Statoil is awarding Aker Solutions a contract today for hiring of an entirely new type of rig, which represents an important technological advance for the industry. The category B rig will represent ...

Statoil let a contract to Aker Solutions to hire a category B drilling rig, a new type of rig, which is designed to increase recovery from the company’s operating fields on the Norwegian continental ...

DUBLIN--(BUSINESS WIRE)--The "Rotary Drilling Rig - Global Market Outlook (2016-2022)" report has been added to Research and Markets' offering. Growing exploration & production activities, recent ...

Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery. For the most part, the offshore rig fleet ...

Even though more than 1,000 rigs are inactive in the US, drilling contractors are building new land rigs to satisfy operator demand for improved technology. In the case of Nabors Drilling USA LP, ...

Below the surface, there may be some variances in the pace of decline of the various drilling rig types that could moderate the optimism of a quick production reaction. This opinion piece presents the ...

The offshore drilling industry continues to show some signs of a recovery, but it is a very weak and sporadic one. The utilization rate for the ultra-deepwater semisubmersible fleet plunged to the ...

Offshore drilling remains resilient this year with strong activity in Latin America, Southeast Asia and other hotspots, but the sector has less appetite for building new drilling rigs after learning ...