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 ...

S&P could lower Precision’s rating if funds from operations to debt approaches 45% with no clear path to improvement, while an upgrade could occur if the company increases scale while maintaining ...

In the US, 548 rigs were working, down 1 unit from the prior week. With 192 rigs running in Canada, 1 additional rig was ...

There were 6 additional rigs drilling for oil this week in the US to end the week with 413. Oil-directed rigs in Canada increased by 5 units from a week ago.

I.1 Rig automation: Integration of mechanized equipment, sensors, and control software to execute repetitive and complex drilling tasks with minimal human intervention while maintaining safety ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back. The total ...

Muscat – Abraj Energy Services, Oman’s leading oil and gas field services provider, has been awarded four contracts worth a ...