Drilling
News
October 30, 2025
Sunda Energy is advancing preparations for the Chuditch-2 appraisal well offshore Timor-Leste, targeting drilling in early 2026, while expanding its Southeast Asian upstream portfolio with two new offshore licenses in the Philippines.
News
October 28, 2025
ADNOC Drilling reported record financial performance for the third quarter and first nine months of 2025, underscoring its role as ADNOC’s upstream growth engine and a key contributor to Abu Dhabi’s long-term energy strategy.
News
October 28, 2025
Odfjell Technology has been awarded a five-year contract to deliver fishing services for drilling and workover operations with a major oil and gas company in Kuwait, marking a continued expansion of its well services portfolio in the Middle East.
News
October 24, 2025
Baker Hughes has won a multi-year contract from Aramco to expand coiled tubing drilling operations across Saudi Arabia’s gas fields, increasing its fleet from four to ten units. The project will enhance gas recovery and support the Kingdom’s drive to accelerate natural gas production.
News
October 23, 2025
The Trump administration has reopened Alaska’s Arctic National Wildlife Refuge for oil and gas leasing, reversing a Biden-era ban and paving the way for a winter lease sale. Interior Secretary Doug Burgum said the move will expand U.S. fossil fuel production across 1.56 million acres of the Arctic coastal plain.
News
October 21, 2025
Halliburton reported $5.6 billion in Q3 2025 revenue, led by North America growth and steady international results. Adjusted earnings rose to $496 million as the company emphasized cost discipline, technology leadership and shareholder returns.
News
October 21, 2025
Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030.
News
October 10, 2025
U.S. geothermal lease bids have surged to record highs, driven by data-center energy demand and advances in drilling and completions technology. Oilfield methods such as fracing and high-temperature well design are powering geothermal’s next growth phase.
News
October 07, 2025
ReconAfrica is drilling ahead into the Otavi carbonate reservoir at its Kavango West 1X exploration well in Namibia. The company expects to reach total depth in November, followed by a full evaluation of the reservoir section.
News
October 03, 2025
Unit Corporation has sold its Unit Drilling Company subsidiary to Cactus Drilling in a $120 million all-cash transaction, marking a strategic exit from the contract drilling business. The divestiture allows Unit to sharpen its focus on upstream oil and gas operations and pursue new drilling opportunities.
News
September 29, 2025
Carlos Slim’s Grupo Carso has secured a $1.99 billion contract with Pemex to drill 32 wells at the Ixachi gas and condensate field in Veracruz. The project affirms Pemex's efforts to boost output amid mounting debt and a push for energy self-sufficiency by 2027.
News
September 23, 2025
Condor Energies has launched a multi-well drilling program in Uzbekistan as the Canadian independent looks to expand natural gas production and reserves across its portfolio in Central Asia.
News
September 15, 2025
TAQA (Industrialization & Energy Services Company) has introduced the Esaar™ mud motor, designed to improve drilling performance and serviceability. Built for durability in high-torque and corrosive conditions, the motor has been field-tested across a range of well types.
News
September 11, 2025
Pelican, Greenland Exploration, and March GL have merged to form Greenland Energy, advancing oil and gas drilling in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic.
News
September 10, 2025
MOL and O&GD have discovered a new oil field at a depth of approximately 2,400 m near Galgahévíz, Hungary. The well, named Galgahévíz-4, is capable of producing approximately 1,000 bopd, which is processed at the Danube Refinery in Százhalombatta.
News
August 28, 2025
Borr Drilling has announced contract awards for two of its premium jack-up rigs to operate in the North Sea as well as offshore Congo, West Africa. The contracted work will span over 300 days and represent more than $43 million in contract revenue backlog, Borr Drilling said.
News
August 25, 2025
Seadrill Limited today announced Sonadrill Holding Ltd, its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded two contracts. The West Gemini secured a contract with Sonangol Exploração & Produção, S.A. for work in Angola.
News
August 20, 2025
Nabors has entered into a definitive agreement to sell its Quail Tools, LLC subsidiary to Superior Energy Services, Inc. for $600 million. The transaction reduces Nabors' net debt by more than 25%.
News
August 05, 2025
Oil-drilling activity in Argentina’s Vaca Muerta shale patch is set to weaken in the near term as companies restrain spending, said the chief executive officer of the region’s biggest crude producer YPF SA.
News
August 04, 2025
ADNOC Drilling Co. is planning to buy a company operating oil and gas rigs in Kuwait and Oman, which would be the second such deal in less than a year as the United Arab Emirates-based firm expands beyond its home market.
News
July 30, 2025
ADNOC Drilling has published its financial results for the second quarter (2Q) and first half (1H) of 2025, announcing record-breaking performance across revenue, EBITDA and net profit while maintaining strong momentum in shareholder returns and delivering regional expansion.
