In this video, Andres Calabressi, Head of Manufacturing at Quaise Energy, describes the first demonstration of the company’s novel drilling technique on a full-scale oil rig.

Alaska has never been short of energy resources, being home to the single biggest oil discovery in US history, Prudhoe Bay.

Ukraine's leading natural gas producer, state-run firm Naftogaz, will receive a 36.4 million euro loan from the European Bank ...

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

Equipment manufacturer Sandvik Mining has launched its AutoMine Surface Fleet solution, aiming to shape the future of ...

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 ...

Transocean Ltd.’s RIG semi-submersible drilling rig, Transocean Barents, is making its way to the Neptun Deep project for a 10-well drilling mission, marking a significant phase in Romania’s ...

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 ...