The US onshore rig count was on a continuous slide until the week ended May 22, falling for 25 straight weeks. After looking slightly stable for a bit, they’re turning downward again.

Schlumberger is working to design its own proprietary onshore drilling rig aimed at the global market ... s $11 billion buyout of drill bits giant Smith International in 2010, Kibsgaard said ...

Drilled in just below 1,500 metres of water and encountering pressure of 12,000 psi, it was not a record breaker ... 11.5 times more effective than an onshore rig, and at $100 a barrel, amounts ...