ADES Secures Jack-Up Drilling Rig Contract in West Africa
Offshore Engineer
JUNE 3, 2025
Saudi oil and gas drilling contractor ADES Holding has secured a contract with Addax Petroleum, part of Sinopec Group, for its Admarine 510 jack-up drilling rig
Drilling rig IT Oil 
ADNOC Drilling partners with SLB in Kuwait and Oman drilling rigs business
Oilfield Technology
JUNE 2, 2025
ADNOC Drilling Company has announced that it has signed an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, comprising eight fully operational land rigs under contract with the respective national oil companies (NOCs) of both countries.
Drilling rig 
52
52 Join 5,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Oklahoma Operations of Key Oil & Gas Companies (2025)
Oil Gas Leads
JUNE 11, 2025
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.
Operator 52
52 
GPC Operates Modern Drilling Rigs in Eastern Desert, To Drill 75 Oil Wells in One Year
Egypt Oil & Gas
APRIL 20, 2025
The new drilling rigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.
Drilling rig 52
52 
Drilling Rig Safety | Oil and Gas | Keystone Energy Tools
Keystone Energy Tools
SEPTEMBER 5, 2024
Working on a drilling rig is a complex and inherently hazardous occupation, requiring a meticulous approach to safety. With numerous risks present at every stage of the operation, it is imperative to prioritize safety as the foundation of all activities on the rig.
Drilling rig 52
52 
ConocoPhillips & PD 868: Robotics Redefining Drilling in the Canada
Oil Gas Leads
JUNE 19, 2025
Location: British Columbia & Alberta | Precision Drilling Partnership The Montney formation — long known for its stacked resource potential — is now becoming equally famous for technological innovation. At the forefront is PD 868 , North America’s first land-based drilling rig equipped with modular robotics to automate pipe handling.
Derrick Hand 52
52 
Know Mostly used Drilling Rig Acronyms
Rig Skills
MAY 25, 2020
Drilling rig operation report also called daily drilling report or DDR contain several acronyms. These acronyms minimize drilling report size and make it easy to read and understand. Without these abbreviation drilling report will look massive text contents and reader will feel boring.
Drilling rig 52
52 
ADNOC Drilling CFO sees $500 million of acquisitions this year
Oil & Gas 360º
MAY 12, 2025
(World Oil) –The drilling unit of the United Arab Emirates biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth. The third will be a purchase of drilling rigs as the company expands in the Middle East.
Drilling rig 130
130 
U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility
Oil & Gas 360º
APRIL 15, 2025
(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area.
E&P 189
189 
Permian Basin count down 11 percent in past year to 279 active drilling rigs
Permian Basin Oil and Gas Magazine
MAY 27, 2025
with declining counts of active oil and gas drilling rigs. Baker Hughes said in its report of May 23 there were 279 rigs in Permian Basin down 3 from 282 in the past week and down 33 or 11 percent from 312 a year ago. 3 among states with 53 rigs (down 2) followed by Louisiana and North Dakota each with 30.
Drilling rig 52
52 
Unchanged counts of active drilling rigs in Permian Basin, Texas, New Mexico
Permian Basin Oil and Gas Magazine
APRIL 22, 2025
Baker Hughes reported little new activity among operators in Permian Basin, Texas and New Mexico in its weekly report of drilling rigs for April 17. There were 289 rigs in Permian Basin (289 week ago, 318 year ago), 274 in Texas (274 week ago, 296 year ago) and 100 in New Mexico (100 week ago, 108 year ago).
Drilling rig 52
52 
Permian Basin losing streak of active drilling rigs extends to five weeks
Permian Basin Oil and Gas Magazine
APRIL 8, 2025
Permian Basin extended its losing streak to five weeks in Baker Hughes latest weekly drilling rig report. As of April 4, there were 294 active rigs in Permian Basin (down 3 from 297 previous week, down 23 from 317 year ago). The high count for Permian this year was 305 as of Feb. 28 after which the current streak started.
Drilling rig 52
52 
Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam
Offshore Engineer
MAY 20, 2025
Malaysias oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drilling rig
Drilling rig 75
75 
ARO Drilling Inks Contract Extensions with Aramco for Five Jack-Up Rigs
Offshore Engineer
MAY 13, 2025
Saudi Arabian state-owned oil giant Aramco has signed contract extension with ARO Drilling, its 50-50 joint venture with Valaris, for five jack-up drilling rigs
Drilling rig 69
69 
Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia
Offshore Engineer
MAY 23, 2025
Malaysias oil and gas services firm Velesto has secured a new drilling contract for its NAGA 8 jack-up drilling rig offshore Indonesia.The contract has been awarded by PC Ketapang II
Drilling rig 68
68 
U.S. Energy Development acquires 20,000 net acres in Reeves, Ward counties
Permian Basin Oil and Gas Magazine
APRIL 18, 2025
Energy Development said the deal includes a proved producing component and expands the companys Permian holdings while increasing its multi-bench, multi-year drilling inventory. USEDC plans to run a dedicated drilling rig on the new assets. Fort Worth-based U.S. Energy Development Corp. The post U.S.
Drilling rig 95
95 
Matador Plans to Cut Drilling Activity, Drop One Rig by Mid-2025
Rigzone
APRIL 24, 2025
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices.
Drilling rig 62
62 
Permit Spotlight: Blackbeard Operating’s CBP Resurgence Signals Shift in Permian Playbook
Oil Gas Leads
JUNE 19, 2025
Service Synergy from Midland/Delaware Despite not operating in those basins, Blackbeard benefits from proximity to their oilfield supply hubs.
Basin 52
52 
Eagle Ford in Retreat: EIA Forecast Signals Slowdown in 2026
Oil Gas Leads
JUNE 14, 2025
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. The Eagle Ford—where much of the gas is associated with oil production—is particularly sensitive to these variables.
Basin 52
52 
Blowout Preventer Valves | Oil & Gas | Keystone Energy
Keystone Energy Tools
JANUARY 22, 2025
Anyone who wants to be well-versed in oil drilling must understand the crucial role of the blowout preventer (BOP). Ensuring the safety and efficiency of drilling operations is paramount in the oil and gas industry. One of the most critical components in a drilling rigs safety system is the blowout preventer (BOP).
Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs
Asian Oil & Gas
APRIL 8, 2025
Offshore drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world
Drilling rig 40
40 
Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline
The Energy Law
MAY 5, 2023
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
Spud-in 98
98 
Iraqi Drilling Company Completes 13 New Wells
Iraq Business News: Oil & Gas
APRIL 25, 2025
The Iraqi Drilling Company (IDC) has announced the successful drilling of 13 new oil wells and the rehabilitation of 53 others across various oilfields, covering the period from January to 21st April 2025. The work was conducted in coordination with national extraction companies and international oil firms operating in Iraq.
Completion 59
59 
The Future of Texas Oil and Gas
Texron Operating
MAY 30, 2023
Pioneering the Future: Technological Breakthroughs in Texas’s Oil and Gas Production The oil and gas industry constantly evolves, and Texas has long been at the forefront. Amidst soaring global energy demands, the oil and gas industry is constantly reinventing itself, seeking more efficient, eco-friendly production methods.
Gas 52
52 
Prairie Operating Co. announces 11-well development at Rusch Pad
Oil & Gas 360º
APRIL 2, 2025
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
Operator 130
130 
Oil Review Middle East - Untitled Article
Oil Review Middle East
MAY 30, 2025
It will accelerate ADNOC Drillings expansion plans, providing it with a foothold into what it sees as two highly stable GCC markets with clear drilling plans driven by top-tier clients, in a move that will generate attractive returns. The deal offers scope for ADNOC Drilling to acquire the remaining stake over time.
Drilling rig 89
89 
Exploring the World of Drill Pipes: Vital Components in Oil and Gas Exploration
DIC Oil Tools
JULY 10, 2024
DIC Oil Tools is one of the leading Suppliers of Drill Pipes for the oil and gas industry. At DIC Oil Tools, we only use the most durable materials available for OCTG and drill pipe manufacturers. Let’s delve into what makes drill pipes so crucial and how they contribute to this complex process.
Oil 52
52 
BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness
Oil Gas Leads
APRIL 29, 2025
Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. billion (up from $1.2
Oil 52
52 
Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam
Asian Oil & Gas
MAY 20, 2025
Malaysias oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drilling rig
Drilling rig 40
40 Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia
Asian Oil & Gas
MAY 23, 2025
Malaysias oil and gas services firm Velesto has secured a new drilling contract for its NAGA 8 jack-up drilling rig offshore Indonesia.The contract has been awarded by PC Ketapang II
Drilling rig 40
40 
Why Are Oil And Gas Production Rising When Rig Counts Are Falling?
Energy Central
DECEMBER 26, 2023
is poised to set a new oil production record. In response, someone took exception to my claim by stating that he works in the industry, and drilling rigs are stacking up. It is correct that the rig count has fallen. Last week I pointed out in a TikTok video that the U.S.
Drilling rig 40
40 
Innovations in Oil and Gas Production
Texron Operating
MAY 17, 2023
From Drill Bits to Drones: Innovations in Texas Oil and Gas Production Introduction: As the energy demand continues to grow, so does the need for more efficient and sustainable oil and gas production methods. The oil and gas industry constantly evolves, with modern technologies and innovations always emerging.
Gas 52
52 
Permian Basin Top Rigs by Wells Drilled Since 2024
Oil Gas Leads
MAY 10, 2025
Ensign T138 The Ensign T138 drilling rig is part of Ensign Energy Services’ fleet, a company renowned for its advanced drilling technologies and global operations. Ensign T138: Operational Highlights Drilling Activity : In 2024, Ensign T138 drilled 25 wells for Diamondback Energy, primarily in Martin County, Texas.
Basin 52
52 
Type of mud losses while oil and gas well drilling
Rig Skills
MAY 26, 2020
We have following types of mud losses while well drilling on drilling rig. This drilling fluid loss with cutting or solid being exit from solid control equipment is called surface mud or drilling fluid loss. We can minimize surface loss of mud on oil and gas well drilling by following steps.
Drilling Mud 52
52 
Permian Basin reports lowest rig count in 42 months since November 2021
Permian Basin Oil and Gas Magazine
MAY 20, 2025
The count of active drilling rigs in Permian Basin declined again for the past week, according to Baker Hughes. In the report for May 16, there were 282 rigs in Permian down 3 from 285 a week ago and down 30 from 312 a year ago. added a rig in the past week to widen its margin as the Permian leader with 51.
Basin 75
75 
Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal
Oil & Gas 360º
MAY 15, 2025
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. Tourmaline) for $291.5
BBL 130
130 
Fayoum 5 Exploration Well Findings Indicate Potential Natural Gas Discovery by bp in Mediterranean
Egypt Oil & Gas
MARCH 6, 2025
The well was drilled by using the Valaris DS-12 drilling rig, which is the second discovery by bp in the western region after the King 2 well and the third in this region after the ExxonMobil well.
Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation
Oil & Gas 360º
APRIL 23, 2025
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
Gas 100
100 
Civitas expands Permian position with new assets in Howard, Glasscock, Upton
Permian Basin Oil and Gas Magazine
MARCH 4, 2025
Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Civitas plans to run five drilling rigs and two completion crews in Permian Basin. The post Civitas expands Permian position with new assets in Howard, Glasscock, Upton appeared first on Permian Basin Oil and Gas Magazine.
Basin 52
52 
New Phase to Add 1 Tcf Natural Gas to Zohr Reserves
Egypt Oil & Gas
APRIL 20, 2025
A large workshop was held at the headquarters of Eni company in Milan, Italy, with the attendance of significant oil and gas leaders from Egypt. It is worth noting that Enis Saipem 10000 drilling rig is continuing developmental drilling operations as part of the fields development project.
Natural Gas 59
59 
Florida Investors and the Shift to Alternative Investments in Oil and Gas
Aresco
AUGUST 13, 2024
Amid this backdrop, a growing number of Florida investors are turning to alternative investments, particularly direct investing in oil and gas drilling projects. Despite the push towards renewable energy sources, fossil fuels remain integral to the energy mix, and the demand for oil and gas is expected to persist for decades.
Gas 52
52 
What are the Different Types of OCTG Pipes Used in the Oil and Gas Industry?
DIC Oil Tools
JANUARY 2, 2024
DIC Oil Tools is a Brand by a Dedicated Impex Company. We provide the complete range of OCTG and other oil requirements with the highest quality standards in the industry. OCTG, Oil Country Tubular Goods , are essential parts of the oil and gas industry. DIC is an Exporters of OCTG Pipes Worldwide. What are OCTG Pipes?
Gas 52
52 
Permian rig count falls to 278; U.S. dips to 563; Eddy County, N.M., returns to 50
Permian Basin Oil and Gas Magazine
JUNE 3, 2025
Counts of active drilling rigs in Permian Basin and U.S. In the weekly report of May 30, there were 278 rigs in Permian Basin (down 1 from 279 one week earlier, down 32 from 310 a year earlier) and 563 in U.S. Oklahoma is third among states with 52 rigs (down 1) followed by Louisiana and North Dakota with 30 each.
Drilling rig 52
52 
The Challenges of DDR Data Entry and Cost Tracking in Oil & Gas Drilling
Oil Gas Leads
MARCH 11, 2025
For instance, one rig might report, TOOH f/xxx to BHA, while another writes, TOOH for DTF f/xxx. These inconsistencies make it difficult to compare performance across different wells and rigs. Without a standardized format for trips, drilling, rig moves, and downtime, cross-referencing and troubleshooting issues become much harder.
Gas 52
52 
Let's personalize your content