Borr Drilling faces challenges with Q1/2025 losses, suspended dividends, and market pressures. Read why I am downgrading BORR ...

Lamprell reports that the contract for the construction of a LeTourneau Super 116E jackup drilling rig has now been confirmed following Scorpion's successful fund raising. Construction work on the ...

GustoMSC, the developer of the Chela crane, has transferred the multi-functional arm to Danish offshore driller Maersk Drilling.GustoMSC, which designs and engineers solutions for mobile offshore ...

JP Morgan analyst Arun Jayaram upped Noble Corporation plc (NYSE:NE)’s stock from “Neutral” to an “Overweight” rating and set a price target of $30.00. The analyst highlighted a shift in preference ...

Q1 2025 Management View CEO Patrick Schorn opened the call by noting, "Our first quarter results were largely as expected, reflecting the impact of temporary rig suspensions and preparatory work for ...

Discover the top 6 undervalued Energy Equipment & Services stocks for Tuesday, June 03 based on AAII’s Stock Grades.

UAE-based Adnoc Drilling has landed a $1.15bn jackup rig contract from state-owned Abu Dhabi National Oil Company (ADNOC). The deal will see the ADX-listed largest national drilling company in the ...

ADNOC Drilling has signed a $112 million agreement to acquire a 70% stake in SLB’s onshore drilling rig operations in Kuwait and Oman, marking a major step in the company’s international ...

A year ago, 103 units were drilling for gas. The number of rigs drilling on land decreased by a single rig to 563. The number of rigs drilling horizontally was down 2 units to 520. The number of ...

"ADNOC Drilling to acquire 70% stake in SLB’s Kuwait and Oman rig operations" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site ...

The US drilling rig count decreased 3 units to reach 563 rigs working. Canada's count decreased by 2 units. The US drilling rig count decreased 3 units to reach 563 rigs working for the week ended ...