Malaysian drilling contractor Velesto Energy has won a contract for its jack-up rig Naga 8 to support infill drilling activities at Jadestone Energy’s East Belumut field offshore Malaysia. The company ...

Exciting news! Velesto secures a $16.5M drilling deal with Jadestone at the East Belumut field. Operations to begin in March ...

ONGC aims to charter all five rigs on a four-year term, with a likely extension of up to one year, a tenure said to be highly lucrative for the offshore drilling sector ...

The number of oil and gas rigs actively drilling in the US stayed unchanged at 551 for the second straight week, Baker Hughes reported.

In the cyclical oilfield services sector, execution and integration often determine which companies outperform when activity ...

The deconstructed rig will ultimately be cleaned and ultimately be transported to a recycling facility,” the incident team said.

Shijiazhuang, China] — Drillto, a prominent manufacturer of horizontal directional drilling (HDD) equipment, has successfully consolidated its position in the global HDD market with its robust product ...

An accident involving a massive rig used in ConocoPhillips’ North Slope drilling program on Friday will not have a significant impact on the company’s exploration activity this winter, company ...

Add Yahoo as a preferred source to see more of our stories on Google. Jan. 24—A massive drilling rig operating on ConocoPhillips' behalf toppled over while traveling along a gravel road on Alaska's ...

A massive drilling rig operating on ConocoPhillips’ behalf toppled over while traveling along a gravel road on Alaska’s North Slope on Friday afternoon, local and company officials said. No one was ...

FARGO, N.D. (Valley News Live) - For the first time in more than 30 years, North Dakota’s Bakken shale formation will be without drilling rigs operated by Harold Hamm’s Continental Resources Inc., the ...