Rig-ordering cycle which kicked off in Oct10 is unceasing. Sete Brasil has awarded contracts for the package of 21 drilling rigs, in which both Keppel and Sembcorp Marine (SMM) secured their fair ...

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9faced/offshore_rig_const) has announced the addition of the "Offshore Rig ...

Saudi Aramco has extended multiple onshore and offshore drilling contracts for rigs operated by compatriot Arabian Drilling Company. The Saudi drilling giant this week said that “Aramco has extended ...

WILLISTON, N.D. - North Dakota's oil boom has Terry Tinnes torn. On one hand, Tinnes makes more money than he knows what to do with while working as a "company man," a position that oversees a ...

A few years ago, I drove 500 miles across the flatland of Texas - mostly flat. We came over a ridge, and what spread out in front of us was the Permian Basin, a vast region once covered by a sea. It's ...

STERLING, Colo. - On the prairie of northeast Colorado, Roger Stumpff stands in a muddy lot and looks at the pieces of a giant blue-and-white drilling rig that have become the heart of his business.

OSLO (Reuters) - Tighter credit worldwide is likely to cool a boom in construction of offshore oil rigs, industry executives say, which may help keep daily rates high for drilling units as those now ...

Transcend Air's ground bound scale model test rig consists of an in-house fabricated boom, a one-fifth Vy400 scale model and a 2006 Toyota Sequoia SUV. Transcend Air plans to launch production of its ...

WILLISTON, N.D. -- North Dakota's oil boom has Terry Tinnes torn. On one hand, Tinnes makes more money than he knows what to do with while working as a "company man," a position that oversees a ...