OKLAHOMA CITY - In its 50th year, Tulsa-based Unit Corp. is looking to boost its drilling rig operations with a new, high-tech rig that will be assembled at its Oklahoma City manufacturing center "We ...

Simply sign up to the European companies myFT Digest -- delivered directly to your inbox. Malaysia’s ambitions to become a leader in oil and gas exploration activities took a step forward after ...

OKLAHOMA CITY - New drilling processes demand updated equipment. Tulsa-based Unit Corp. on Wednesday unveiled its new BOSS drilling rig, a high-tech platform designed to take advantage of ...

Oilfield services company, Oceaneering International Inc. ( OII) announced that it has won a contract from one of the affiliates of offshore drilling giant Transocean Ltd. ( RIG), for the supply of ...

(Bloomberg) -- Billionaire John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd., is planning to register a new offshore rig company next week as he seeks to take ...

Rowan Companies Inc., the U.S. oil and natural-gas driller that also builds rigs, said “favorable conditions now exist” to spin off or sell its manufacturing and land-rig units. “We have repeatedly ...

Offering by Ocean Rig UDW DryShips' stake in unit to fall to 78 pct Shares up 2 pct pre-mkt Dec 15 (Reuters) - Dry cargo shipper and deepwater driller DryShips Inc said a share sale by its unit Ocean ...

The US drilling rig count is down 1 unit to 1,067 rigs working for the week ended Nov. 2, according to Baker Hughes data. The count is up 169 units from the 898 rigs working this time a year ago. The ...

Ocean Rig’s original bid to provide the five drillships was based on an agreement with the Synergy shipyard group, controlled by naturalised Brazilian German Efromovich. Ocean Rig’s was the ...

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This ...