The premise of a jackup rig is that it is self-elevating; here, the legs are stationed on ocean floor and the drilling equipment is jacked up above the water's surface. Providing a very stable ...

Originally conceived as a bottom-supported drilling unit, semisubmersibles eventually found their true calling. Now, semisubs are the most stable of any floating rig, many times chosen for harsh ...

Drilling rigs are machines that create holes (boreholes) and/or shafts in the ground. They are equipped with deck engines or truck engines, hoists or lifts, compressors, pumps, and pipe-handling ...

US supermajor Chevron has awarded Shelf Drilling two-year contract extensions for its jack-up rigs Shelf Drilling Chaophraya ...

U.S. officials are proposing tighter restrictions on oil, solar and wind energy development across more than 6,500 square ...

Active rigs drilling for oil and gas in the U.S. remained flat for the third consecutive week at 585, Baker Hughes said Friday in its latest report. Drilling rigs targeting crude oil in the U.S. were ...

In response, someone took exception to my claim by stating that he works in the industry, and drilling rigs are stacking up. It is correct that the rig count has fallen. According to data from ...

The total number of active drilling rigs for oil and gas in the United States saw no change again this week, according to new data that Baker Hughes published on Friday, after holding steady in the ...

China's Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling rig in ...

Opinions expressed by Forbes Contributors are their own. Robert Rapier is a chemical engineer covering the energy sector. One of the most popular articles I have ever written is Average Gasoline ...

The Zacks Oil and Gas - Drilling industry is contending with multiple challenges. First, the U.S. rig count has fallen year over year, slowing drilling activity and impacting service companies ...

My name is Elliot, and I will be coordinating your call today. Now, I would like to hand over to Natalie Fisher, Director of ...