The company warns tariffs and weak oil prices will hit oilfield activity on the continent and hurt its revenues also.

A key pledge of President Donald Trump’s energy policy is to “unleash American energy,” make the U.S. energy industry ...

The ultra-deepwater drillship Atlantic Zonda has started its long awaited drilling assignment for Brazil’s top player ...

The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras ...

Extending the lifespan of its existing rigs, ensuring maximum uptime and delivering consistent performances in the drilling ...

Headwinds in its energy equipment segment include rampant inventory cannibalization and overall reduced demand for new builds. Overexuberant investment in rig equipment throughout the 2010s left most ...

Automated exploration drill rigs are the next frontier for mining, but what innovation is emerging and is it happening fast ...

While ADNOC Drilling remains focused on ADNOC’s upstream expansion, Salem says the company is actively pursuing regional growth to diversify its revenue streams. It has already established operations ...

Shallow-water drilling contractor Borr Drilling has received good news in Mexico where three of its jack-up rigs had been suspended, while also reporting new contracts for three other jack-ups in ...

Offshore drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world.

Lime Petroleum signed a contract with Borr Gerd Limited for the Gerd jackup rig, which will be used for a 120-day drilling campaign in Benin. The Sèmè Field in Benin is operated by Akrake, which holds ...

Rex International’s 80.14% subsidiary, Lime Petroleum Holdings, has signed a contract with Borr Gerd for a modern-built jack-up rig, which will be used for a 120-day drilling campaign in Benin, a ...