With a well reaching new depths and fundraising hitting new heights, Fervo Energy's enhanced geothermal system development is ...

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data ...

Blackbeard’s treasure is buried beneath the Permian’s Central Basin Platform. While oil majors chase deeper waters, the ...

The Department of Energy (DOE) officially launched the Malampaya Phase 4 (MP4) drilling operations with the ceremonial ...

Adnoc Drilling, the Middle East's largest drilling company, was awarded a $1.15 billion contract for two jack-up rigs by Adnoc Offshore as the company continues to expand its fleet. The 15-year ...

ABU DHABI - ADNOC Drilling Company announced today the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. The contract ...

Under the contract, Velesto’s NAGA 4 jack-up rig will undertake drilling activities for more than 40 wells. Operations are expected to begin in first-half 2026.

The jack-up drilling market is much healthier today than in 2017 or 2018, so I view the assumption of $150 million per rig as a worst-case scenario. Borr Drilling Net Asset Value Calculation ...

ADNOC Drilling said its two new jack-up rigs have arrived in the UAE, and will start operating by Q1. This takes the fleet size to 142 rigs, making the company among the largest rig fleet owners in ...

Shelf Drilling received notification from a Middle Eastern customer that the latter would suspend the operations of four jack-up rigs. Shelf Drilling Ltd. has received notification from a Middle ...