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 ...

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 ...

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 ...

Parker Drilling has been awarded new contracts for six of it's international land rigs in Libya, Mexico and Kazakhstan. Of the six rigs fulfilling these contracts, five are mobilizing from inactive ...

BANGALORE, Aug 3 (Reuters) - Contract driller Rowan Cos Inc reported a quarterly profit that beat analysts' estimates, backed by strong land rig utilization, and said clients were shifting capital ...

Rig owner Nabors is expected in the coming weeks to sign an agreement to purchase Parker Drilling's entire fleet of seven jack-ups in the Gulf of Mexico and about 20 land rigs in Latin America for ...

ConocoPhillips said it anticipates no impact to its Alaska drilling plans after a rig set for exploration and pre-drilling at ...

North America dropped five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on May 30. The U.S. dropped three rigs week on week and Canada cut ...

Helmerich & Payne, Inc. (NYSE: HP) today announced that notice has been received to recommence operations on seven land rigs in Saudi Arabia that are currently under suspension. The reactivations will ...

HOUSTON, Aug. 29-- Patterson-UTI Energy Inc., a drilling contractor based in Snyder, Tex., agreed to buy $100 million of rig components from National Oilwell Varco Inc. to build 15 land drilling rigs ...