ADNOC Drilling has secured a major $806 million contract from ADNOC Offshore for three new-generation island rigs to support ...

ADNOC Drilling has been awarded a contract for three island rigs by ADNOC Offshore, valued approximately $806 million, to ...

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the ...

The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a ...

We expect demand for rig equipment to remain low, settling around 500 active units by midcycle (compared with nearly 2,000 in 2014). NOV initially obtained its dominance through a series of ...