New York, March 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Horizontal Directional Drilling Market By Component, By Machine Type, By Machines Parts, By ...

Statoil let a contract to Aker Solutions to hire a category B drilling rig, a new type of rig, which is designed to increase recovery from the company’s operating fields on the Norwegian continental ...

The recovery in the offshore drilling industry is just getting started, especially in the drillship and jack-up rig segments, according to market analysts. Esgian’s current estimate for reactivating a ...

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. The contract for the two category D rigs is worth an ...

This week's offshore rig review looks at the combined Transocean-GlobalSantaFe fleet in comparison with other drilling contractor's fleets. With the recent announcement of the proposed merger of ...

Oil prices remain strong, surpassing $80/bbl this year, keeping operators motivated and contract drillers busy despite depressed natural gas prices. Worldwide use of drilling rigs continued to ...

The offshore drilling industry continues to show some signs of a recovery, but it is a very weak and sporadic one. The utilization rate for the ultra-deepwater semisubmersible fleet plunged to the ...

The horizontal rig count decreased by 48 from the previous week’s count. This was the eighth straight weekly fall. Currently, there are 1,253 horizontal rigs. The count now is 119 less than the 1,372 ...