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The  exploration and production company Hess Corporation said that Aspy probe did not encounter commercial quantities of hydrocarbons. Image: Hess…
Drilling company Ades International Holding has bought 12 onshore rigs from Weatherford in Kuwait for $ 123 million. Image: Weatherford…
Friday, 02 November 2018 07:28

Canadian Oil & Gas Drilling Slipping

Canadian drilling activity will fall 5 percent in 2019, as deep price discounts discourage production, an industry group forecast on…
Portugal's Galp Energia and its Italian partner ENI have abandoned plans to drill Portugal's first deep-water offshore exploration well due…
Monday, 29 October 2018 04:21

Stena Drilling Rig Gets an Engine Overhaul

The first phase of a new diesel engine maintenance and service program has been completed for vessels owned by international…
The oil and natural gas company Pan Orient Energy Corp announce that the L53-DD1 exploration well encountered an interpreted, combined…
Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra…
Offshore ultra-deepwater drilling company Pacific Drilling announced that its deepwater drillship the Pacific Bora has been awarded a contract by…
Interior Secretary Ryan Zinke has hinted to at least six coastal states that he will keep their waters out of…
Monday, 15 October 2018 07:02

Offshore Drillers Eye Recovery by 2020

Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are…
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