The horizontal rig count decreased by 48 from the previous week’s count. This was the eighth straight weekly fall. Currently, there are 1,253 horizontal rigs. The count now is 119 less than the 1,372 ...

New York, March 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Horizontal Directional Drilling Market By Component, By Machine Type, By Machines Parts, By ...

DUBLIN--(BUSINESS WIRE)--The "Rotary Drilling Rig - Global Market Outlook (2016-2022)" report has been added to Research and Markets' offering. Growing exploration & production activities, recent ...

The offshore drilling industry continues to show signs of recovery. The exception is in the UDW semisubmersible segment, which is suffering from declining utilization. We continue to see marked ...

Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery. For the most part, the offshore rig fleet ...

Drilling rig contracts are lengthening, in response to increasing demand, reduced rig availability, and long lead times for new construction. Additional newbuild contracts, and announcements of new ...

Below the surface, there may be some variances in the pace of decline of the various drilling rig types that could moderate the optimism of a quick production reaction. This opinion piece presents the ...

Oil prices remain strong, surpassing $80/bbl this year, keeping operators motivated and contract drillers busy despite depressed natural gas prices. Worldwide use of drilling rigs continued to ...

The offshore drilling industry continues to show some signs of a recovery, but it is a very weak and sporadic one. The utilization rate for the ultra-deepwater semisubmersible fleet plunged to the ...