Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices.
A reduction in rig counts
Britain's oil industry is facing the threat of a cascade of North Sea rig closures, unless ageing platforms can urgently source more gas to help squeeze out the remaining barrels, said experts.
The potential threat to oil reve
A new land rig has been inaugurated by the National Drilling Company (NDC) as part of the company’s fleet expansion programme.
The new rig will help the company to step-up its ability to perform specific drilling operations that r
Shelf Drilling plans to raise at least $500 million in an initial public offering on the London Stock Exchange, joining other Gulf-based oil services firms seeking a listing on the bourse.
The Dubai-based offshore oil rig operator
A giant Chinese oil rig has finished its first round of drilling in South China Sea waters also claimed by Vietnam and moved to another site in the area, the rig's operator, China Oilfield Services (COSL) , said on Tuesday.
Drydocks World, the Dubai-based group which has undergone a multi-billion-dollar debt restructuring, said it had been commissioned to construct “Dubai Expo 2020 NS,” the largest rig ever built for the North Sea in a deal worth $730 m
Drydocks World, a leading ship and offshore repair and new building company, has launched a self elevating platform built at a contract value of $24.6 million from its dedicated rig building facility in Graha, Indonesia.
Shallow-water oil rig contractor Rowan Cos is bidding on 11 drilling opportunities in Saudi Arabia, chief executive Matt Ralls said, as the world's top oil exporter seeks to expand its drilling.
Saudi Arabia aims to incr