Demand for land rigs has pushed up utilization and day rates; additional increases should occur in 2005. Drilling contractors are adding rigs through strategic acquisitions and newbuild programs in ...

The recovery of the land drilling market is accelerating in North America due to solid natural gas prices and a growing focus on deep shale gas, leading to drilling fleet expansions. New land rigs, ...

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 ...

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 ...

LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global land drilling rigs market provides an analysis of the most important trends expected to impact the market outlook from ...

Saudi Arabian oilfield services provider Arabian Drilling Company said it won multiple contracts from Aramco for ten additional land rigs. Arabian Drilling said the ten contracts awarded are for land ...

Management is confident that its business model is well suited to meet the shale drilling industry's needs over the next several years. Here are several quotes from its last conference call that ...

The company’s expanded rig fleet also means Ecopetrol can expand the scope of its strategy to investigate the country’s little-explored La Luna shale formation. International land rig contractors were ...

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 ...