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 ...

Using a moveable rig, the wells are drilled and pass gas and oil via pipelines to a production platform. Subsea systems can be used at depths of up to 2100 meters.

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 ...