Drilling activity showed a marginal increase for the first time in three weeks. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count edged one rig higher to come in at 593 rigs, ...

Drilling activity posted its first decline in six weeks during the first week of March. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was down one rig to 592 rigs. That’s ...

Salunda has announced it has launched the Latch Hawk 2 fingerboard latch monitoring device, with the aim of preventing ...

GCC Oilfield Service Market – Industry Trends & Forecast Report, 2029 ...

ADNOC Drilling Company PJSC confirmed shareholders’ approval of all agenda items at its Annual General Meeting, including the ...

ADNOC Drilling’s full-year revenue increased significantly to a record $4.034 billion, rising by 32% year-on-year and its ...

Looking ahead, the dividend is expected to increase to at least $867 million for 2025, reaching at least $1.15 billion by ...

The rig is part of a $300 million contract covering deepwater exploration offshore Brazil, where it will operate in water ...

Toronto, Feb. 27, 2025 (GLOBE NEWSWIRE) -- IMR Market Reports is pleased to announce the publication of its latest report, Oilfield Drilling Elevator Market. This in-depth analysis shows that the ...

U.S. drilling activity remains steady with 592 rigs, but the Permian Basin sees a decline, falling three rigs to 301.

“The introduction of advanced rigs with AI-enabled technologies will enhance efficiency and bolster … [ADNOC Drilling’s] oilfield services (OFS) segment, delivering greater value to ...