drilling rigs

Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development.

No injuries were reported, and work has been suspended on the North Sea rig while the BOP is recovered.

ExxonMobil's Jason Gahr uses the five stages of grief to explain how the upstream industry should respond to the rise of AI.

Among the awards are contracts for four currently idle deepwater rigs.

Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.

Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.

Although the global total drilling rig supply is tightening as contractors sell off modern units for nondrilling purposes, day rates are expected to remain flat or dip in the near term, according to an analysis by Esgian.

This paper explores the integration of human factors engineering principles into rig move planning to enhance safety in the oil and gas industry. It discusses the significance of considering human factors such as fatigue, stress, communication, and decision-making in rig move operations.

Pacific Meltem and Pacific Scirocco will be sold out of the marketed fleet; Noble posts over $2 billion in fresh contract backlog.

Soft demand and mounting stacking costs drove decisions by Noble and Valaris to move on from units.