Strickland Metals has fired up a sixth rig at its 7.4M-ounce gold equivalent Rogozna project in Serbia as the company eyes a maiden resource at the gold-rich Gradina deposit by year’s end.

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig ...

Drilling at the Elektra-1 well offshore Cyprus has found natural gas but not in marketable quantities, the energy ministry stated on Monday.“Well data and preliminary evaluation work indicate the ...

Baker Hughes reports a significant drop in U.S. rig count due to tariff-fueled energy market turmoil, with Texas seeing the ...

Like Texas, the Permian Basin was down three rigs to 294 rigs for the week and the lowest level since February 2022. The ...

The biggest change occurred among contracts ... As we discussed in the previous rig review, we had expected to find drilling contractors offering more favorable day rates to entice operators ...

The Company also has received the commitment of a long-standing customer to execute a three-year drilling contract upon the rig's delivery, which is expected in June 2008. The cost of the rig ...

The infill drilling was conducted as part of FireFly's extensive six-rig drill program; This is designed to create value by simultaneously extending known mineralisation, upgrading the Resource ...

In the Permian basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale basin, the rig count fell by ... prompt producers to boost drilling activity this year after ...