In its last weekly release, Baker Hughes Company BKR stated that the U.S. rig count was in line with the prior week’s figure.

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 ...

Talos Energy has begun drilling a second well at its Katmai West field in the ... Talos had hoped to spud the well earlier ...

Substructures are the structural components of land and water-based oil platforms which support the derrick, mast, or other rig components ... and low back platform to accommodate drilling equipment, ...

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 ...

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 ...