Exciting News! Velesto has agreed to sell its NAGA 3 jack-up drilling rig for $63M to PT Indonesia Drilling Energy. This ...

US President Donald Trump promised to ‘drill, baby, drill’. After a year in office, the US oil rig count is steadily ...

Mineral exploration is often be considered to be a rudimentary process; one of hardcore geoscience, with prospectors poring over maps and collecting rock core samples using drilling technology that is ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

“As we have repeatedly seen in California and other parts of the country, offshore drilling is a ticking time bomb,” they continued. “Any expansion of offshore drilling in the waters off the coast of ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) (“Miata” or the “Company”) is pleased to announce the arrival of an additional drill rig at its Sela Creek Gold Project (“Sela Creek” or the ...

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker ...

Transocean Ltd (NYSE: RIG) provides offshore contract drilling services for the oil and gas industry. They have a fleet of 34 mobile offshore drilling units, which consist of 26 ultra-deepwater ...

Saudi Arabia's Arabian Drilling has signed an agreement with Dubai-headquartered Shelf Drilling, to develop an international presence for its recently grown fleet of offshore jack-up drilling rigs.

The number of drilling rigs working in the US and Canada fell by 13 the week ended Dec. 19, according to Baker Hughes.