drilling rigs
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New awards and extensions to previous work are valued at almost $500 million.
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A new report shows that the tight offshore rig market is even tighter than most estimates reflect. This offers relief to battered drilling contractors which are now demanding higher dayrates.
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The combined company will get a new name and a new focus on offshore renewables and other clean energy projects.
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Ecuador program will involve over 40 wells over 18 months.
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The DS-16 is one of four Valaris rigs undergoing reactivation work for new drilling contracts.
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Drillers are feeling good about higher oil prices, but only to a point.
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The fresh investment will result in the manufacture of new drilling-related equipment to assist the national oil company in boosting production capacity.
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ExxonMobil has drilled a horizontal well with a rig billed by Nabors as the first fully automated land rig. The big question now is whether ExxonMobil will come back for more after this three-well test.
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Aram block was awarded as part Brazil’s 6th Pre-Salt Round.
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In a natural pivot from oil and gas E&P, former oilfield executives are taking up the hunt for helium. Helium is used in a wide variety of products, such as rocket ships and computer chips, and, while there is still plenty left to find on Earth, finding quality commercial quantities can be a difficult task and reserves are running low.