drilling rigs

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.

The combined company will get a new name and a new focus on offshore renewables and other clean energy projects.

Ecuador program will involve over 40 wells over 18 months.

The DS-16 is one of four Valaris rigs undergoing reactivation work for new drilling contracts.

Drillers are feeling good about higher oil prices, but only to a point.

The fresh investment will result in the manufacture of new drilling-related equipment to assist the national oil company in boosting production capacity.

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.

Aram block was awarded as part Brazil’s 6th Pre-Salt Round.

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.

The deal adds 16 super-spec land rigs to Patterson UTI’s domestic fleet and will result in the sale of Pioneer’s well service business.