STACK well results have been excellent, and rival results have been seen in the Permian. Since it's a newer play, chances are that well costs will reduce to a greater degree than in more mature plays ...

DICKINSON, N.D. -- When oil prices drop, rig workers winnow down and companies pull their drilling rigs into the Bakken's core, the discharged derricks and associated equipment have to go somewhere -- ...

Valaris, an offshore drilling contractor, is an attractive investment opportunity due to strong underlying fundamentals and a compelling valuation. We expect Valaris to start benefiting from higher ...

SAN FRANCISCO (MarketWatch) -- Todco said after the closing bell on Tuesday that it plans to reactivate three cold-stacked drilling rigs against term contracts from three independent oil and gas ...

This week's offshore rig review looks at the trends and changes in the number of rigs that are cold stacked around the world. This week, worldwide offshore rig utilization held steady at 83%, as 543 ...

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are ...

Recovery is a double-edged sword. Despite the healthier offshore rig market there are headwinds. Cost inflation plagues the industry. Materials, logistics and labour are pressure points throughout the ...

The international jack-up drilling heavyweights Shelf Drilling and Borr Drilling are seeing an improvement in market conditions and are looking optimistically at full fleet utilisation in 2022. Both ...

Offshore drilling giants Transocean, Noble and Valaris are ready to reactivate their hibernating deep-water drilling rigs as soon as the right customers materialise offering strong contracts. Demand ...

HOUSTON, July 6 /PRNewswire-FirstCall/ -- TODCO (NYSE: THE) today announced the reactivation of a cold-stacked drilling rig. THE 153, a 150 foot mat cantilever jackup ...

Simon Johnson, President and CEO, highlighted customer recognition of Seadrill’s operational excellence, noting, "The Sonangol Quenguela was awarded 2024 Rig of the Year by TotalEnergies, and the West ...