Suriname.

has signed a contract with Borr Drilling’s affiliate Borr Gerd Limited for a jack-up drilling rig, which will be used in a campaign offshore Benin in West Africa. Lime Petroleum signed up the Gerd ...

The jack-up rig is scheduled to undertake a drilling operation at the Montara field. This drilling operation represents significant part of Jadestone Energy’s capital program for 2025.