Drilling
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.
News
July 18, 2025
California Governor Gavin Newsom is proposing a bill to streamline permitting for new oil wells that environmental groups say would wipe out scrutiny of the industry.
News
July 17, 2025
Chevron is cutting drill rigs and frac crews in the Permian basin as it approaches its long-term target of producing 1 million boed in the region. “We’re going from growth to cash generation," said Bruce Niemeyer, who heads up Chevron's shale business.
News
July 14, 2025
Falcon Oil & Gas Ltd. has completed successful flow-rate tests and commenced its 2025 drilling campaign in Australia’s Beetaloo sub-basin. The flow rate results are comparable to top shale wells in the U.S., and the drilling campaign will be the largest in the Beetaloo to-date, said Falcon's CEO.
News
July 10, 2025
Horizon Petroleum Ltd. announced substantial progress has been made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland.
News
July 08, 2025
U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
July 02, 2025
Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural gas at a protected marine site in the North Sea in a controversial step to bolster energy security following the Russia-Ukraine war and subsequent energy crisis.
News
June 23, 2025
Under the agreement, Cactus will build on its current use of SLB’s Precise™ automated drilling control systems by integrating DrillSync™, SLB’s automated controls platform and software suite. These technologies will work together to improve drilling efficiency
News
June 17, 2025
Workrise has announced an exclusive licensing agreement to bring Shell’s U-lateral drilling technology to operators across the U.S. The U-lateral technique allows operators to reduce drilling costs and save time while increasing production capacity.
News
June 16, 2025
ADNOC Drilling has appointed Abdulla Ateya Al Messabi as its new Chief Executive Officer (CEO). Abdulrahman Abdulla Al Seiari, the company’s current CEO, will retire at the end of the year following more than 45 years of dedicated service to ADNOC and ADNOC Drilling.
News
June 02, 2025
Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes' surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake.
