Petrobras let contracts to EBS Perfurações and Conterp for new drilling rigs to expand onshore oil and gas production in Brazil's state of Bahia. On Dec. 31, 2024, gas from the first phase of ...

CONSTANTA, Romania, Feb 25 (Reuters) - On a frigid morning on the Black Sea the sun is glaring into the quiet navigation room of the massive semi-submersible drilling rig Transocean Barents ...

The number of active rigs drilling for oil and gas in the U.S. rose by 4 to 592 for a fourth consecutive weekly gain, Baker Hughes said Friday in its latest report. Despite the increase to the ...

Odfjell Drilling, with a market capitalization of $1.35 billion, reported a strong financial performance for Q4 2024, with operating revenue reaching $204 million and a net profit of $15 million. The ...

Continued innovation with carbon storage projects and BOP upgrades. Strong contract backlog and price to option suggest robust future prospects. Odfjell Drilling delivered a robust performance in ...

Vår Energi has made an oil discovery in the operated Zagato exploration well near the Goliat field in the Barents Sea, marking a third oil discovery in a row the area.The preliminary estimated gross ...

An estimated 12 jack-up drilling rigs are subject to contract suspensions by the Mexican national oil company Pemex, but there are indications the rigs will start being brought back into service ...

Transocean (RIG), a provider of offshore drilling services for oil and gas wells, looks to leverage its fleet, which is focused on ultra-deepwater and harsh environment drilling services ...