Wednesday 10 February 2016
 
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Drilling

Aramco to keep same number of oil, gas rigs

State oil giant Saudi Aramco is expected to keep the same number of its oil and gas drilling rigs this year despite weak oil prices, industry sources said. Saudi Aramco has asked oilfield service companies and suppliers again this

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Churchill Drilling unveils hydraulic pipe recovery tool

Churchill Drilling Tools, a specialist engineering company delivering market-leading drilling solutions to the global oil and gas industry, has launched its HyPR HoleSaver in the Middle East.    The expansio

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HH signs $25m drilling rig sales deal with Kuwait firm

Leading global land drilling rig manufacturer Honghua Group (HH) has entered into a ultra-deep drilling rig sales agreement with Kuwait Drilling Company (KDC) with a total value of $25 million.   Under the sales

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HH signs $25m drilling rig sales deal with Kuwait firm

Leading global land drilling rig manufacturer Honghua Group (HH) has entered into a ultra-deep drilling rig sales agreement with Kuwait Drilling Company (KDC) with a total value of $25 million.   Under the sales

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Mideast oilfield services market to top $13bn

Higher exploration and production (E&P) expenditure, financial durability of the companies and customers are likely to drive oilfields services market in the Middle East to record revenues worth $13.4 billion by 2019, a report said.

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FCC consortium finishes first Riyadh Metro tunnel section

A consortium led by Spanish construction giant FCC said it has completed the drilling work related to the first tunnel section of Line Five (Green line) of the Riyadh Metro in Saudi Arabia. The metro tunnel boring machine (TBM),

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Oil prices begin to bite US production

Oil prices have finally crept up on drilling and production levels in the US, a report said, adding that the onshore rig count has continued to soften as many operators have chosen to wait for improved economics to continue operations.

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Oil prices begin to bite US production

Oil prices have finally crept up on drilling and production levels in the US, a report said, adding that the onshore rig count has continued to soften as many operators have chosen to wait for improved economics to continue operations.

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Oil prices rise as US drilling declines

Oil rose by more than 1 percent on Monday after data showed US drilling slowed and a report said $1.5 trillion worth of planned production was uneconomic at current prices.   Crude has halved in value over the la

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China's Honghua wins Iraq drilling services contract

China-based Honghua Group, a leading global land drilling rig manufacturer, said it has entered into an agreement worth $26 million with an Iraqi firm to provide oilfield drilling services for the company. The deal signed early th

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