Drilling in its broadest sense is any process that involves making a circular hole in a solid material or hard surface using a boring tool. With thousands of applications across industries, drilling ...

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 ...

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, ...

The Drilling Rig Market is poised to grow from USD 86.92 billion in 2025 to USD 140.75 billion by 2033, recording a CAGR of 6 ...

Originally conceived as a bottom-supported drilling unit, semisubmersibles eventually found their true calling. Now, semisubs are the most stable of any floating rig, many times chosen for harsh ...

Since the first jackup was built in 1954, jackups have become the most popular type of mobile offshore drilling unit (MODU) for offshore exploration and development purposes. In fact, there are ...

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WASHINGTON — In the days since President Obama announced a moratorium on permits for drilling new offshore oil wells and a halt to a controversial type of environmental waiver that was given to the ...

Dublin, Nov. 24, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Drilling Rigs Market Report and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering. The Saudi Arabia drilling ...

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