Today, Chinese rigs demonstrate exceptional performance in handling complex geological conditions and deep well drilling, with some high-end equipment matching or exceeding global standards.

The company is Canada’s largest drilling rig contractor, and as such, serves as a barometer for the overall health of the country’s energy sector.

That pipeline has served to boost prices for Canadian heavy oil. Neveu said as a result, demand for Precision’s rigs in this country is at “historic highs.” He said the uptick in demand is coming both ...

Canada’s largest oil-and-gas drilling rig company says the profit works out to $2.77 per share, compared to the $20 million profit, or $1.45 per share, it earned in the third quarter of 2023.

Offshore drilling firm Shelf Drilling has secured $234 million in contracts and extensions for two of its jack-up drilling rigs - Shelf Drilling Achiever and Adriatic I - for work offshore West Africa ...

China's Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling rig in ...

The drilling operations will be conducted with COSL Drilling’s COSLProspector semi-submersible drilling rig. COSLProspector can operate in water depths up to 1500 meters and drilling depths to 7500 ...

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 1 this week ...