DRILLING contractor GlobalSantaFe will exit the land drilling business through the planned sale of its land drilling assets to Canada's Precision Drilling for $316.5 million in cash. The two companies ...

Parker Drilling was awarded new contracts for three land rigs to subsidiaries operating in Mexico and Kazakhstan. Parker Drilling was awarded new contracts for three land rigs to subsidiaries ...

SAN ANTONIO, Sept. 5 /PRNewswire-FirstCall/ -- Pioneer Drilling Company (Amex: PDC) today reported that the ninth rig of its 16 rig new-build program has commenced ...

SLB (NYSE:SLB) said Thursday that ADNOC Drilling agreed to acquire a 70% stake in its land drilling rigs business in Kuwait and Oman for as much as $112M, creating a joint venture the companies aim to ...

The contractor has explored the potential divestment of LeTourneau in the past, most recently as a result of pressure from large shareholders within the company who believed the full value of the ...

HOUSTON, Aug. 29-- Patterson-UTI Energy Inc., a drilling contractor based in Snyder, Tex., agreed to buy $100 million of rig components from National Oilwell Varco Inc. to build 15 land drilling rigs ...

Both post strong results on high rig utilization Helmerich signs contract for 9 FlexRigs Patterson shares rise as much as 4 pct Helmerich shares rise as much as 2 pct BANGALORE, July 29 (Reuters) - ...

Rising energy claims against a reducing premium base; and the increased cargo accumulation risk onboard vessels and in port continue to challenge marine insurers. Statistics released at the ...

Drillers and drilling service companies continue to build new land and offshore rigs, although yards are full and there is some softening in the North American land rig market. This picture emerged ...

In its weekly release, Baker Hughes Company BKR stated that the U.S. rig count was higher than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers ...

Egyptian Drilling's EDC Rig 53, a newbuild heavy land rig, has been commissioned and commenced a one year contract with Merlon El Fayum in the Western Desert of Egypt. Egyptian Drilling's EDC Rig 53, ...