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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…
Wednesday, 10 October 2018 18:33

Rowan Sells Two Jack-up Rigs to ARO Drilling

Image: Rowan Companies Texas-based offshore drilling contractor Rowan Companies announced that it has concluded the sale of two LeTourneau TARZAN…
Russia's RDIF sovereign wealth fund and U.S. oilfield services provider Schlumberger plan to complete a deal soon to buy a…
Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's…
Monday, 08 October 2018 04:10

Ensco to Buy Rowan in $2.38 Bln Deal

Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal…
North American drilling contractor Precision Drilling Corp on Friday said it would buy Trinidad Drilling Ltd in a deal valued…