The $6.6 million IPM agreement, secured through its subsidiary Indodrill Bumi Perkasa, covers the procurement of materials ...

Ranger Energy Services, Inc. (NYSE: RNGR) reported a significant year-on-year increase in second quarter net income, fueled by solid operational performance across key business segments and the ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

CEO Stuart N. Bodden reported that "second quarter results reflect the resilience of our production-oriented strategy, the hard work of our field teams and our ongoing commitment to disciplined ...

Explore what topside means for offshore rigs. Understand its structure, key components, and importance in oil extraction processes.

Malaysia’s energy behemoth Petronas, compatriot Velesto Energy and National Oilwell Varco (NOV) have teamed up to implement rig mechanised automation processes and integrate robotics into drilling ...