Demand for land rigs has pushed up utilization and day rates; additional increases should occur in 2005. Drilling contractors are adding rigs through strategic acquisitions and newbuild programs in ...

The recovery of the land drilling market is accelerating in North America due to solid natural gas prices and a growing focus on deep shale gas, leading to drilling fleet expansions. New land rigs, ...

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global land drilling rigs market provides an analysis of the most important trends expected to impact the market outlook from ...

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 ...

North America's rig count stayed flat week on week, according to Baker Hughes' latest North America rotary rig count.

Saudi Arabian oilfield services provider Arabian Drilling Company said it won multiple contracts from Aramco for ten additional land rigs. Arabian Drilling said the ten contracts awarded are for land ...

One thing that has separated Helmerich & Payne from its competition over the years has been its high-specification fleet and the ability to react to the market thanks to its sound balance sheet. There ...

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 ...

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Strong oil and gas demand and an accompanying price rise have helped revive a land drilling rig market ...

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 ...