Velesto has entered into a sale and purchase agreement with PT Indonesia Drilling Energy for the sale of its jack-up drilling ...

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 ...

The golden era of excess is over. For oil drillers, the game is no longer about volume; it’s about surviving in a world where less gets priced like more. Years of underinvestment, geopolitical tension ...

The number of total oil and gas drilling rigs in the U.S. fell by 2 to 537, the lowest total since October 2021 and posting its 11th consecutive weekly decline, Baker Hughes reported Friday in its ...