The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 251 rigs active in the region. A year ago, 304 rigs were active in the region.

North America added eight rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on December 5. The total U.S. rig count increased by five week on ...

HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ("Borr Drilling" or the "Company") has entered into an agreement to acquire five premium jack-up rigs from Noble ...

The Kingdom 4 contract is the 45th order for the LeTourneau Super 116 series, which is part of Seatrium’s next-generation jack-up rig designs and is tailored for operational requirements in MENA.

The operator is looking to deploy 10 onshore and two offshore high-quality rigs for a period of two to three years India’s Cairn Oil & Gas has kicked off the bidding process to secure up to 12 onshore ...

Borr Drilling Limited (NYSE:BORR) is one of the best long-term penny stocks to invest in. Borr Drilling Limited (NYSE:BORR) announced on December 8 that it entered into an agreement for the ...

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"We are acquiring these rigs at an attractive price and at a point in the jack-up rig cycle where demand is showing signs of strengthening." The company has been profitable over the last twelve months ...