The company announced on May 29 an agreement to acquire a 70% stake in SLB’s land drilling business in Kuwait and Oman for up to $112mn. This deal, its first international foray, includes eight ...

ADNOC Drilling has signed an agreement to acquire a 70% stake in SLB's land drilling rigs operations in Kuwait and Oman. This strategic move involves eight land rigs currently under contract with ...

The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder ...

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in ...

FARMINGTON, N.M. — The San Juan Basin, in the northwestern part of the state, is one of the oldest federal lands drilling areas in the U.S. It's a huge swath of barren, brown high desert that ...

Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. ... The oil and gas rig count declined by about 5% in 2024 and 20% in 2023.

The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder ...