Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its ...

Some of the biggest US shale-oil producers plan to slash about 4% of their drilling rigs by the end of the year, according to a survey from one of the largest providers of the equipment.

Imagine standing on the banks of a calm Louisiana lake, birds darting overhead, and a light breeze rippling the water’s ...

U.S. crude oil prices have fallen more than 20% since Trump took office, to below $65 per barrel, making it unprofitable for ...

Finding new sources of critical minerals is a costly business. Worldwide, companies spent $12 to $13 billion on exploration in 2023. The upshot: mining is the definition of a hit-or-miss business.

ADNOC Drilling Company has been awarded a five-year integrated drilling services (IDS) contract valued at $1.63bn by ADNOC Offshore. The award covers the provision of directional drilling ...

XR130E Bore Pile CFA Drilling Rig configuration XR130E possess cutting-edge technology, which is capable of fully satisfying the d.... New Hyundai Everdigm D800 Drill Rig Power Meets Precision!

It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen ...

The Maryland Department of Emergency Management and the National Weather Service are partnering for the drill as part of Severe Storms Awareness Week. During the drill, the NWS will issue a ...

With the above developments, six rigs that were idle for part or the whole of 1Q25 are set to resume operations, laying the foundation for a significant improvement in utilisation, revenue and EBITDA ...

Mining companies are looking to automate their exploration drill rigs to lower costs and increase process efficiency. Credit: Parilov via Shutterstock. Mineral exploration is often be considered to be ...